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MN Life and Health Insurance Exam with correct answers
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MN Life and Health Insurance Exam withcorrect answers
The nncommissioner nnexamines nneach nninsurer nnevery nn___ nnYears. nn- nncorrect nnanswer-5 nnyears
$____ nnfine nnper nnday nnif nna nnperson nnviolates, nnaids, nnor nnabets nna nnwritten nncease nnand nndesist nnorder nn-
nncorrect nnanswer-$10,000
License nnfee nnmay nnrequest nna nnhearing nnwithin nn____ nndays nnof nncommissioners nnorder. nnAfter nnhearing
nnrequest, nnCommissioner nnhas nn____ nndays nnto nnhold nnthe nnhearing. nn- nncorrect nnanswer-30 nnDays, nn30
nndays
All nnaccident nnand nnhealth nninsurance nnpolicies nnmust nnbe nnfiled nnwith nnthe nncommissioner nnat nnleast nn____
nndays nnprior nnto nnuse nn- nncorrect nnanswer-60 nndays
During nnPre-licensing...
____ nnhours nnper nnmajor nnline nnof nnauthority
_____% nnpassing nnscore nnon nnstate nnexam
____ nnnumber nnof nnyears nnthe nnexam nnresults nnare nnvalid nn- nncorrect nnanswer-20, nn70%, nn3 nnYEARS
License nnapplication nnfee nn- nncorrect nnanswer-$50 nnper nnline nnof nnauthority
____ nnCredit nnhours nnper nnlicensed nnproducer
___ nnhours nnmust nnbe nnin nnethics nn- nncorrect nnanswer-25 nncredit nnhours, nn3
___ nnhour nnpartnership nnprior nnto nnselling nnLTC nn- nncorrect nnanswer-8 nnhour
___ nnhour nnrefresher nncourse nnevery nntwo nnyears nnafter nninitial nntraining nnfor nnLTC nn- nncorrect nnanswer-4
nnhours
,License nnperiods nnafter nnthe nnfirst nnlicensing nnperiod nnare___ nnyears nn- nncorrect nnanswer-2 nnyears
A nntemporary nninsurance nnproducer nnlicense nnmay nnbe nnissued nnfor nnup nnto nn___ nndays nn- nncorrect nnanswer-
180 nndays
A nnlicensee's nntime nnto nnnotify nnthe nncommissioner nnof nnaddress nnchange nnis nn___ nndays nn- nncorrect nnanswer-
10 nndays
A nnlicense nnis nnsuspended nnfor nnany nnperiod nnof nntime nnno nnless nnthan nn___ nnmonths nn- nncorrect nnanswer-3
nnmonths`
A nnperson nnwho's nnlicense nnis nnrevoked nncan nnreapply nnafter nn___ nnyears. nnThe nnproducer nnmust nnobtain nna
nnperformance nnbond nnof nnat nnleast nn_____ nn- nncorrect nnanswer-2 nnyears, nn$20,000
Commissioner nnmay nnfine nna nnproducer nnup nnto nn___ nnper nnviolation nn- nncorrect nnanswer-$10,000
The nninsurer nnmust nnfine nnnotice nnof nnappointment nnwithin nn___ nndays nnof nnfirst nnsale nnby nnthe nnproducer. nn-
nncorrect nnanswer-15 nndays
An nninsurer nnthat nnterminates nnan nnappointment nnmust nnnotify nnthe nncommissioner nnwithin nn_____ nndays nn-
nncorrect nnanswer-30 nndays
Within nn____ nndays, nnthe nninsurer nnmust nnsend nnwritten nnnotice nnof nnthe nntermination nnto nnthe nnproducer. nn-
nncorrect nnanswer-15 nndays
Within nn___ nndays nnafter nnreceiving nnnotice nnof nntermination, nnthe nnproducer nnmay nnfile nnwritten
nncomments nnconcerning nnthe nntermination nnwith nnthe nncommissioner nn- nncorrect nnanswer-30 nndays
The nnpenalty nnfor nnfailing nnto nnappoint nna nnproducer nnis nn$____ nnper nnoffense, nnand nnup nnto nn$____
nnmaximum nnper nnunappointed nnproducer nn- nncorrect nnanswer-$25, nn$300
, The nnproducer nnmust nnnotify nnthe nncommissioner nnof nnany nnadministrative nnaction nntaken nnor nncriminal
nnprosecution nnagainst nnthe nnproducer nnwithin nn____ nndays nn- nncorrect nnanswer-30 nndays
The nnproducer nnmust nnnotify nnthe nncommissioner nnwithin nn______ nndays nnof nnany nnfelony nnor nngross
nnmisdemeanor nnconviction, nnguilty nnplea, nnor nnplea nnof nnno nncontest. nn- nncorrect nnanswer-10 nndays
A nnlapsed nnlicensee nncan nnreinstate nnlicense nnwithin nn____ nnmonths. nn- nncorrect nnanswer-12 nnMonths
The nnpenally nnfor nnrebating nnis nn$____ nnto nn$____ nnper nnviolation. nnA nnpromotional nngift nnor nnadvertising
nnitem nnof nn$____ nnis nnnot nna nnrebate. nn- nncorrect nnanswer-$60 nnto nn$200, nn$25
The nninsurer nnmust nnreply nnto nncustomer nnclaims nnand nninquires nnwithin nn____ nndays. nn- nncorrect nnanswer-
10 nndays
Policies nnmust nnbe nndelivered nnto nnthe nninsured nnwithin nn____ nnworking nndays nnof nnthe nnproducers nnrecipes
nnfrom nnthe nninsurer. nn- nncorrect nnanswer-30 nndays
Producer nnfinancial nnand nncompliant nnrecords nnmust nnbe nnkept nnon nnfile nnfor nn____ nnyears. nn- nncorrect
nnanswer-6 nnyears.
Premium nnrefunds nnmust nnbe nnsent nnto nninsured nnwithin nn_____ nndays nnof nnthe nnproducer nnreceipt nnfrom
nnthe nninsurer. nn- nncorrect nnanswer-5 nndays
Insurers: nnPolicy nnforms, nnapplications, nnand nnadvertising nnmust nnbe nnretained nnfor nn____ nnyears nnafter nnthe
nneffective nndate. nn- nncorrect nnanswer-3 nnyears
Insurers: nnClaim nnrecords nnmust nnbe nnretained nnfor nn____ nnyears nnafter nnthe nnclaim nnis nnpaid nnor nndenied nn-
nncorrect nnanswer-3 nnyears
Insurers: nnmust nnrefund nnunearned nnpremium nnto nnthe nninsured nnwithin nn_____ nndays. nn- nncorrect nnanswer-
30 nndays
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