Minnesota Insurance Exam Guides
Pick the license you're studying for. Each guide covers Minnesota-specific requirements, fees, and official links — plus a free practice exam. Then scroll down to explore the Minnesota exam's state-law material, mapped.
Free study resource
What's actually tested on the Minnesota exam — the state regulations, mapped
Every Minnesota insurance exam reserves a block of questions for Minnesota-specific law — the fees, deadlines, limits, and rules that generic national study guides gloss over. This is that material: 134 facts from the TESTivity Minnesota regulations curriculum, organized the way we teach them. Open a branch, explore, and let the structure do some of the remembering for you.
Every fact below carries its source citation and the date we last verified it (most recently August 2026) — and is re-checked on a schedule. Facts marked tested are ones you should expect to see on the exam.
Life 13 facts
The life insurance rules that differ by state — free look, grace, reinstatement.
- Incontestability period testedIncontestable after it has been in force DURING THE LIFETIME OF THE INSURED for 2 years from its date - with TWO statutory exceptions, not one: nonpayment of premiums, and violations of the conditions of the policy relating to naval and military services in time of war. Total-and-permanent-disability and accidental-death provisions may also be excepted at the company's option.
- Grace period for individual life testedA one month grace period - Minnesota states the period in MONTHS, not as a day count, so a period beginning February 1 is not 30 days
- Window to reinstate a lapsed policy testedWithin 3 years of default, on evidence of insurability and payment of overdue premiums with interest
- Suicide exclusion period testedA suicide-exclusion period may be no longer than 1 YEAR from issue — and if a claim is denied for suicide within that year, the insurer must REFUND all premiums paid for the denied benefit
- Free look for individual life tested10 days for individual life, from delivery
- Free look for annuities tested10 days for annuities. But note the carve-out: a VARIABLE ANNUITY contract issued under Minn. Stat. 61A.13 to 61A.21 does not get the ordinary 'entire consideration' refund - it gets the unallocated premium plus the contract's cash value, or its reserve where there is no cash value, measured on the date the returned contract is received. Variable LIFE is not carved out.
- Free look when a policy is being replaced tested30 days when a life policy or annuity is being replaced — an unconditional refund of all premiums
- Free look for long-term care tested30 days for long-term care, from policy delivery
- Required nonforfeiture options testedCash surrender value plus a paid-up nonforfeiture benefit (reduced paid-up insurance or extended term insurance), under the Standard Nonforfeiture Law
- Registrations required to sell variable products testedVariable life and variable annuities require the Life line plus Minnesota's Variable Life and Variable Annuity line and a FINRA Series 6 or 7 with active registration (they are securities)
- Does the state regulate viatical/life settlements? testedYes — Minnesota regulates viatical and life settlements; providers and brokers must be licensed
- Viator's rescission window testedThe viator may rescind for the earlier of 30 days after the contract is executed or 15 days after the proceeds are received
- Has the state adopted the NAIC best interest standard? testedYES — Minnesota adopted the NAIC 2020 best interest standard (Minn. Stat. 72A.2032), effective January 1, 2023 (Minnesota-specific forms required from July 1, 2023), with a producer duty of care and annuity training
Health 15 facts
Health coverage rules — continuation, prompt pay, mandates, public programs.
- Has the state expanded Medicaid under the ACA? testedYES — Minnesota expanded Medicaid (its program is Medical Assistance) under the ACA to adults up to 138% of the federal poverty level
- Effective date of expansion, if expanded testedMinnesota was an early expansion state (Medical Assistance early opt-in March 1, 2011), with full ACA expansion to 138% FPL on January 1, 2014
- Agency administering Medicaid testedThe Minnesota Department of Human Services (DHS)
- Federal marketplace or state-based exchange testedA STATE-BASED exchange — MNsure (created under Minn. Stat. ch. 62V) — not the federal HealthCare.gov
- Name of the state CHIP program testedMinnesota's CHIP is a Medicaid-expansion CHIP funding Medical Assistance for children; MinnesotaCare (a separate Basic Health Program under the ACA) covers many low-income residents above Medicaid levels
- Clean-claim payment deadline, electronic tested30 calendar days after receipt of a clean claim (Minnesota applies a single 30-day standard to electronic and paper)
- Clean-claim payment deadline, paper tested30 calendar days — the same clean-claim deadline applies to paper and electronic claims
- Does the state distinguish electronic vs paper claims? testedNo split — a single 30-day clean-claim deadline for both paper and electronic claims
- Interest / penalty on late claim payment tested1.5% per month on a clean claim not paid within 30 calendar days, payable no less frequently than quarterly - all of it inside subd. 2, not subd. 3 (subd. 3 is the provider's own six-month claims-filing deadline).
