Minnesota Real Estate Exam Practice Question
Funding for the Minnesota Guaranty Association is derived from:
Correct Answer: B
Rationale: Funding for the Minnesota Guaranty Association primarily comes from assessments on member companies. This structure ensures that the financial responsibility is shared among insurers, promoting stability and reliability within the insurance market.
Option A is incorrect because the Minnesota Commerce Department budget does not directly fund the Guaranty Association. Option C is misleading, as the General Treasury does not provide funding specifically for this purpose. Lastly, option D is inaccurate; while legislative appropriations can support various initiatives, they do not serve as the primary funding source for the Guaranty Association.
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