Minnesota Property & Casualty Insurance License Practice Exam
130 questions (general + Minnesota state sections), 70% to pass. 20 hours pre-licensing required. PSI fingerprinting on exam day ($63.75). No-fault auto state 30/60/10 + PIP.
Minnesota Property & Casualty — Study by Topic
Drill Minnesota state law (~35 items, ~27% of exam) or practice general P&C concepts. Full 130-question timed exam available. No-fault state + 30/60/10 + PIP.
Property Insurance
Homeowners (HO-3/HO-5), dwelling, commercial property, NFIP flood, inland marine, ACV vs. replacement cost, coinsurance.
Casualty & Liability
Auto, CGL, WC, umbrella, bonds, commercial auto BAP symbols, professional liability, MN no-fault/PIP.
Minnesota State Law
DOC, PSI, 20-hr pre-licensing, lifetime certificate, PSI fingerprinting $63.75, no-fault 30/60/10 + PIP, UM/UIM required, surplus lines $500 fee, P&C Guaranty Association.
P&C Concepts
Subrogation, indemnity, coinsurance, pro rata/short-rate, insurable interest at loss, certificate of insurance, waiver/estoppel.
🌟 Full MN P&C Exam
130-question timed exam simulating the PSI Minnesota P&C exam. 2.5 hours. Single combined 70% to pass. No-fault state: 30/60/10 + PIP.
About the Minnesota Property & Casualty Insurance License Exam
To get your Minnesota Property & Casualty insurance license, you must pass the state licensing exam administered by PSI Services LLC with a passing score of 70%. Exam fee: $65. Minnesota is regulated by the Minnesota Department of Commerce (MN DOC) under Minnesota Statutes Chapter 60A–65B. Visit mn.gov/commerce for official licensing information. No pre-licensing required; lifetime pre-licensing certificate validity; 3-year score validity; 25/50/25 auto; Minnesota no-fault (mandatory PIP); Minnesota Assigned Risk Plan; Commissioner appointed; PSI Bridge; Minnesota Insurance Guaranty Association §60C.
Pre-licensing education in Minnesota: None required. Continuing education: 24 hours + 3 ethics biennial. License renewal fee: $50/line biennial. CE must be completed before submitting your Minnesota renewal application. How to get licensed in Minnesota: complete pre-licensing → submit background check/fingerprinting → pass PSI Services LLC exam → apply for Minnesota producer license.
How to get a Minnesota Property & Casualty insurance license in 2026: The Minnesota Department of Commerce (MN DOC) (mn.gov/commerce) administers all producer licensing in Minnesota. Exam: PSI Services LLC, $65, 70%. Pre-licensing: None required. Once licensed, maintain your Minnesota Property & Casualty license by completing 24 hours + 3 ethics biennial and paying the $50/line biennial renewal. For questions contact the Minnesota Department of Commerce (MN DOC).
MN DOC (mn.gov/commerce). MN Statutes Chapter 65B (auto). No pre-licensing. No-fault auto state ($40,000 basic PIP). 25/50/25 auto minimums. Minnesota Assigned Risk Plan. 3-year score validity. PSI Bridge. MN Insurance Guaranty Association §60C.
Frequently Asked Questions — Minnesota P&C Exam
How do I get a Minnesota Property & Casualty insurance license?
To become a licensed Property & Casualty producer in Minnesota: (1) Complete any required pre-licensing education (None required); (2) Submit your application and complete the background check/fingerprinting process; (3) Pass the PSI Services LLC exam ($65, 70%); (4) Apply for your Minnesota producer license. The Minnesota Department of Commerce (MN DOC) (mn.gov/commerce) oversees all insurance producer licensing in Minnesota.
What exam does Minnesota use for Property & Casualty insurance licensing?
Minnesota uses PSI Services LLC to administer the Property & Casualty insurance licensing exam. Fee: $65. Passing score: 70%. No pre-licensing required; lifetime pre-licensing certificate validity; 3-year score validity; 25/50/25 auto; Minnesota no-fault (mandatory PIP); Minnesota Assigned Risk Plan; Commissioner appointed; PSI Bridge; Minnesota Insurance Guaranty Association §60C.
Does Minnesota require pre-licensing for Property & Casualty insurance?
None required. For official pre-licensing provider information, visit mn.gov/commerce.
What are Minnesota's CE requirements for Property & Casualty producers?
Minnesota requires: 24 hours + 3 ethics biennial. Renewal fee: $50/line biennial. CE must be completed before submitting the renewal application. Contact the Minnesota Department of Commerce (MN DOC) at mn.gov/commerce for CE provider information.
What makes Minnesota unique for Property & Casualty insurance licensing?
No pre-licensing required; lifetime pre-licensing certificate validity; 3-year score validity; 25/50/25 auto; Minnesota no-fault (mandatory PIP); Minnesota Assigned Risk Plan; Commissioner appointed; PSI Bridge; Minnesota Insurance Guaranty Association §60C.
Practice Exam Questions — Minnesota Property & Casualty
5 state-specific questions drawn from the Minnesota exam content outline. Correct answer highlighted in green.
Minnesota auto insurance is:
- Pure at-fault (tort) state
- No-fault state — Minnesota requires mandatory PIP ($40,000 basic economic loss benefits); 25/50/25 minimums; UM/UIM required; MN Statutes Chapter 65B
- Choice no-fault (like Kentucky)
- Modified no-fault with $10,000 PIP threshold
The Minnesota Insurance Guaranty Association (MIGA) is governed by:
- MN Statutes §61B (L&H Guaranty)
- MN Statutes §60C — MIGA protects MN P&C policyholders when an admitted P&C member insurer becomes insolvent; surplus lines NOT covered
- MN Statutes §65B (No-Fault Auto)
- MN Statutes §60A (general insurance)
Minnesota Workers' Compensation is:
- Monopolistic — administered through the State Fund only
- Competitive — employers purchase WC from licensed private carriers or self-insure; MWCARP (Minnesota WC Assigned Risk Plan) for high-risk employers; MN Department of Labor and Industry administers
- Optional for employers with fewer than 5 employees
- Administered exclusively by MN DOC
Minnesota's no-fault auto $40,000 basic economic loss benefit compared to other portfolio no-fault states:
- All no-fault states in the portfolio have the same $40,000 PIP
- NJ: $250,000 (highest); MI: up to unlimited; MN: $40,000 BEL; FL: $10,000; KY: $10,000 BRB; UT: $3,000; Minnesota is mid-range among portfolio no-fault states
- Minnesota has the lowest PIP of any portfolio no-fault state
- Minnesota has the highest PIP of any portfolio no-fault state
Minnesota's primary P&C statute is:
- MN Statutes Chapter 72A — Insurance only
- Minnesota Statutes Chapters 60A-65B — covering P&C producer licensing, guaranty fund (60C), auto no-fault (65B), rate regulation; MN DOC at mn.gov/commerce; Commissioner appointed
- Minnesota Administrative Rules Chapter 2780
- MN Statutes Chapter 45 — Commerce Department only