- Is the IRO's external review decision binding on the plan? testedYES — the independent external review decision BINDS the health plan (the enrollee is not bound, and the plan may seek court review only if the decision was arbitrary and capricious). Request within 6 months; decision in 45 days (72 hours expedited).
- Employer size at which federal COBRA applies testedFederal COBRA applies at 20+ employees; Minnesota state continuation applies regardless of employer size, so it also covers smaller groups
- Employer size range covered by state continuation testedMinnesota state continuation applies to group coverage REGARDLESS of employer size — so it fills the sub-20-employee gap that federal COBRA leaves
- Duration of state continuation coverage testedUp to 18 months (longer for certain events under federal COBRA rules)
- Election period for state continuation tested60 days to elect - and the 60 days runs from the LATER of the termination or the employee's receipt of the employer's notice, so a late employer notice moves the deadline rather than destroying the right. The employer must give that notice within 14 days.
- Max premium as % of group rate testedUp to 102% of the group cost
Auto 17 facts
Auto insurance — minimum limits, fault system, required coverages.
- Fault-based (tort) or no-fault testedNO-FAULT - the Minnesota No-Fault Automobile Insurance Act requires PIP basic economic loss benefits paid regardless of fault, and bars a tort action for pain and suffering unless a threshold is crossed. But note the definitional trap: a MOTORCYCLE is not a 'motor vehicle' under the Act, so it carries liability coverage only and no compulsory PIP.
- Minimum bodily injury liability per person tested$30,000
- Minimum bodily injury liability per occurrence tested$60,000
- Minimum property damage liability tested$10,000
- The memorizable shorthand (e.g. 30/60/25) tested30/60/10, plus mandatory PIP ($40,000 per person) and mandatory uninsured- AND underinsured-motorist coverage at 25/50 each
- Uninsured motorist: mandatory / must be offered & rejectable / not required testedMANDATORY — uninsured-motorist coverage is compulsory at $25,000 per person / $50,000 per accident
- Underinsured motorist status testedMANDATORY as a SEPARATE coverage at $25,000 per person / $50,000 per accident - there is no rejection option. And Minnesota measures it as a DIFFERENCE OF DAMAGES, not a difference of limits: UIM pays the shortfall between the injured person's actual damages and what the tortfeasor's liability coverage paid, which is not how most states compute it.
- Personal injury protection status testedMANDATORY PIP - a minimum of $40,000 per person split into TWO NON-FUNGIBLE buckets: $20,000 for medical expense loss, and a separate $20,000 shared among income loss, replacement services loss, funeral expense loss, survivor's economic loss and survivor's replacement services loss. Unused medical does NOT migrate to the income side. $32,000 of medical plus $6,000 of wage loss pays $26,000, not $38,000.
- Contributory / pure comparative / modified comparative negligence testedModified comparative negligence — a claimant recovers only if their fault is NOT GREATER THAN the person they are claiming against, so a claimant more than 50% at fault (51% or more) recovers nothing; the award is reduced by the claimant's share
- The bar percentage, if modified comparative tested51% bar — a claimant whose fault is greater than the party they claim against recovers nothing
- Assigned risk / residual market plan for auto testedThe Minnesota Automobile Insurance Plan (the assigned-risk plan)
- Any alternative to buying liability insurance (e.g. VA's UMV fee) testedSelf-insurance is permitted for qualifying fleets/owners on application to the Commissioner; otherwise coverage is compulsory
- The threshold to sue for pain and suffering testedA FORMULA, not a bill total. The tort action is barred unless the injury results in death, permanent disfigurement, permanent injury, disability for 60 days or more, or medical expense EXCEEDING $4,000 - and that $4,000 figure is computed by SUBTRACTING diagnostic x-rays and non-remedial rehabilitative treatment, while ADDING the reasonable value of nursing care furnished without charge by a family member. 'Exceeds' means exactly $4,000 does not clear it.
