MLAHP Minnesota Life Accident and Health Producer Exam - Set 1 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: An insured under a Minnesota individual health policy suffers a covered loss in Moorhead and wants to know the two filing clocks in the uniform provisions. Minnesota Statutes section 62A.04, subdivision 2, sets notice of claim and written proof of loss. Which pairing is correct?

Twenty days notice, ninety days proof

Ninety days notice, twenty days proof

Thirty days notice, sixty days proof

Twenty days notice, sixty days proof

Question 42: A Minnesota employee is laid off by a St. Cloud manufacturer, and she elects to continue the employer's group health coverage rather than go uninsured. Under Minnesota Statutes section 62A.17, subdivision 2, how long may that continuation run and what premium ceiling applies?

Twelve months at the ordinary group rate

Thirty-six months at one hundred two percent

Eighteen months at one hundred two percent

Until she obtains Medicare, without a cap

Question 43: A Minnesota family files a death claim under a life policy issued by a company now in liquidation. Setting aside every other policy the insured owned, what is the largest life insurance death benefit the state guaranty association may cover for one life?

Five hundred thousand dollars

Three hundred thousand dollars

One hundred thirty thousand dollars

Two hundred fifty thousand dollars

Question 44: A borrower in Winona finances a used pickup over forty-eight months and buys credit life insurance at the dealership. Under Minnesota Statutes section 62B.04, subdivision 1, what is the ceiling on the initial amount of credit life insurance for that indebtedness?

The principal repayable plus two monthly payments

Twice the principal repayable

The principal repayable plus one monthly payment

The original principal with no additions

Question 45: A Minnesota applicant receives her individual life policy on a Tuesday and begins reading it that evening. Minnesota Statutes section 72A.51, subdivisions 1 and 2, set the right to cancel and the day the clock starts. Which of the following states that rule?

Ten calendar days from application date

Thirty calendar days from policy receipt

Ten calendar days from insurer approval

Ten calendar days from policy receipt

Question 46: A Minnesota producer who already holds a life line of authority wants to begin recommending and selling annuity contracts to clients in Edina. Which training does Minnesota require that producer to complete before commencing any annuity transaction in this state?

Eight hours, then four every two years

A one-time four-credit annuity course

A state examination on annuity products

No training beyond the life license

Question 47: A Minneapolis policyowner effected a life insurance policy in favor of his adult daughter, and after his death his unpaid business creditors try to reach the death benefit. Under Minnesota Statutes section 61A.12, subdivision 1, what is the daughter's position?

Creditors take first from the proceeds

Proceeds are split evenly with creditors

She is entitled to the proceeds

Only half the proceeds are protected

Question 48: A national study guide tells a candidate that a life insurer may exclude liability for death by suicide occurring within two years of issue. Minnesota's suicide provisions statute sets a different maximum for policies issued or delivered here. Which period does Minnesota allow?

Two years from the date of issue

One year from the date of issue

Three years from the date of issue

Six months from the date of issue

Question 49: Minnesota's required provisions for life insurance policies state when the contract becomes incontestable, subject to exceptions for nonpayment of premiums and for conditions relating to naval and military service in wartime. Which period must the policy state for that provision?

One year from its date

Three years from its date

Five years from its date

Two years from its date

Question 50: A Minnesota policyowner replaces an existing annuity with a contract from a new insurer, and the replacing insurer delivers the contract together with the written notice the statute demands. Under Minnesota Statutes section 61A.57, paragraph d, how long is the unconditional refund right?

Ten calendar days from delivery

Twenty calendar days from delivery

Thirty calendar days from delivery

Sixty calendar days from delivery

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