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Free Practice Questions for Missouri Surplus Lines

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ArticleFree Surplus Lines Insurance Practice Test by State 2026: 2,300+ Questions22 min read
Exam Review

Key Facts: Missouri Surplus Lines Exam

65-75%

First-Time Pass Rate

Industry Data

70%

Passing Score

Pearson VUE

~50

Exam Questions

Pearson VUE

1 hour

Exam Duration

Pearson VUE

$64

Exam Fee

Pearson VUE

P&C Required

Prerequisite

Missouri DCI

Missouri requires surplus lines brokers to pass a Pearson VUE exam covering E&S market operations, state-specific regulations, and the 5% surplus lines premium tax. Candidates must hold an active P&C license and demonstrate knowledge of diligent search requirements and insurer eligibility standards.

Sample Missouri Surplus Lines Practice Questions

Try these sample questions to review concepts for the Missouri Surplus Lines exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 130+ question experience with AI tutoring.

1What is a surplus lines broker in Missouri?
A.An agent who sells standard admitted insurance
B.A licensed intermediary who places coverage with non-admitted insurers when coverage is unavailable in the admitted market
C.A claims adjuster specializing in excess coverage
D.A reinsurance broker
Explanation: A surplus lines broker in Missouri is a specially licensed intermediary authorized to place insurance with non-admitted (surplus lines) insurers when the needed coverage cannot be obtained from admitted carriers in the state. This role requires a separate surplus lines license beyond the standard P&C license.
2What prerequisite license must a Missouri surplus lines broker hold?
A.Life insurance license
B.Health insurance license
C.Active Property & Casualty license
D.No prerequisite required
Explanation: Missouri requires surplus lines brokers to hold an active Property & Casualty (P&C) insurance license as a prerequisite. This ensures brokers have foundational knowledge of insurance principles before placing coverage in the non-admitted market.
3What is the passing score for the Missouri surplus lines broker exam?
A.60%
B.65%
C.70%
D.75%
Explanation: The Missouri surplus lines broker exam requires a minimum passing score of 70%. This is consistent with most state insurance licensing exams and ensures candidates demonstrate adequate knowledge of surplus lines markets, regulations, and practices.
4Which testing vendor administers the Missouri surplus lines broker exam?
A.Prometric
B.PSI
C.Pearson VUE
D.Castle Worldwide
Explanation: Pearson VUE administers the Missouri surplus lines broker licensing exam (exam code 82). Candidates must register through Pearson VUE to schedule their exam at an authorized testing center. The exam fee is $22 per the Missouri Insurance Candidate Handbook.
5What is a 'diligent search' in the context of Missouri surplus lines?
A.A background check on the insured
B.A documented effort to obtain coverage from admitted insurers before placing with a non-admitted carrier
C.A search for the cheapest premium available
D.An investigation into claims history
Explanation: A diligent search requires the surplus lines broker to make a good-faith effort to place coverage with admitted insurers before approaching the surplus lines market. Missouri law mandates this search to protect consumers and ensure the surplus lines market is used only when the admitted market cannot provide coverage.
6Under Missouri law, when is an admitted market deemed unavailable for surplus lines placement?
A.After any single admitted insurer declines the risk
B.After contacting three admitted insurers regardless of appointment status
C.After due diligence shows coverage cannot be obtained from appointed admitted insurers and from admitted insurers to whom the producer has reasonable access
D.After the insured signs a surplus lines disclosure form
Explanation: RSMo 384.017 and 20 CSR 200-6.500 require due diligence with admitted insurers appointing the surplus lines licensee or producing agent and with other admitted insurers to whom they have reasonable access during the normal course of business. Missouri does not set a fixed minimum number of declinations.
7What is the Missouri Department of Commerce and Insurance (DCI) responsible for regarding surplus lines?
A.Setting premium rates for surplus lines policies
B.Regulating and overseeing surplus lines brokers and ensuring compliance with state laws
C.Directly insuring risks that cannot be placed in the admitted market
D.Providing reinsurance to surplus lines carriers
Explanation: The Missouri Department of Commerce and Insurance (DCI) is the regulatory body that oversees surplus lines broker licensing, ensures compliance with state surplus lines laws, maintains the list of eligible non-admitted insurers, and enforces reporting and tax requirements.
8What is the surplus lines premium tax rate in Missouri?
A.2%
B.3%
C.5%
D.8%
Explanation: Missouri imposes a 5% premium tax on surplus lines transactions. The surplus lines broker is responsible for collecting this tax from the insured and remitting it to the Missouri Department of Commerce and Insurance. This tax replaces the premium tax that admitted insurers pay directly.
9Who is responsible for collecting and remitting surplus lines taxes in Missouri?
A.The insured
B.The non-admitted insurer
C.The surplus lines broker
D.The Missouri DCI
Explanation: In Missouri, the surplus lines broker is responsible for collecting the surplus lines premium tax from the insured and remitting it to the state. The broker must file tax returns and maintain accurate records of all surplus lines transactions for regulatory compliance.
10What is an 'eligible surplus lines insurer' in Missouri?
A.Any insurer licensed in Missouri
B.A non-admitted insurer that meets Missouri's financial and regulatory requirements to write surplus lines business
C.Any Lloyd's syndicate
D.Any reinsurer
Explanation: An eligible surplus lines insurer is a non-admitted carrier that meets Missouri's financial requirements, including minimum capital and surplus thresholds. These insurers appear on the state's approved list and are permitted to accept surplus lines placements from licensed brokers.

