Minnesota Real Estate Exam Practice Question
An insurance company is in violation of Minnesota Insurance law if it declines to write a Homeowners policy solely because of the:
Correct Answer: B
Rationale: Declining to write a Homeowners policy based solely on the age of the dwelling is a violation of Minnesota Insurance law, as it can unfairly discriminate against property owners without considering other risk factors.
Option A, regarding claims frequency, is relevant; insurers can consider an applicant's claims history when assessing risk. Option C, concerning fire protection services, is also permissible, as the availability of such services directly impacts risk assessment. Option D, related to the applicant's credit score, is a common factor in underwriting, as financial stability can correlate with responsible homeownership.
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