Minnesota Life Insurance Exam Prep | 200 Questions with 100% Correct Answers | Verified | Latest Update

Minnesota Life Insurance Exam Prep | 200 Questions with 100% Correct Answers | Verified | Latest Update
Question : The commissioner examines each insurer every
___ Years.
Correct answer: 5 years
Question : $____ fine per day if a person violates, aids, or
abets a written cease and desist order
Correct answer: $10,000
Question : License fee may request a hearing within ____
days of commissioners order. After hearing request,
Commissioner has ____ days to hold the hearing.
Correct answer: 30 Days, 30 days
Question : All accident and health insurance policies must be
filed with the commissioner at least ____ days prior to use
Correct answer: 60 days
Question : During Pre-licensing: ____ hours per major line of
authority
Correct answer: 20
Question : During Pre-licensing: ____% passing score on
state exam
Correct answer: 70%

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