- The weekly and per-item caps inside the PIP package testedIncome loss is 85% of lost gross income subject to a maximum of $500 per week. Replacement services loss is capped at $200 per week and excludes the date of injury and the following seven days. Funeral and burial is reasonable expenses not exceeding $5,000. Survivors economic loss is $500 per week and only where death occurs within one year of the accident; survivors replacement services $200 per week. The statute forecloses the workaround in its own words: 'The weekly maximums may not be prorated to arrive at a daily maximum, even if the injured person does not incur loss of income for a full week.'
- Whose PIP pays first testedPERSON-FIRST is the general rule - the security under which the injured person is insured (subd. 4(a)). But it FLIPS to VEHICLE-FIRST in three named situations: a vehicle used in the business of transporting persons or property (subd. 1), an employer-furnished vehicle (subd. 2), and a bystander struck by one of those vehicles who is not occupying another involved motor vehicle (subd. 3).
- Two anti-stacking rules of different strength testedPIP limits for two or more vehicles may not be added together UNLESS THE POLICYHOLDER MAKES A SPECIFIC ELECTION (65B.47, subd. 7) - so PIP stacking is opt-out-able. UM and UIM stacking is barred absolutely: 'in no event' (65B.49, subd. 3a(6)). Same topic, two different strengths, one section apart.
- Interest on overdue no-fault benefits testedOverdue basic economic loss benefits bear 15 percent SIMPLE interest. Do not confuse it with the health-claim rate: a late clean health claim runs at 1.5 percent PER MONTH under a different chapter.
CE & Renewal 10 facts
Continuing education and renewal rules — the numbers the exam loves.
- How long a license lasts before renewal testedThe licence expires on the LAST DAY OF THE PRODUCER'S BIRTH MONTH, on a term set to run at least 12 and no more than 24 months - so the steady state is biennial but the first term is stretched or trimmed to land on the birth month. The October 31 fixed expiry survives in the statute only for licences issued before August 1, 2010.
- What the renewal date keys off (flat term / birthday / birth year) testedBirthday-based — the license expires on the last day of the licensee's birth month every 2 years (you may renew up to 90 days early)
- CE hours per renewal period, standard case tested24 credit hours each licensing period, including 3 hours of ethics - and a Minnesota-specific split on top: AT LEAST 12 OF THE 24 must not be sponsored by, offered by, or affiliated with an insurance company or its agents. A maximum of 8 hours may be credited in any single day, and a course may not be repeated for credit within the same licensing period.
- CE hours if holding multiple license types (if different) tested24 total each period — the requirement is per person, not multiplied by the number of lines held
- Ethics hours required per period tested3 hours of ethics each period
- Limits on who may provide CE credits testedCourses and providers must be approved by the Commissioner of Commerce; no more than half of the hours may come from insurer-affiliated courses
- Initial long-term care training requirement tested8 hours of initial long-term care training plus 4 hours of ongoing training every 24 months (the producer must hold an Accident & Health or Life line)
- What happens if CE is not completed (fine / expiry / cancellation) testedA producer who has not completed CE cannot renew and may not act under the license until compliant; the Commissioner may grant a good-cause waiver or extension of up to 90 days
- Late renewal / reinstatement tiers testedReinstate within 12 months of the renewal due date without re-examination, by paying a penalty equal to TWICE THE UNPAID RENEWAL FEE. Past 12 months the producer must reapply, with potential retesting and re-fingerprinting. Business entities cannot reinstate at all - they must reapply regardless of the window.
- Any CE exemption (e.g. long-service agents) testedProducers soliciting or selling SOLELY on behalf of companies organized and operating under chapter 67A (township mutuals) are exempt from the CE section entirely.
Property 13 facts
Property insurance — rate regulation, residual markets, catastrophe exposure.
