Which statement about license expiration is true?

• A. Licenses expire after 1 year
• B. Licenses expire after 2 years
• C. Licenses expire after 3 years
• D. Licenses never expire

Answer: (B)

Licenses are renewed on a fixed cycle, not kept forever. For Minnesota life, accident, and health producers, the renewal happens every two years. This biennial requirement ensures licensees stay current with laws, products, and practices and it ties to continuing education that must be completed before renewal. If you don’t renew, your license lapses and you can’t legally transact insurance until you reinstate or renew, often with fees and CE requirements. The other timeframes—one year, three years, or never expire—don’t fit how renewal and ongoing compliance are handled. So, licenses expire after two years.