Mn life insurance license Study guides, Class notes & Summaries

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MN life insurance questions and answers rated A+ 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 acciden...

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...

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?

MN Life and Health Insurance Exam Questions and Answers Rated A+ 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...

MN LIFE INSURANCE QUESTIONS AND ANSWERS ALREADY PASSED 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 call...

MN Life License Exam Questions and Answers Already Passed 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 (imposible) How many total hours of continuing education covering the subjects for which the license is licensed must complete? 24hours Accidental and dismemberment will pay the principal sum if death occurs: As a r...

In what type of policy does the owner pay the same premium throughout the term of the contract? - Answer - Level premium policy Which type of beneficiary CANNOT be changed without consent? - Answer - The beneficiary is irrevocable How many totals hours of continuing education covering the subjects for which the license is licensed must complete? - Answer - 24 hours Accidental and dismemberment will pay the principal sum of death occurs: - Answer - As a result of an accident regardle...

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...