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Exam Review

Key Facts: MN Property & Casualty Exam

150

Exam Questions

MN Dept. of Commerce / PSI

150 min

Exam Time

PSI exam outline

70%

Passing Score

MN producer exam standard

$45

Exam Fee

MN Department of Commerce

30/60/10

MN Auto Minimums

Minnesota financial responsibility law

No-Fault

Auto System (PIP Required)

Minnesota no-fault auto statute

24 hrs

CE per 2 Years

MN producer CE requirement

Minnesota administers its Property & Casualty producer exam through PSI with 150 questions in 180 minutes and a 70% passing standard. The exam covers national P&C concepts plus Minnesota law including Department of Commerce regulation, producer licensing and CE requirements (24 hours biennially with 3 hours of ethics), Minnesota's no-fault auto system requiring Personal Injury Protection (PIP), 30/60/10 liability minimums, the Minnesota FAIR Plan for hard-to-place property risks, and workers compensation requirements.

Sample MN Property & Casualty Practice Questions

Try these sample questions to review concepts for the MN Property & Casualty exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 571+ question experience with AI tutoring.

1Which state agency has primary regulatory authority over property and casualty insurance companies and producers in Minnesota?
A.Minnesota Department of Financial Services
B.Minnesota Department of Commerce
C.Minnesota Insurance Commission
D.Minnesota Bureau of Insurance
Explanation: The Minnesota Department of Commerce is the primary regulator of all insurance companies and insurance producers in Minnesota, including property and casualty lines. The Department is headed by the Commissioner of Commerce, who is appointed by the Governor. The Department enforces Minnesota's insurance laws, licenses producers, and protects consumers.
2How many hours of prelicensing education must an applicant complete before sitting for the combined Minnesota Property and Casualty producer examination?
A.10 hours
B.20 hours
C.40 hours
D.60 hours
Explanation: Minn. Stat. 60K.36, subd. 4 requires 20 hours of approved prelicensing study per major line of authority. Property and casualty are two separate lines, so a candidate sitting the combined Property and Casualty examination must complete 40 hours. The course may not be sponsored by, offered by, or affiliated with an insurance company or its producers, and PSI requires the candidate to present a paper course completion certificate at the test site.
3What is the minimum passing score required on the Minnesota Property & Casualty insurance licensing examination?
A.60%
B.65%
C.70%
D.75%
Explanation: Minnesota requires 70 percent correct to pass the Property and Casualty producer examination. PSI Services LLC administers the examination under contract with the Minnesota Department of Commerce. The score appears on screen at the end of the session, and candidates who fail receive an emailed diagnostic report by content area. A candidate cannot rebook on the same day as a failed attempt but may retest as soon as the next available appointment.
4Minnesota Property & Casualty producer licenses must be renewed every:
A.1 year
B.2 years
C.3 years
D.4 years
Explanation: Minnesota producer licenses must be renewed every 2 years, with the renewal deadline falling on the last day of the producer's birth month. This biennial renewal cycle applies to all lines of authority, including Property & Casualty. Producers must complete continuing education requirements before submitting their renewal application.
5Minnesota caps how much of a producer's 24-hour continuing education requirement may come from courses sponsored by, offered by, or affiliated with an insurance company. What is that cap?
A.No cap; all 24 hours may be company-sponsored
B.No more than one-half of the required credit hours
C.No more than 3 credit hours
D.Company-affiliated courses earn no credit at all
Explanation: Minn. Stat. 60K.56, subd. 6 provides that no more than one-half of the credit hours required in a licensing period may be credited for attending courses sponsored by, offered by, or affiliated with an insurance company or its agents, so a producer with a 24-hour requirement may count at most 12 such hours. A course provided by a bona fide insurance trade association does not count as company sponsored. Three of the 24 hours must come from classes in the area of ethics.
6Which of the following is a required component of Minnesota's 24-hour continuing education requirement for Property & Casualty producers?
A.5 hours of flood insurance training
B.3 hours of ethics training
C.8 hours of sales techniques
D.10 hours of product knowledge
Explanation: Minn. Stat. 60K.56, subd. 6 requires three of the 24 credit hours in each licensing period to come from a class or classes in the area of ethics. The remaining hours may cover any accredited insurance subject. Producers who sell National Flood Insurance Program coverage must separately satisfy the FEMA minimum flood training requirement under Minn. Stat. 60K.366, but that is not a Minnesota continuing education mandate imposed on every property and casualty producer.
7What is the fee for taking the Minnesota Property & Casualty insurance licensing examination through PSI?
A.$35
B.$45
C.$55
D.$65
Explanation: The PSI Minnesota Insurance Candidate Information Bulletin sets the Property and Casualty producer examination fee at $45. The same $45 applies to the Life, Accident and Health, Property, Casualty, and Personal Lines producer examinations, while adjuster examinations cost $25. Fees are neither refundable nor transferable, and a separate fee is due for each attempt.
8In Minnesota, an insurance producer's license renewal deadline occurs on:
A.December 31 of even-numbered years
B.December 31 of odd-numbered years
C.The last day of the producer's birth month
D.The anniversary of the original license issue date
Explanation: Minnesota producer licenses renew on the last day of the producer's birth month every 2 years. This birthday-based renewal system spreads renewals throughout the year rather than having all licenses expire at the same time. Continuing education must be completed before the renewal application can be submitted.
9Which of the following is TRUE of the prelicensing course a Minnesota property and casualty applicant must complete?
A.It may be sponsored by the insurer that intends to appoint the applicant
B.It must be completed in a physical classroom rather than online
C.It must not be sponsored by or affiliated with an insurance company
D.It is waived for any applicant who holds a four-year college degree
Explanation: Minn. Stat. 60K.36, subd. 4 states that the program of studies must not include a course sponsored by, offered by, or affiliated with an insurance company or its producers, although a bona fide professional association of producers not acting for an insurer may offer courses. The study may be classroom instruction, verifiable self-study, or a combination. The degree exemption in subdivision 4a is narrow: it reaches a two-year Minnesota vocational degree in insurance or a four-year business degree with an insurance emphasis, not any college degree.
10The Minnesota Department of Commerce is located in which city?
A.Minneapolis
B.St. Paul
C.Rochester
D.Duluth
Explanation: The Minnesota Department of Commerce is headquartered in St. Paul, the state capital. The address is 85 7th Place E., Suite 280, St. Paul, MN 55101-2198. The Licensing Unit can be reached at 651-539-1599 for questions about producer licensing and examination requirements.

