200+ Free MT Property & Casualty Practice Questions

Pass your Montana Property & Casualty Insurance Exam exam on the first try — instant access, no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately

Not published Pass Rate

200+ Questions

100% Free

1 / 10

Question 1

Score: 0/0

Which state agency has primary regulatory authority over property and casualty insurance companies and producers in Montana?

Montana Department of Financial Institutions

Montana State Auditor's Office, Securities and Insurance Bureau

Montana Department of Commerce

Montana Attorney General's Office

to track

2026 Statistics

Key Facts: MT Property & Casualty Exam

150

Exam Questions

Montana State Auditor / PSI exam outline

150 min

Exam Time

Montana PSI exam outline

70%

Passing Score

Montana producer exam standard

$65

Exam Fee

Montana State Auditor PSI registration

25/50/20

MT Auto Minimums

Montana financial responsibility law

45 days

Cancellation Notice

Montana Code Title 33-23-3

24 hrs

CE per 2 Years

Montana producer CE requirement

Montana administers its Property & Casualty producer exam through PSI Services LLC with approximately 150 questions in 150 minutes and a 70% passing standard. The exam covers national P&C concepts plus Montana law including State Auditor regulation, producer licensing and CE requirements (24 hours biennially with 3 hours ethics), 45-day cancellation notice requirements, wildfire risk considerations, and 25/50/20 auto liability minimums. Montana requires virtually all employers to carry workers compensation insurance.

Sample MT Property & Casualty Practice Questions

Try these sample questions to test your MT Property & Casualty exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.

1Which state agency has primary regulatory authority over property and casualty insurance companies and producers in Montana?

A.Montana Department of Financial Institutions

B.Montana State Auditor's Office, Securities and Insurance Bureau

C.Montana Department of Commerce

D.Montana Attorney General's Office

Explanation: The Montana State Auditor's Office, through its Securities and Insurance Bureau, is the primary regulator of all insurance companies and insurance producers in Montana, including property and casualty lines. The State Auditor is an elected constitutional officer who oversees both insurance and securities regulation in Montana.

2How many continuing education hours must a Montana property and casualty insurance producer complete every 2 years?

A.10 hours

B.16 hours

C.24 hours

D.30 hours

Explanation: Montana requires property and casualty insurance producers to complete 24 hours of continuing education every 2 years. This must include 3 hours of ethics and 1 hour covering changes in Montana insurance statutes and administrative rules. The remaining hours are elective content.

3What is the mandatory ethics continuing education requirement for Montana insurance producers?

A.1 hour of ethics training per renewal period

B.3 hours of ethics training per renewal period

C.5 hours of ethics training per renewal period

D.No specific ethics requirement exists

Explanation: Montana requires 3 hours of ethics continuing education as part of the 24-hour biennial requirement. Additionally, producers must complete 1 hour covering changes in Montana insurance statutes and administrative rules. These mandatory hours ensure producers stay current on ethical standards and state regulatory changes.

4When does a Montana insurance producer's license renewal cycle occur?

A.Annually on the license issuance date

B.Biennially on the first day of the producer's birth month

C.Every three years on December 31

D.Every two years on the last day of December

Explanation: Montana insurance producer licenses renew biennially (every 2 years) on the first day of the producer's birth month. Producers with odd-numbered birthdays renew in odd-numbered years, and those with even-numbered birthdays renew in even-numbered years. CE must be completed prior to license expiration.

5Under Montana law, what is the minimum age requirement to apply for an insurance producer license?

A.16 years old

B.18 years old

C.21 years old

D.25 years old

Explanation: Montana requires insurance producer license applicants to be at least 18 years old. This is consistent with the legal age for entering into contracts in Montana and aligns with most other states' requirements for insurance licensing.

6A Montana insurance producer wants to sell pet insurance. What additional requirement must they fulfill starting October 1, 2025?

A.Obtain a separate pet insurance license

B.Complete specialized training on pet insurance topics

C.Post a $50,000 surety bond

D.Register with the Montana Department of Agriculture

Explanation: Effective October 1, 2025, Montana requires producers selling pet insurance to complete specialized training covering preexisting conditions, waiting periods, differences between pet insurance and wellness programs, hereditary and congenital conditions, and rating/underwriting topics. This training must be renewed every 24 months.

7What happens if a Montana insurance producer's license lapses and is not reinstated within 12 months?

