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MN INSURANCE EXAM PROPERTY
& CASUALTY EXAM | QUESTIONS &
ANSWERS (VERIFIED) | LATEST
UPDATE | GRADED A+
Question : The Commissioner Examines Each Insurer Every
__ Years
Correct Answer : 5
Question : $___ Fine Per Day If A Person Violates, Aides, Or
Abets A Written Cease And Desist Order
Correct Answer : $10,000
Question : Licensee May Request A Hearing Within __ Days
Of Commissioners Order After Hearing Request, The Commissioner Has ___ To Hold The Hearing
Correct Answer : 30 And 30
Question : ___ Prelicensing Hours Per Major Line Of
Authority
Correct Answer : 20 Hours
Question : Number Of Years Licensing Exam Results Are
Valid
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Correct Answer : 3 Years
Question : $___ Per Line Of Authority For An Applicaton
Fee
Correct Answer : $50
Question : ___ Credit Hours Per Licensed Producer
Correct Answer : 24 Credits
Question : How Many Hours Of Continuing Education Must
Be In Ethics?
Correct Answer : 3
Question : For An Earthquake How Many Hours And How
Many Deductibles
Correct Answer : 168 Hours And Only 1 Deductible
Question : How Many Years Is A License Period
Correct Answer : 2 Years
Question : A Temporary Insurance Producer License May Be
Issued For Up To ___ Days
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Correct Answer : 180 Days
Question : A Licensee's Time To Notify The Commissioner
Of Address Change Is __ Days
Correct Answer : 10 Days
Question : A License Is Suspended For Any Period No Less
Than
Correct Answer : 3 Months
Question : How Many Years Can You Reapply For A License
When Your License Had Been Revoked?
Correct Answer : 2 Years
Question : When You License Is Revoked What Must You
Obtain?
Correct Answer : A Performance Bond Of $20,000
Question : The Insurer Must File A Notice Of Appointment
Within __ Days Of The First Sale By The Producer
Correct Answer : 15 Days
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Question : An Insurance Company That Terminates An
Appointment Must Notify The Commissioner Within ____ Days
Correct Answer : 30
Question : How Many Days Does The Insurance Company
Get To Send A Written Notice To The Commissioner About Termination To The Producer?
Correct Answer : 15 Days
Question : After Getting The Notice Of Termination, How
Many Days Can The Producer File Written Comments Concerning The Termination With The Commissioner?
Correct Answer : 30 Days
Question : How Much Is The Penalty For Failing To Appoint
A Producer? And Up To?
Correct Answer : $25 Up To $300
Question : The Producer Must Notify The Commissioner Of
Any Administrative Action Take Or Criminal Prosecution Against The Producer Within ___ Days