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Life and Health Insurance Producer Exam

Licensing (MN): practice questions

Our Life & Health Insurance bank has 11 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Minnesota

Before approving a resident individual producer license, the Minnesota commissioner must find that the applicant is at least what age?

  1. 19, or 18 if married
  2. 18 years old
  3. 21 years old, or 18 if sponsored by an appointing insurer
  4. 16 years old with a parent's written consent
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B. 18 years old — Minn. Stat. 60K.37, subd. 2(1).

Question 2 · Minnesota

An individual Minnesota producer let a license lapse. Within what period may it be reinstated without retaking the exam?

  1. Within 90 days, with no penalty fee owed
  2. Within 5 years, if CE hours are completed
  3. Only within 30 days of the expiration date
  4. Within 12 months of the renewal fee due date
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D. Within 12 months of the renewal fee due date — Minn. Stat. 60K.38, subd. 3.

Question 3 · Minnesota

A producer licensed in another state moves to Minnesota. To get resident licensing without prelicense education or an exam, the producer must apply within how long of establishing legal residence?

  1. 30 days
  2. Two years, if CE is current
  3. 90 days
  4. One year
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C. 90 days — Minn. Stat. 60K.40, subd. 2.

Question 4 · Minnesota

How much prelicense education must a Minnesota resident applicant complete for each major line of authority sought?

  1. 20 hours per line of authority
  2. A 12-hour course plus 3 hours of ethics
  3. 8 hours, which may be self-study
  4. 40 hours for life and health combined only
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A. 20 hours per line of authority — Minn. Stat. 60K.36, subd. 4; 60K.361(a).

Question 5 · Minnesota

Which applicant for the life line of authority is exempt from Minnesota's prelicensing program of studies?

  1. One who has worked as an insurer's clerk
  2. One who has an appointment already lined up
  3. One who holds a CLU or ChFC designation
  4. Any applicant who is over age 50
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C. One who holds a CLU or ChFC designation — Minn. Stat. 60K.36, subd. 4a(4).

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