October 14, 2022

Minnesota Insurance License Exam

Written by: Ethan Peyton

Cartoon woman holding Minnesota Insurance License Exam document

    Passing your Minnesota insurance license exam is a pivotal part of becoming a licensed insurance agent in the state of Minnesota.

    In this guide, we’ll break down the general information that you need to know in order to pass your exam, outline the differences between each examination line, and offer tips on both: how to prepare for your Minnesota insurance licensing exam, and on what to do after you pass.

     

    Minnesota Insurance Exam Basics

    General Information

    The state of Minnesota uses Pearson VUE to administer its insurance agent licensing. This means you can register and book all of your licensing examinations through the Pearson VUE website. Your test can be carried out online or in person.

    Each major insurance line examination includes both general and state-specific material.

    The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the Minnesota insurance regulations and laws that you will need to know in order to operate as an insurance agent.

    Score Explanation

    As soon as you complete your examination, you will be issued with a score report marked as “pass” or “fail.”

    If you passed your exam, your score report will include information on how to apply for your insurance license with the Minnesota Department of Commerce.

    If, on the other hand, you failed a Property, Casualty, Life or Health exam, your score report will include a numerical score, as well as diagnostic information that can help you identify your strengths and weaknesses.

     

    Cost

    Your Minnesota insurance license exam cost will depend on the number of examinations that you take:

    Examination

    Cost 

    Time Allowed

    Life Producer

    $39

    120 Minutes

    Accident & Health Producer

    $39

    120 Minutes

    Life, Accident & Health Producer

    $39

    180 Minutes

    Property Producer

    $39

    120 Minutes

    Casualty Producer

    $39

    120 Minutes

    Property & Casualty Producer

    $39

    180 Minutes

    Note: You should focus on one exam at a time. This will likely increase the amount of time and effort you can allocate to each examination and should allow you to feel more prepared when you sit your exam.

    Recommended Pre-License Course

    Before taking your insurance exam, we recommend completing a pre-license education course. This can be a requirement in Minnesota depending on your insurance line, but it can also go a long way in helping learn all of the information that you will need to know during your exam.
    4.7 out of 5 starsKaplan Education Company

     

    Minnesota Life and Health Insurance Exam

    Below you can find the content outline offered by Pearson VUE.

    We recommend using it as a checklist when working through your pre-license education course. This way, you’ll be absolutely sure that you haven’t missed any topic that you will be tested on later.

    Life General Knowledge Content Outline

    50 scorable questions, plus 10 pretest questions.

    I. Types of Policies

    A. Traditional whole life products
    B. Interest/market-sensitive/adjustable life products
    C. Term life
    D. Annuities
    E. Combination plans and variations

     

    II. Policy Riders, Provisions, Options, and Exclusions

    A. Policy riders
    B. Policy provisions and options
    C. Policy exclusions

     

    III. Completing the Application, Underwriting, and Delivering the Policies

    A. Completing the application
    B. Underwriting
    C. Delivering the policy
    D. Contract law

     

    IV. Taxes, Retirement, and Other Insurance Concepts

    A. Third-party ownership
    B. Viatical settlements
    C. Life settlements
    D. Group life insurance
    E. Retirement plans
    F. Life insurance needs analysis/suitability
    G. Social Security benefits
    H. Tax treatment of insurance premiums, proceeds, and dividends

     

    Life Minnesota Specific Content Outline

    25 scorable questions, plus 5 pretest questions.

    I. Minnesota Laws, Rules, and Regulations Common to Life, Health, Property, and Casualty Insurance

    A. Powers and Duties of the Commissioner
    B. Definitions
    C. Licensing and Appointments
    D. Trade Practices
    E. Guaranty Association

     

    II. Minnesota Laws, Rules, and Regulations Pertinent to Life Insurance Only

    A. Beneficiaries
    B. Right to Cancel
    C. Policy Provisions
    D. Credit Insurance (Life and A&H)
    E. Group Life
    F. Insurable Interest Act
    G. Replacement Insurance

     

    Accident & Health General Knowledge Content Outline

    50 scorable questions, plus 10 pretest questions.

