Mn life insurance exam - Study guides, Class notes & Summaries
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Rules and Regulation MN Life Insurance Questions and Answers Already Passed
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Rules and Regulation MN Life Insurance 
Questions and Answers Already Passed 
 
A producer offer a buyer $100 basketballs game tickets (not specified in the contract) introduce 
to purchase a policy, if the prospect purchase the policy and accepts the tickets, the Producer be 
will guilty of? Rebate 
 
All of the producers (except those who only transact credit insurance) must complete at least, 
how many hours of approved education course during 24 month licensing period? 30hours 
 
If an insur...
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MN LIFE AND HEALTH INSURANCE EXAM
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The commissioner examines each insurer every ___ Years. - Answer - 5 years 
 
$____ fine per day if a person violates, aids, or abets a written cease and desist order - Answer - $10,000 
 
License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the hearing. - Answer - 30 Days, 30 days 
 
All accident and health insurance policies must be filed with the commissioner at least ____ days prior to use - Answer - 60 days ...
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MN Life Producer Exam Latest Version Already Passed
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MN Life Producer Exam Latest Version 
 
Already Passed 
 
Accelerated Benefits Rider -pays 50-80% of death benefit 
-insured retains policy ownership & can designate beneficiary 
-beneficiary gets remainder at insured's death 
 
Viatical Settlement -viatical settlement provider buys policy from insured for 50-80% of 
death benefit 
-viatical settlement provider becomes owner & beneficiary 
-beneficiary gets nothing at insured's death 
 
What does viatical settlement allow? it allows a chronica...
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Life and Health Insurance License Exam - MN 205 Questions with 100% Correct Answers | Verified | Latest Update
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Insurance is a... - ️️transfer of risk 
 
What type of risk is gambling? - ️️Speculative Risk 
 
What type of risk is a car accident? - ️️Pure Risk 
 
What type of risk is insurable? - ️️Pure Risk 
 
uncertainty about whether a loss will occur - ️️Risk 
 
Risk Management Method Acronym - ️️STARR (sharing, transfer, avoidance, retention, reduction) 
 
Insurance company purchases insurance to cover their own exposure to loss - ️️reinsurance 
 
Loss Equation - ️️valu...
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Primerica Life Insurance Vocabulary Exam Questions with All Correct Answers
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Primerica Life Insurance Vocabulary Exam Questions with All Correct Answers 
pretext interviews - ANSWER An interview when a person attempts to obtain information from another person...and they pretend to be someone else. 
 
NAIC - ANSWER National Association of Insurance Commissioners - an association of state commissioners that influences the industry's self-regulation 
 
controlled business - ANSWER Business written on the producer's own life or interests. 
 
market ...
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MN Life and Health Insurance Exam 2023 with 100% correct answers
- Exam (elaborations) • 18 pages • 2023
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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 hearing. 
30 Days, 30 days 
 
 
 
All accident and health insurance policies must be filed with the commissioner at least ____ days prior to use 
60 days 
 
 
 
During Pre-licensing... 
...
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MN Life and Health Insurance Exam with correct answers
- Exam (elaborations) • 19 pages • 2024
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MN Life and Health Insurance Exam with correct answers
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LIFE AND HEALTH INSURANCE LICENSE EXAM – MN WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DEFINED ANSWERS ALREADY GRADED A+ GUARANTEED PASS
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LIFE AND HEALTH INSURANCE 
LICENSE EXAM – MN WITH 
ACTUAL CORRECT QUESTIONS 
AND VERIFIED DEFINED ANSWERS 
ALREADY GRADED A+ 
GUARANTEED PASS
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MN Life and Health Insurance Exam complete questions and correct answers
- Exam (elaborations) • 18 pages • 2023
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The commissioner examines each insurer every ___ Years. correct answer 5 years 
 
$____ fine per day if a person violates, aids, or abets a written cease and desist order correct answer $10,000 
 
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 
 
All accident and health insurance policies must be filed with the commissioner at least ____ days prior to use correct...
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MN INSURANCE EXAM PROPERTY & CASUALTY ACTUAL FINAL EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) | GRADED A+ | GUARANTEED PASS | LATEST VERSION 2024
- Exam (elaborations) • 23 pages • 2024
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MN INSURANCE EXAM PROPERTY & 
CASUALTY ACTUAL FINAL EXAM WITH 
COMPLETE QUESTIONS AND CORRECT 
DETAILED ANSWERS (VERIFIED ANSWERS) | 
GRADED A+ | GUARANTEED PASS | LATEST 
VERSION 2024 
 
 
 
 
 
 
1935 Agent Disclosure Law - ANSWER-Requires that producers tell potential 
clients -Name -Insurance Company -and Intent to sell insurance 
 
Fair Credit Reporting Act - ANSWER-When a credit report is ordered, applicant 
must be notified both verbally and in writing. Applicant has a rig...
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