- Rate regulation system (file-and-use / prior approval / use-and-file) testedCOMPETITIVE (file-and-use) — insurers file rates on or before their effective date, and rates take effect on filing; the Commissioner may act if a rate is excessive, inadequate, or unfairly discriminatory (a hearing may follow a 25%+ increase in 12 months)
- Is insurance credit scoring permitted in personal lines? testedPERMITTED but RESTRICTED — an insurer may not use a credit score as the SOLE basis to reject, cancel, or nonrenew private passenger auto or homeowners coverage; other factors must be considered
- Does the state have a FAIR Plan? testedYES — the Minnesota FAIR Plan, the state's insurer of last resort for basic property coverage
- Name of the FAIR Plan, if any testedThe Minnesota FAIR Plan
- Dominant catastrophe perils in the state testedHail, tornadoes and straight-line wind, severe thunderstorms, and winter storms and ice — an inland, non-hurricane, non-earthquake exposure (Minnesota is among the most hail-prone states)
- What license you must already hold to write surplus lines testedA surplus lines license, which requires holding the underlying Property & Casualty producer authority
- Is a diligent-effort search of the admitted market required first? testedYes — a diligent search of the admitted market first. Coverage is presumed available (and may not be exported) if it is readily available from three or more authorized insurers
- Does the state mandate a standard fire policy form? testedYES - the Minnesota standard fire insurance policy. No policy of fire insurance may be made, issued or delivered on property in the state unless it provides the specified coverage and conforms as to all provisions, stipulations and conditions with that form. A package policy combining fire with other perils may deviate from the exact language provided it affords the insured all the rights and benefits of the standard form with respect to the peril of fire - so substance controls, not wording.
- The numbers printed inside the standard fire policy testedSworn proof of loss within 60 days. Each side selects a competent and disinterested appraiser and notifies the other within 20 days. An umpire is appointed on failing for 15 days to agree. Loss is payable 60 days after proof of loss is received. Suit must be commenced within TWO YEARS after inception of the loss. The mortgage clause expressly names the CONTRACT FOR DEED VENDOR alongside the mortgagee - a Minnesota conveyancing artifact absent from the national form.
- The concealment and fraud clause, and its asymmetry testedThe policy is void if, WHETHER BEFORE A LOSS THE INSURED HAS WILLFULLY, OR AFTER A LOSS THE INSURED HAS WILLFULLY AND WITH INTENT TO DEFRAUD, concealed or misrepresented any material fact. Pre-loss requires only 'willfully'; post-loss requires 'willfully AND with intent to defraud'. Two different standards in one sentence.
- Does the state have a valued policy law? testedYES - on a total loss the insurer shall pay the whole amount mentioned in the policy on which it received a premium, absent intentional fraud by the insured and absent a risk-increasing change made without the insurer's consent - and the BURDEN OF PROOF of any such change is expressly on the INSURER.
- Is coinsurance imposed or elected? testedOPT-IN, and this inverts the national worked example. A fire policy may contain a coinsurance clause ONLY IF THE INSURED REQUESTS IT IN WRITING, in exchange for a reduction in premium, and actual cash value at the time of loss governs the calculation. Most states teach coinsurance as an insurer-imposed standard condition.
- Any limit on how much property insurance may be written? testedNo company may knowingly issue a policy for an amount which, together with existing insurance, exceeds the REPLACEMENT COST of the buildings and improvements. Willful violation forfeits to the state double the premium collected, paid to the school fund - a forfeiture to the state, not restitution to the insured. Separately, no policy on Minnesota property may run longer than five years.
Guaranty 12 facts
The safety nets when an insurer fails — and their limits.