    I. Types of Polices

    A. Disability income
    B. Accidental death and dismemberment
    C. Medical expense insurance
    D. Medicare supplement policies
    E. Group insurance
    F. Individual/Group Long Term Care (LTC)
    G. Other policies

     

    II. Policy Provisions, Clauses, and Riders

    A. Mandatory and optional provisions
    B. Other provisions and clauses
    C. Riders
    D. Rights of renewability

     

    III. Social Insurance

    A. Medicare (Parts A, B, C, D)
    B. Medicaid
    C. Social Security benefits

     

    IV. Other Insurance Concepts

    A. Total, partial, recurrent, and residual disability
    B. Owner’s rights
    C. Dependent children benefits
    D. Primary and contingent beneficiaries
    E. Modes of premium payments
    F. Nonduplication and coordination of benefits
    G. Occupational vs. non-occupational
    H. Tax treatment of premiums and proceeds of insurance contracts
    I. Managed care
    J. Workers Compensation
    K. Subrogation

     

    V. Field Underwriting Procedures

    A. Completing the application
    B. Explaining sources of insurability and HIPAA privacy info
    C. Initial premium payment and receipt
    D. Submitting application to company for underwriting
    E. Policy delivery
    F. Explaining policy to clients
    G. Replacement
    H. Contract law

     

    Accident & Health Minnesota Specific Content Outline

    25 scorable questions, plus 5 pretest questions. 

    I. Minnesota Laws, Rules, and Regulations Common to Life, Health, Property, and Casualty Insurance

    A. Powers and Duties of the Commissioner
    B. Definitions
    C. Licensing and Appointments
    D. Trade Practices
    E. Guaranty Association

     

    II. Minnesota Laws, Rules, and Regulations Pertinent to Health Insurance Only

    A. Policy clauses and provisions/mandates
    B. Medicare Supplement plans
    C. Long-Term Care (LTC)
    D. Health Maintenance Organizations (HMOs)
    E. Nonprofit Health Service Plan Corporations
    F. Small Employer Insurance Reform
    G. Grace period

    We recommend reading our in-depth How to Pass the Life Insurance Exam guide for a better overview.

     

    Minnesota Property and Casualty License Exam

    Below you can find the content outline offered by Pearson VUE.

    You should use this outline as a checklist when working through your pre-license education course in order to ensure that you haven’t missed any topic that you will be tested on later.

    Property General Knowledge Content Outline

    50 scorable answers plus 10 pretest questions.

    I. Types of Policies

    A. Homeowners
    B. Dwelling policies
    C. Commercial lines
    D. Inland marine
    E. National Flood Insurance Program
    F. Others

     

    II. Insurance Terms and Related Concepts

    A. Insurance
    B. Insurable interest
    C. Risk
    D. Hazard
    E. Peril
    F. Loss
    G. Loss Valuation
    H. Proximate cause
    I. Deductible
    J. Indemnity
    K. Limits of liability
    L. Coinsurance/Insurance to value
    M. Occurrence
    N. Cancellation
    O. Nonrenewal
    P. Vacancy and Inoccupancy
    Q. Liability
    R. Negligence
    S. Binder
    T. Endorsements
    U. Blanket vs. Specific

     

    III. Policy Provisions and Contract Law

    A. Declarations
    B. Insuring agreement
    C. Conditions
    D. Exclusions
    E. Definition of the insured
    F. Duties of the insured
    G. Obligations of the insurance company
    H. Mortgagee rights
    I. Proof of loss
    J. Notice of claim
    K. Appraisal
    L. Other Insurance Provision
    M. Subrogation
    N. Elements of a contract
    O. Warranties, representations, and concealment
    P. Sources of underwriting information
    Q. Fair Credit Reporting Act
    R. Privacy Protection (Gramm Leach Bliley)
    S. Policy Application
    T. Terrorism Risk Insurance Act (TRIA)

     

    Property Minnesota Specific Content Outline

    25 scorable answers plus 5 pretest questions.

    I. Minnesota Laws, Rules, and Regulations Common to Life, Health, Property, and Casualty Insurance

    A. Powers and Duties of the Commissioner
    B. Definitions
    C. Licensing and Appointments
    D. Trade Practices
    E. Guaranty Association

     

    II. Minnesota Laws, Rules, and Regulations Pertinent to Property Insurance Only

    A. Definition of Adjusters
    B. Minnesota Standard Fire Policy
    C. FAIR Plan
    D. Homeowners
    E. Binders

     

    Casualty General Knowledge Content Outline

    50 scorable questions, plus 10 pretest questions.

    I. Types of Policies, Bonds, and Related Terms

    A. Commercial general liability
    B. Automobile: personal auto and business auto
    C. Workers Compensation Insurance, Employers Liability Insurance and Related Issues
    D. Crime
    E. Bonds
    F. Professional liability
    G. Umbrella/Excess Liability

     

    II. Insurance Terms and Related Concepts

    A. Risk
    B. Hazards
    C. Indemnity
    D. Insurable interest
    E. Loss valuation
    F. Negligence
    G. Liability
    H. Occurrence
    I. Binders
    J. Warranties
    K. Representations
    L. Concealment
    M. Deposit Premium/Audit
    N. Certificate of Insurance
    O. Law of Large Numbers
    P. Pure vs. Speculative Risk
    Q. Endorsements
    R. Damages
    S. Compliance with provisions of Fair Credit Reporting Act

     

    III. Policy Provisions

    A. Declarations
    B. Insuring agreement
    C. Conditions
    D. Exclusions and Limitations
    E. Definition of the insured
    F. Duties of the insured after a loss
    G. Cancellation and nonrenewal provisions
    H. Supplementary payments
    I. Proof of loss
    J. Notice of claim
    K. Arbitration
    L. Other insurance
    M. Subrogation
    N. Loss settlement provisions including consent to settle a loss
    O. Terrorism Risk Insurance Act (TRIA)

     

    Casualty Minnesota Specific Content Outline

    25 scorable questions, plus 5 pretest questions.

