Minnesota Real Estate Exam Practice Question
Under Minnesota insurance law, a producer who knowingly makes a false statement in an application for insurance is guilty of:
Correct Answer: C
Rationale: Under Minnesota insurance law, knowingly making a false statement in an insurance application constitutes a gross misdemeanor, reflecting the seriousness of the offense while distinguishing it from more severe felonies.
Option A, a felony, is incorrect as it involves more severe crimes with harsher penalties. Option B, gross negligence, does not apply here, as it pertains to a failure to exercise reasonable care rather than intentional falsehoods. Option D, a petty misdemeanor, is also incorrect, as it suggests a lesser degree of wrongdoing that does not align with the intentional nature of the act. Thus, classifying the act as a gross misdemeanor appropriately captures its severity.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now