The commissioner examines each insurer every ___ Years. 5 years $____ fine per day if a person violates, aids, or abets a written cease and desist order $10,000 License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the h...
MN Life and Health Insurance Exam
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1. The commissioner examines
5 years
each insurer every Years.
2. $ fine per day if a person
$10,000
violates, aids, or abets a
written cease and desist order
3. License fee may request a
hear- ing within 30 Days, 30 days
days of commis- sioners order.
After hearing re- quest,
Commissioner has
days to hold the hearing.
4. All accident and health insur- 60 days
ance policies must be filed with
the commissioner at least
days prior to use
5. During Pre-licensing... 20, 70%, 3 YEARS
hours per major line of au-
thority
% passing score on state
exam
number of years the
exam results are valid
6. License application fee $50 per line of authority
7. Credit hours per licensed 25 credit hours, 3
producer
hours must be in ethics
8. hour partnership prior to 8 hour
selling LTC
9. hour refresher course every 4 hours
two years after initial training
for LTC
1/
, MN Life and Health Insurance Exam
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10. 2 years
2/
, MN Life and Health Insurance Exam
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License periods after the first
li- censing period are years
11. A temporary insurance 180 days
produc- er license may be
issued for up to days
12. A licensee's time to notify 10 days
the commissioner of
address change is days
13. A license is suspended for any 3 months`
period of time no less than
months
14. A person who's license is re- 2 years, $20,000
voked can reapply after
years. The producer must
obtain a performance bond of
at least
15. Commissioner may fine a 19. Within days after receiving
pro- ducer up to per notice of termination, the pro-
violation ducer may file written comments
16. The insurer must fine notice of
appointment within days of
first sale by the producer.
17. An insurer that terminates
an appointment must
notify
the commissioner within
days
18. Within days, the insurer
must send written notice of
the termination to the
producer.
3/
, MN Life and Health Insurance Exam
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$10,000
15 days
30 days
15 days
30 days
4/
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