Mn life insurance - Study guides, Class notes & Summaries
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MN life insurance|203 Questions with 100% Correct Answers | Verified | Latest Update
- Exam (elaborations) • 24 pages • 2024
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Which of the following is not a duty of the Commissioner? 
 
a. Issue an insurance license for a producer 
b. Make state insurance laws 
c. Handle insurance-related consumer complaints 
d. Enforce state insurance laws - ️️b. Make state insurance laws 
 
During policy solicitation an insurer exaggerates the financial condition of one of its competitors and makes it sound worse than it is. This is an example of an unfair trade practice called? 
 
a. Twisting 
b. False advertising 
c. Controlle...
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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 | 176 Questions and Answers(A+ Solution guide)
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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... 
____ hours per maj...
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MN Life Insurance License Exam 2024 Questions and Detailed Answers
- Exam (elaborations) • 25 pages • 2023
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MN Life Insurance License Exam 2024 
Questions and Detailed Answers 
Which of the following is not a duty of the Commissioner? 
a. Issue an insurance license for a producer 
b. Make state insurance laws 
c. Handle insurance-related consumer complaints 
d. Enforce state insurance laws Correct Answer b. Make state 
insurance laws 
During policy solicitation an insurer exaggerates the financial 
condition of one of its competitors and makes it sound worse 
than it is. This is an example of an unfai...
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MN LIFE INSURANCE BY ANNA VANG EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Exam (elaborations) • 15 pages • 2024
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MN LIFE INSURANCE BY ANNA VANG 
EXAM | QUESTIONS & ANSWERS 
(VERIFIED) | LATEST UPDATE | GRADED 
A+MN LIFE INSURANCE BY ANNA VANG 
EXAM | QUESTIONS & ANSWERS 
(VERIFIED) | LATEST UPDATE | GRADED 
A+
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Rules and Regulation MN Life Insurance Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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Rules and Regulation MN Life Insurance Questions 
with 100% Correct Answers | Latest Version 2024 | 
Expert Verified | Ace the Test
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MN Life and Health Insurance Bundled Exams with complete solution
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MN Life and Health Insurance Bundled Exams with complete solution
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MN life insurance |100 Questions with 100% Correct Answers | Verified | Updated 2024
- Exam (elaborations) • 11 pages • 2024
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In what type of policy does the owner pay the same premium throughout the term of the contract? - ️️Level premium policy 
 
Which type of beneficiary CANNOT be changed without consent? - ️️The beneficiary is irrevocable 
 
How many total hours of continuing education covering the subjects for which the license is licensed must complete. - ️️24 hours 
 
Accidental and dismemberment will pay the principal sum of death occurs: - ️️As a result of an accident regardless of when the ac...
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Minnesota MN Life Insurance License Exam 2024 Questions and Detailed Answers| 100% Verified
- Exam (elaborations) • 16 pages • 2023
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Minnesota MN Life Insurance License 
Exam 2024 Questions and Detailed 
Answers| 100% Verified 
In what type of policy does the owner pay the same premium 
throughout the term of the contract?
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MN Laws, Rules, & Regulations Pertinent to Life Insurance Latest Update Graded A
- Exam (elaborations) • 4 pages • 2024
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MN Laws, Rules, & Regulations 
Pertinent to Life Insurance Latest 
 
Update Graded A 
 
Beneficiary Protection from Creditors If beneficiary eligible to receive death benefit but 
chooses to leave part/all on deposit with insurer, money is protected from claims of the 
beneficiaries creditors. 
 
Policyowner Rights Spendthrift provision: 
Gives insurer the right to hold back proceeds received by beneficiary and protect them from 
creditors. 
For old policies without this provision, owner of poli...
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