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MN Life License Exam with correct answers
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MN Life License Exam with correct answers
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MN Life License Exam with correct answersIn nnwhat nntype nnof nnpolicy nndoes nnthe nnowner nnpay nnthe nnsame nnpremium nnthroughout nnthe nnterm nnof nnthe
nncontract? nn- nncorrect nnanswer-Level nnPremium nnpolicy
Which nntype nnof nnbeneficiary nnCANNOT nnbe nnchanged nnwithout nnconsent? nn- nncorrect nnanswer-The
nnbeneficiary nnis nnirrevocable nn(imposible)
How nnmany nntotal nnhours nnof nncontinuing nneducation nncovering nnthe nnsubjects nnfor nnwhich nnthe nnlicense nnis
nnlicensed nnmust nncomplete? nn- nncorrect nnanswer-24hours
Accidental nnand nndismemberment nnwill nnpay nnthe nnprincipal nnsum nnif nndeath nnoccurs: nn- nncorrect nnanswer-
As nna nnresult nnof nnan nnaccident nnregardless nnof nnthe nnthe nnaccident nnoccurs
The nnfollowing nnrefers nnto nnwhich nntype nnof nnclass? nnIf nnthe nnproposed nninsured nndies nnwhile nnthe nnpolicy nnis
nnin-forced nnthe nncompany nnwill nnpay nnthe nndeath nnbenefit nnto nnthe nnbeneficiary. nn- nncorrect nnanswer-An
nninsuring nnclause
Under nnMN nnlaw, nnif nnan nnemployer nnis nnlaid nnoff nnfrom nnemployment nnand nnis nnno nnlonger nneligible nnfor
nngroup nncoverage, nnwhat nncan nnthe nnemployer nndo nnabout nnthe nnemployer's nnlife nninsurance? nn- nncorrect
nnanswer-The nnemployer nnmust nninform nnthe nnemployee nnof nnthe nnamount nnpayable nnto nncontinue
nncoverage nnfor nnup nnto nn18 nnmonths
Which nnrider nnwould nnallow nnadditional nninsurance nnat nna nnspecified nndate nnor nnevent nnwithout nnevidence
nnof nninsurability? nn- nncorrect nnanswer-Guaranteed nninsurability
Which nnof nnthe nnexceptions nnof nna nnvariable nnannuity nncontract nnif nna nnperson nncancels nna nninsurance
nncontract nnwithin nnthe nnfree-look nnperiod nnis nnwithout nnliability nnand nnthe nnperson nnis nnentitled nna nnrefund
nnif? nn- nncorrect nnanswer-The nnpremium nnpaid nnbut nnnot nnincluding nnany nncontact nnfees nnor nnother nncharges
nnrelated nnto nnthe nncontract
, The nnDepartment nnof nnCommerce nnmust nnbe nngiven nna nnminimum nnof nnhow nnmany nndays nnadvance nnnotice
nnof nndisciplinary? nn- nncorrect nnanswer-30days
The nnproposed nninsured's nnstatement nnon nnthe nnapplication nnand nnthe nnfirst nnpremium nnpayment nnare nnpart
nnof nnthe nnpolicy? nn- nncorrect nnanswer-Consideration nnclause
A nntemporary nnproducer nnlicense nncan nnbe nnissued nnin nnany nnof nnthe nnfollowing nnEXCEPT? nn- nncorrect
nnanswer-Any nncircumstance nnthe nncommissioner nndeems nnto nnbe nnin nnthe nnpublic nninterest
Which nnof nnthe nnfollowing nnwould nnbe nnprohibited nnadvertising? nn- nncorrect nnanswer-Advertising nnthat
nnuses nnthe nnMN nnLife nnand nnHealth nnInsurance nnGuaranty nnAssociation
A nnproposed nninsured nnwhose nnlikelihood nnof nnloss nnis nnsignificantly nnless nnthan nnthe nnaverage nnis nnclassified
nnas: nn- nncorrect nnanswer-Substandard nnrisk
Once nna nnpolicy nnhas nnbeen nnreinstated nnthe nninsured nnmust nnwait nnwhat nnamount nnof nntime nnbefore
nncoverage nnfor nnsickness nnis nnavailable? nn- nncorrect nnanswer-10days
Blood nntests nnto nndetect nnthe nnpresence nnof nnHuman nnImmunodeficiency nnVirus nn(HIV) nnare nnbecoming
nncommonplace nnlaws nnhave nnbeen nnallowing nncompanies nnto: nn- nncorrect nnanswer-Shared nnthe nnpositive
nnHIV nninformation nnwith nnother nncompanies
What nnis nnthe nnpurpose nnof nnthe nnconversion nnprivilege nnin nna nngroup nnlife nninsurance nnpolicy? nn- nncorrect
nnanswer-Gives nnthe nnemployee nnthe nnright nnto nnconvert nntheir nngroup nncoverage nnto nnan nnindividual nnpolicy
nnwithout nnproof nnof nninsurability nnupon nntheir nntermination
The nnact nnof nninducing nna nnperson nnto nnterminate nnan nnexisting nnpolicy nnand nnpurchase nna nnnew nnpolicy nnis
nnreferred nnas: nn- nncorrect nnanswer-Twisting
All nnof nnthe nnfollowing nnare nnexamples nnof nnthird nnparty nnownership nnEXCEPT: nn
A. nnKey nnperson nn
B. nnContact nnassignment nn
C. nnPrimary nnbeneficiary nn
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