Minnesota Laws, Rules and Regulations Common to Life, Health, Property,
and Casualty Insurance
Commissioner's Oversight
How often does the Commissioner examine each insurer? Options: a. 1 year; b. 2 years; c. 5 years; d. 10
years
Answer: c. 5 years;
Cease and Desist Order
What is the ...
Minnesota Laws, Rules and Regulations Common to Life, Health, Property,
and Casualty Insurance
Commissioner's Oversight
How often does the Commissioner examine each insurer? Options: a. 1 year; b. 2 years; c. 5 years; d. 10
years
Answer: c. 5 years;
Cease and Desist Order
What is the daily fine for violating, aiding, or abetting a written cease and desist order? Options: a.
$1,000; b. $5,000; c.$10,000; d.$20,000
Answer: c.$10,000;
License Request and Hearing
Within how many days of the Commissioner's order can a licensee request a hearing? Options: a. 15
days; b. 30 days; c. 60 days; d. 90 days
Answer: b. 30 days;
Insurance Policy Filing
How many days prior to use must accident and health insurance policies be filed with the
Commissioner? Options: a. 15 days; b. 30 days; c. 60 days; d. 120 days
Answer: c. 60 days;
Licensing Requirements
How many prelicensing hours are required for major lines of authority? Options: a. 10 hours; b. 15
hours; c. 20 hours; d. 25 hours
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