- Name of the life & health guaranty association testedThe Minnesota Life and Health Insurance Guaranty Association
- Life death benefit limit tested$500,000
- Life cash surrender / withdrawal value limit tested$130,000 net cash surrender and net cash withdrawal value
- Annuity benefit limit tested$250,000 present value of annuity benefits ($410,000 for structured settlement annuities)
- Health benefit limit tested$500,000 for health, long-term care, and disability income insurance
- Aggregate per-individual cap, if any tested$500,000 aggregate per individual life, across all coverages
- Does the state follow the standard NAIC model limits? testedHigher than the older NAIC model — Minnesota adopted the enhanced limits ($500,000 death benefit, $130,000 cash value, $500,000 aggregate) rather than the $300,000/$100,000/$300,000 figures many states use
- Name of the P&C guaranty association testedThe Minnesota Insurance Guaranty Association (MIGA)
- Per-claim cap tested$300,000 per covered claim (plus up to $300,000 unearned premium), with a $10,000,000 aggregate per insured per insolvency; workers' compensation claims are not subject to the $300,000 cap
- Is using the guaranty association as a sales inducement prohibited? testedYes — using the existence of the guaranty association to sell, solicit, or induce the purchase of insurance is prohibited (the required disclosure notice is the only permitted reference)
- The same $300,000 doing two opposite jobs testedMinn. Stat. 60C.09, subd. 3 makes $300,000 the MAXIMUM the association pays on a covered claim - 'limited to no more than $300,000', an up-to construction, so a claim of exactly $300,000 is fully paid. Minn. Stat. 60C.09, subd. 2(4) makes the SAME figure an EXCLUSION: any claim under a policy with a deductible or self-insured retention of '$300,000 or more' is not covered at all. A $450,000 claim on a $250,000 deductible pays $300,000; move the deductible to $300,000 and it pays nothing. Always cite the subdivision.
- The aggregate ceiling and how it is counted tested$10,000,000 in the aggregate to or on behalf of an insured AND ITS AFFILIATES arising under the policies of any one insolvent insurer - and the count includes payments made by OTHER STATES' guaranty associations, not just Minnesota's. Workers' compensation benefits are outside the ceiling. The net-worth exclusion bites at over $25,000,000 measured on December 31 of the prior year.
Workers Comp 7 facts
Who must carry workers' compensation and what it pays.
- Is workers' compensation mandatory for private employers? testedYes — essentially every employer must provide workers' compensation coverage
- Employee count at which coverage is required testedCoverage is required of essentially all employers from the first employee — Minnesota has NO numeric employee minimum (limited exceptions exist, e.g. certain family farm and casual labor)
- Agency administering workers' compensation testedThe Minnesota Department of Labor and Industry (Workers' Compensation Division); self-insurance is approved through the Department of Commerce
- Temporary total disability wage replacement rate testedTemporary total disability: 66 2/3% of the worker's average weekly wage, capped at 108% of the statewide average weekly wage (adjusted each October 1)
- Maximum TTD duration testedUp to 130 weeks of temporary total disability
- Deadline to file a claim testedFile a claim within 3 years of a written report of injury to the Department, but no more than 6 years from the date of the injury
- Ways an employer may comply (insure / self-insure / group) testedBuy a policy from a licensed carrier, or qualify as an approved self-insurer (individual or group, approved by the Department of Commerce)
Regulator 10 facts
Who regulates insurance here and what powers the office holds.
- Name of the state insurance regulator testedThe Minnesota Department of Commerce
- Title of the person who heads it testedCommissioner of Commerce
- How the commissioner is chosen: elected / appointed by governor / appointed by other body testedAPPOINTED by the Governor with the advice and consent of the Senate — not elected
- Where the state's insurance law is codified testedThe Insurance chapters of the Minnesota Statutes (roughly chapters 59A through 79A, with the core in 60A-72C), and the producer licensing law in Chapter 60K
- Does the regulator sit somewhere unusual (e.g. inside a constitutional commission)? testedYes — insurance is regulated WITHIN the Department of Commerce (which also oversees banking, securities, energy, and other industries), rather than by a standalone insurance department. Note that in 2025 the criminal insurance-fraud investigation function moved from the Commerce Fraud Bureau to the Department of Public Safety's Bureau of Criminal Apprehension; Commerce retains civil fraud review.
- The producer reporting deadlines, and there are three testedMinnesota runs THREE clocks where the NAIC model has two. Administrative action by another jurisdiction and any criminal prosecution each carry a 30-day report, and buried in the same subdivision is a separate TEN-DAY deadline to report a conviction or a guilty plea. A national course teaching 'two 30-day rules' is missing one of the three.