About the Missouri Surplus Lines Exam

The Missouri surplus lines broker exam covers surplus lines markets, Missouri DCI regulations, diligent search requirements, non-admitted insurer eligibility, surplus lines taxation, NRRA provisions, and compliance obligations for brokers placing coverage with non-admitted carriers.

Exam sponsor: Pearson VUE. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Questions

50 questions

Time Limit

1 hour

Passing Score

70%

Exam / Certification Fees

$64

Exam sponsor website

Reported exam pass rate: 65-75%. first-attempt pass rate This describes exam candidates, not OpenExamPrep users or results from using our resources. 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.

30%

Surplus Lines Markets

Lloyd's of London, London market, alien insurers, wholesale brokers, MGAs, market cycles, and E&S industry structure

25%

Missouri Surplus Lines Law

Missouri DCI regulations, licensing requirements, P&C prerequisite, disclosure obligations, broker duties, and penalties

20%

Diligent Search & Eligibility

Diligent search process, declination documentation, eligible insurer financial requirements, export lists, exempt commercial purchasers

25%

Taxation & Compliance

Missouri 5% premium tax, annual filing deadlines, NRRA home-state taxation, recordkeeping, and multi-state compliance

Preparing for the Missouri Surplus Lines Exam

What You Need to Know

  • Passing score: 70%
  • Exam length: 50 questions
  • Time limit: 1 hour
  • Exam / certification fees: $64 Official sources

Using Our Practice Resources

  • Work through all 130 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

Missouri Surplus Lines: Suggested Study Strategy

1Master the diligent search process and documentation requirements specific to Missouri
2Know Missouri's 5% surplus lines premium tax rate and March 1 annual filing deadline
3Understand the structure of Lloyd's of London, syndicates, and the London market
4Study the NRRA home-state taxation provisions and how they affect multi-state placements
5Learn the financial requirements for non-admitted insurers to be eligible in Missouri
6Review the Missouri guaranty fund exclusion and required disclosure to insureds

Frequently Asked Questions

What does the Missouri surplus lines broker exam cover?

The exam covers surplus lines markets, Missouri DCI regulations, diligent search requirements, non-admitted insurer eligibility, the 5% premium tax, NRRA provisions, and broker compliance obligations.

What license do I need before taking the Missouri surplus lines exam?

You must hold an active Missouri Property & Casualty (P&C) insurance license before applying for the surplus lines broker license.

What is the passing score for the Missouri surplus lines exam?

You need a score of 70% or higher to pass the Missouri surplus lines broker exam administered by Pearson VUE.

How much does the Missouri surplus lines exam cost?

The exam fee is approximately $64, paid to Pearson VUE when scheduling. Additional licensing application fees apply separately through Missouri DCI.

What is the surplus lines premium tax rate in Missouri?

Missouri imposes a 5% premium tax on surplus lines transactions. The broker collects this from the insured and remits it to the state annually by March 1.

How long do I have to complete the Missouri surplus lines exam?

You have approximately 1 hour to complete the exam, which includes approximately 50 scored questions plus pretest questions that do not count toward your score.