A.A late fee of $50 is assessed

B.The producer must complete double the CE hours

C.The producer must reapply as a new applicant

D.The license is automatically reinstated after a waiting period

Explanation: If a Montana insurance producer's license lapses, they have 12 months to reinstate it. After 12 months from the lapse date, the producer cannot reinstate and must reapply as a new applicant, which includes retaking any required examinations and meeting all current licensing requirements.

8How many hours of continuing education must a Montana limited line producer (credit, surety bail bonds, or prepaid legal) complete per renewal cycle?

A.5 hours

B.10 hours

C.15 hours

D.24 hours

Explanation: Montana limited line producers for credit life, credit disability, surety bail bonds, or prepaid legal insurance only need to complete 5 hours of CE per renewal cycle instead of the standard 24 hours. The reduced requirement recognizes the narrower scope of these specialized license types.

9What is the late renewal fee for a Montana insurance producer license?

A.$50

B.$100

C.$200

D.$500

Explanation: Montana charges a late renewal fee of $200 for insurance producer licenses that are renewed after the expiration date. Producers should complete their continuing education and submit renewal applications at least 90 days prior to expiration to avoid late fees and potential license lapses.

10Which entity administers the Montana Property and Casualty insurance licensing examination?

A.Montana State Auditor's Office directly

B.Prometric Testing Services

C.PSI Services LLC

D.Pearson VUE

Explanation: PSI Services LLC administers the Montana Property and Casualty insurance licensing examination. Candidates must register through PSI's testing system and take the exam at an authorized testing center. The exam covers both national insurance concepts and Montana-specific regulations.

About the MT Property & Casualty Exam

Montana's Property & Casualty producer exam combines national insurance content with Montana-specific regulation, producer licensing requirements, homeowners and commercial property, auto insurance (25/50/20 minimums), workers compensation, general liability, and ethics requirements.

Questions

150 scored questions

Time Limit

2 hours 30 minutes (150 minutes)

Passing Score

70%

Exam Fee

$65 (Montana State Auditor's Office / PSI Services LLC)

MT Property & Casualty Exam Content Outline

25%

Insurance Regulation

Montana State Auditor authority, producer licensing, continuing education (24 hours/2 years), appointment requirements, and unfair trade practices

10%

General Insurance Concepts

Risk management, contracts, agency authority, insurer classifications, and legal principles

15%

Property Insurance

Homeowners policies, dwelling fire forms, commercial property, farm and ranch coverage, Montana wildfire considerations, and loss valuation methods

20%

Casualty Insurance

Montana auto insurance (25/50/20 limits), general liability, workers compensation requirements, surplus lines, and commercial auto

15%

Policy Provisions

Policy structure, conditions, exclusions, endorsements, and claims handling requirements

15%

Ethics and Consumer Protection

Producer conduct, unfair practices, privacy protection, guaranty association, and consumer rights

How to Pass the MT Property & Casualty Exam

What You Need to Know

Passing score: 70%
Exam length: 150 questions
Time limit: 2 hours 30 minutes (150 minutes)
Exam fee: $65

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

MT Property & Casualty Study Tips from Top Performers

1Memorize Montana's auto insurance minimums (25/50/20) and the 45-day cancellation notice requirement for homeowner policies

2Study the Montana State Auditor's Office role as the primary insurance regulator, including producer licensing authority

3Understand Montana's continuing education requirements: 24 hours biennially with 3 hours ethics and 1 hour Montana statutes

4Review workers compensation requirements - Montana requires virtually all employers to carry coverage

5Learn about Montana's wildfire risk legislation (H 533) requiring transparency in how wildfire risk scores affect coverage and premiums

Frequently Asked Questions

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

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

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

The Montana Property & Casualty producer exam time limit is 150 minutes (2.5 hours). Candidates should pace themselves to complete all questions within the allotted time.

What are Montana's auto insurance minimum requirements?

Montana requires minimum auto liability coverage of 25/50/20, which means $25,000 bodily injury per person, $50,000 bodily injury per accident, and $20,000 property damage per accident. These are minimums; higher limits are recommended.

What continuing education is required for Montana producers?

Montana producers must complete 24 hours of continuing education every 2 years, including 3 hours of ethics and 1 hour covering changes in Montana insurance statutes and administrative rules. License renewal is biennial on the first day of the producer's birth month.

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

Focus on Montana State Auditor regulations, producer licensing and CE requirements, Montana's 45-day policy cancellation notice requirement, 25/50/20 auto liability minimums, workers compensation requirements, wildfire risk and coverage considerations, unfair trade practices, and consumer protection laws.