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Life and Health Insurance Producer Exam

Long-term care (MN): practice questions

Our Life & Health Insurance bank has 6 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Minnesota

Before an individual Minnesota long-term care policy is issued, what must the insurer receive regarding notice of lapse?

  1. A designation of another person to get lapse notices, or a signed waiver
  2. The applicant's physician's contact information
  3. Proof the applicant has automatic premium payments
  4. A signed power of attorney naming a family member
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A. A designation of another person to get lapse notices, or a signed waiver — Minn. Stat. 62S.19, subd. 1.

Question 2 · Minnesota

After a Minnesota long-term care policy has been in force for two years, on what basis may the insurer contest it?

  1. Any material misrepresentation on the application
  2. Any misstatement that relates to the condition claimed
  3. Only knowing, intentional misstatements about the insured's health
  4. It may never be contested for any reason
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C. Only knowing, intentional misstatements about the insured's health — Minn. Stat. 62S.13, subd. 3.

Question 3 · Minnesota

How long does a Minnesota long-term care insurance applicant have to return the policy for a premium refund?

  1. 20 days from the application
  2. 45 days from the policy date
  3. 30 days from delivery
  4. 10 days
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C. 30 days from delivery — Minn. Stat. 62S.07, subd. 1.

Question 4 · Minnesota

Before selling long-term care insurance in Minnesota, a producer must complete an initial training course of at least how many hours?

  1. Sixteen hours, with no further training required
  2. Twelve hours, then eight hours every 48 months
  3. Eight hours, then four hours every 24 months
  4. Four hours, then two hours every 12 months
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C. Eight hours, then four hours every 24 months — Minn. Stat. 60K.365(a)-(b).

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