- What a producer must do with premium money testedMinnesota does NOT impose a fiduciary trust-account rule. The duty is PROMPT DEPOSIT into a business account, or forwarding the money straight to the insurer - the words 'fiduciary', 'trust' and 'commingle' do not appear in the section. A candidate importing another state's trust-account answer gets this wrong.
- Which section actually prohibits rebating testedThe live section is Minn. Stat. 72A.071 - the old 72A.20, subd. 10 was REPEALED in 2022, and 60K.48, subd. 3(b) still cross-references the repealed subdivision. The gift cap is the LESSER of 5 percent of premium or $250 (raffles: the lesser of 5 percent or $500), so on most personal lines the binding constraint is the percentage, not the dollar figure.
- Where twisting is regulated testedNo Minnesota section is headnoted 'twisting'. The conduct is reached through the REPLACEMENT rules and through 72A.12, subd. 2. The replacement notice is due 'not later than at the time of taking the application', must be signed by BOTH the applicant and the producer, and a copy goes to the replacing insurer.
- The producer binder deadline testedA producer with binding authority must forward the binder within FIVE BUSINESS DAYS, by mail unless the insured authorizes fax or electronic delivery.
Cancellation 11 facts
When and how policies can be canceled or nonrenewed — heavily tested.
- Initial window during which an insurer may cancel more freely testedAbout 60 days — the cancellation restrictions of the auto and homeowners laws apply once a policy has been in effect roughly 60 days (the first ~59 days allow broader cancellation)
- Notice days to cancel a personal auto policy inside the initial window testedAt least 30 days' written notice to cancel a personal auto policy, stating the reason (10 days for nonpayment, or for a policy in effect less than 60 days)
- Notice days for cancellation for nonpayment tested10 days' notice for cancellation for nonpayment of premium (auto)
- Notice days for cancellation for other permitted causes testedAuto: at least 30 days for cancellation on a permitted ground (10 days for nonpayment or a policy under 60 days old)
- Notice days required for nonrenewal testedat least 60 days before expiration — auto (Minn. Stat. 65B.17) and homeowners (Minn. Stat. 65A.29) — stating the specific reason
- Must the reason be stated proactively, on request, or not at all? testedYes — a cancellation or nonrenewal notice must state the specific reason in plain language, and an auto policy may not be nonrenewed arbitrarily or solely because of the insured's age
- Restrictions on nonrenewing because of claims (e.g. weather claims excluded) testedA homeowners insurer must file a loss-experience threshold plan, may not treat a mere claim inquiry as a claim, and must send a written warning before nonrenewing for loss experience; a 2024 law allows nonrenewal only after 3 or more wind/hail/lightning/rain losses each over $10,000 within 5 years (with 60 days' notice and a FAIR Plan disclosure)
- Auto and homeowner use different day counts for the same situation testedNew-business or nonpayment cancellation is 10 DAYS on a private passenger auto policy but 20 DAYS on a homeowner policy. Both run 30 days for a midterm cancellation on permitted grounds and 60 days for nonrenewal. The numbers are close enough to swap under exam pressure, and they sit in different chapters.
- The exclusive grounds to cancel a seasoned homeowner policy testedOnce a residential policy has been in effect 60 days or more, or has been renewed, it may be cancelled only for: nonpayment of premium; misrepresentation or fraud by or with the insured's knowledge in obtaining the policy OR in pursuing a claim; a material increase in risk through the insured's acts or omissions; physical changes rendering the property uninsurable and uncorrected within a reasonable time; or nonpayment of dues to an association where membership conditions the coverage.
- A condition Minnesota attaches to cancellation itself testedReturn of the unearned premium is a CONDITION PRECEDENT to a homeowner cancellation taking effect. No refund, no cancellation - the notice does not do the work on its own.
- Does asking about a claim count as a claim? testedNO - an inquiry about a hypothetical claim is not a claim, and refusing to renew because of one is an unfair method of competition. A candidate who treats a phone call to the agent as claim activity gets this wrong.