About the MN Property & Casualty Exam

Minnesota's Property & Casualty producer exam combines national insurance content with Minnesota-specific regulation through the Department of Commerce, producer licensing requirements, homeowners and commercial property, auto insurance (30/60/10 minimums with mandatory no-fault PIP), workers compensation, general liability, and ethics requirements.

Exam sponsor: Minnesota Department of Commerce / PSI Services LLC. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Questions

130 questions

Time Limit

3 hours

Passing Score

70%

Exam / Certification Fees

$45 per attempt (PSI)

Exam sponsor website

Reported exam pass rate: Not published. Neither Commerce nor PSI publishes Minnesota pass rates Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

16.9%

Property: Types of Policies

Dwelling, homeowners, commercial property, inland marine, flood and other property forms; 22 of 130 scored items. (22 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

11.5%

Property: Insurance Terms and Related Concepts

Property insurance vocabulary, valuation, hazards and perils; 15 items. (15 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

10.0%

Property: Policy Provisions and Contract Law

Declarations, conditions, coinsurance, other-insurance and contract principles; 13 items. (13 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

17.7%

Casualty: Types of Policies, Bonds and Related Terms

Auto, CGL, workers' compensation, umbrella, crime and surety; 23 items. (23 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

11.5%

Casualty: Insurance Terms and Related Concepts

Liability concepts, negligence, damages and defenses; 15 items. (15 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

9.2%

Casualty: Policy Provisions

Liability policy conditions, limits and exclusions; 12 items. (12 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

15.4%

Minnesota Statutes and Regulations: Common to All Lines

Licensing (Chapter 60K), unfair trade practices (72A), Department of Commerce authority; 20 items. (20 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

3.8%

Minnesota Statutes and Regulations: Property

FAIR Plan, cancellation and nonrenewal rules for property lines; 5 items. (5 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

3.8%

Minnesota Statutes and Regulations: Casualty

No-fault (65B) minimums, UM/UIM, cancellation rules for auto; 5 items. (5 of 130 scored items, PSI Minnesota Property & Casualty Producer content outline, proctor2.psionline.com/media/programs/MNINS/PropertyCasualty.pdf)

Preparing for the MN Property & Casualty Exam

What You Need to Know

  • Passing score: 70%
  • Exam length: 130 questions
  • Time limit: 3 hours
  • Exam / certification fees: $45 per attempt (PSI) Official sources

Using Our Practice Resources

  • Work through all 571 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

MN Property & Casualty: Suggested Study Strategy

1Memorize Minnesota's auto insurance minimums (30/60/10) and understand the mandatory no-fault PIP system
2Study the Minnesota Department of Commerce's role as the primary insurance regulator and producer licensing authority
3Understand Minnesota's continuing education requirements: 24 hours biennially with 3 hours of ethics
4Review workers compensation requirements — Minnesota requires employers to carry coverage
5Learn about the Minnesota FAIR Plan and how it provides coverage for hard-to-place property risks
6Focus on the no-fault auto system: PIP benefits, thresholds for tort claims, and how it differs from tort states

Frequently Asked Questions

How many questions are on the Minnesota Property and Casualty exam?

Minnesota's Property & Casualty producer exam contains approximately 150 questions covering both national insurance content and Minnesota-specific regulations. The exam is administered by PSI.

How much time do you get for the Minnesota P&C exam?

The Minnesota Property & Casualty producer exam time limit is 180 minutes (2.5 hours). Candidates should pace themselves to complete all questions within the allotted time.

What are Minnesota's auto insurance minimum requirements?

Minnesota requires minimum auto liability coverage of 30/60/10, which means $30,000 bodily injury per person, $60,000 bodily injury per accident, and $10,000 property damage per accident. Minnesota is also a no-fault state requiring Personal Injury Protection (PIP) coverage.

What continuing education is required for Minnesota producers?

Minnesota producers must complete 24 hours of continuing education every 2 years, including at least 3 hours of ethics training. License renewal is biennial based on the producer's birth month.

What Minnesota-specific topics should I prioritize for the exam?

Focus on Department of Commerce regulations, Minnesota's no-fault auto system with mandatory PIP coverage, 30/60/10 auto liability minimums, the Minnesota FAIR Plan for hard-to-place property risks, workers compensation requirements, unfair trade practices, and consumer protection laws.