Licensing 26 facts
How you get and keep the license — exams, fees, applications, background checks.
- Is there a standalone life license/exam? testedYes — a Life line of authority
- Is there a standalone health license/exam? testedYes — an Accident and Health or Sickness line of authority
- Is there a combined life+health license/exam? testedYes — PSI offers a combined Life, Accident & Health exam, in addition to the individual Life and Accident & Health lines
- Is there a personal lines license/exam? testedYes — a Personal Lines line of authority (its own exam), for those who do not want a full Property & Casualty authority
- Is P&C one combined license, or split into Property and Casualty? testedBoth — Property and Casualty are SEPARATE lines of authority, and PSI offers a Property exam and a Casualty exam individually AND a combined Property & Casualty exam, plus a narrower Personal Lines line.
- Does the life license cover annuities? testedYes — FIXED annuities are sold under the Life line. VARIABLE life and variable annuities require the separate Variable line plus FINRA registration (they are securities).
- Does the P&C license already include personal lines authority? testedYes — a full Property & Casualty authority covers personal-lines risks; the Personal Lines line is a narrower subset
- Full list of exam-based agent license types testedOne Minnesota producer license listing any of: Life · Accident and Health or Sickness · Property · Casualty · Personal Lines · Variable Life and Variable Annuity — plus limited lines (Limited-Line Credit, Farm Property & Liability, Title, Travel, Bail Bonds)
- Exam administrator (Prometric / PSI / Pearson VUE) testedPSI Services (PSI) administers Minnesota producer exams under contract with the Department of Commerce
- Exam fee tested$45 per producer exam attempt through PSI (non-refundable); adjuster exams are $25
- License application fee tested$50 PER LINE OF AUTHORITY for a resident individual producer licence, plus a technology surcharge - currently $10, effective May 1, 2023, against a statutory ceiling of up to $40. Business entity $200; surplus lines $500.
- Fee per insurer appointment tested$30 per appointment, paid by the appointing insurer (an appointment is required to transact for that insurer)
- Passing score tested70%
- Minimum age to be licensed tested18
- Is pre-licensing education required? testedYES — Minnesota requires 20 hours of pre-licensing education for each major line (Life, Accident & Health, Property, Casualty, or Personal Lines), by classroom or verifiable self-study
- Pre-licensing hours and any exceptions (e.g. Title, adjusters) tested20 hours of pre-licensing per major line, classroom or verifiable self-study (not insurer-sponsored). The Farm Property/Liability and Variable lines are exempt, and holders of qualifying degrees or designations (CLU, ChFC, CFP, CPCU, CIC, FLMI, RHU, and others) may be exempt.
- Fingerprints, state police report, or none testedFINGERPRINT-based background check — a Minnesota BCA (state) and FBI (national) criminal history check is required for a resident producer license
- Who takes the prints / issues the report testedFingerprints are captured electronically through PSI (about $63.75) or by manual fingerprint card (about $32) and processed by the Minnesota BCA and FBI
- How long the background report stays valid testedThe fingerprint consent/authorization form is valid for 1 year
- Deadline to apply after passing the exam testedA passing exam result supports a license application for 3 years (36 months)
- How long a passed exam remains valid testedA passed exam remains valid for 3 years
- Waiting period before retaking a failed exam testedYou may not rebook on the same day you tested - PSI's own worked example is that a Wednesday failure can call Thursday and retest Friday, subject to space. Re-register and pay the $45 again. NO ATTEMPT CAP IS PUBLISHED, and no Minnesota source affirmatively states that attempts are unlimited.
- Notice required to reschedule/cancel without forfeiting the fee testedYou must notify PSI at least 2 days before the scheduled exam to reschedule or cancel without forfeiting the fee
- Where you apply (Sircon / NIPR / state portal) testedSircon (the Department of Commerce routes resident applicants there); NIPR is also supported
- Are temporary licenses available? testedYes — a temporary license is available in limited circumstances (applied for through Sircon, with a sponsoring agency filing a certification of compliance); it is not a route for ordinary new applicants
- Temporary license duration and training requirement testedAvailable in limited circumstances through Sircon; the sponsoring agency files a certification of compliance