    I. Minnesota Laws, Rules, and Regulations Common to Life, Health, Property, and Casualty Insurance

    A. Powers and Duties of the Commissioner
    B. Definitions
    C. Licensing and Appointments
    D. Trade Practices
    E. Guaranty Association

     

    II. Minnesota Laws, Rules, and Regulations Pertinent to Casualty Insurance Only

    A. Automobile insurance
    B. Workers’ compensation

    We recommend reading our Property and Casualty Insurance exam article for a more in-depth overview.

     

    How to Pass the Minnesota Insurance Exam

    Passing your Minnesota insurance exam ultimately comes down to your mindset and degree of preparation.

    We have composed a few helpful exam tips and tricks that should help you perform as well as you can during your exam day.

    Get a Pre-License Course

    Even though this is not a requirement for every insurance exam in the state of Minnesota, getting a pre-license course can go a long way in helping you get accustomed to the prolific amount of content that you will have to memorize.

    We recommend Kaplan’s course because it offers a variety of helpful features, including:

    • Online exam simulations
    • Live online training
    • Printable study guides
    • End of chapter reviews

    For more information, we recommend reading our Kaplan Insurance Course Review.

     

    Make Enough Time to Study

    Not leaving enough time to prepare is one of the easiest ways to ensure that you do not pass your exam on your first attempt.

    Remember, there are zero questions on your exam that are based on common sense or critical thinking. All questions are purely factual, and so will relate to how well you understand and remember the content that you have learned.

    We recommend allocating around one to two weeks to prepare for your exam, as this should allow you to go through all of the material at least twice.

     

    Control Test Anxiety

    Even though you cannot control whether you get exam anxiety or not, you can take a few steps when preparing to limit its effect on your performance:

    • Establish a consistent pretest routine — Acclimate yourself to exam conditions by following a specific routine on each practice exam at home. This should help you feel less anxious during your exam day.
    • Get plenty of sleep — Lack of sleep can exacerbate your anxiety and increase your self-doubt. Make sure you are consistently getting a good night’s sleep in the week leading up to your exam.
    • Study effectively — This sounds obvious, but make sure you are actually tailoring your studying to the exam that you are taking. Remember, there are no critical thinking or common sense questions involved.
    • Arrive early — If you are planning to sit your exam in person, we recommend you arrive at least 30 minutes before it’s due to start in order to get used to your surroundings and have time to check in with your center’s administrator.

    For a more in-depth overview of how you can prepare for your Minnesota insurance exam, we recommend reading our How to Pass the Insurance Exam article.

     

    Getting Your Minnesota Insurance License

    Your next steps will depend on whether you actually passed your exam, as well as on whether you plan to get licensed for any additional lines.

    You can apply for your license up to three years after you complete your exam, so if you would like to attempt passing additional insurance line exams before filing your licensing application, you are totally free to do that.

    After you have passed your insurance licensing exam, you will need to:

    • Complete a fingerprint and background check
    • File your licensing application
    • Wait for your application to be reviewed

    Have a look at our How to Become an Insurance Agent in Minnesota review for more information on all the steps that you will need to take after passing your insurance exam.




    Minnesota Insurance Exams FAQ

    How often do I have to renew my Minnesota insurance license?

    You will need to renew your insurance license every two years in order to continue operating as a legitimate insurance agent in Minnesota.

    For more information, see our guide on How to Renew Your Insurance License in Minnesota.

     

    How long is the Minnesota insurance exam?

    This will depend on the insurance exam that you are taking. The Minnesota Life and the Accident and Health exams are both two hours long. The combined Life, Accident and Health exam, on the other hand, is three hours long.

     

    How many times can you take the Minnesota insurance exam?

    There is no limit to the number of times you can retake an insurance exam in Minnesota.

    Note: You will need to wait at least 24 hours before registering for a re-examination.

     

    How many questions are on the Minnesota insurance exam?

    This will depend on the insurance exam in question.

    Having said that, the Life, Accident & Health, Property, and Casualty exams are all made up of 75 questions.

    Minnesota Commerce Department Contact Information

    Mailing Address:

    Insurance Licensing Unit
    85 7th Place East, Suite 600
    Saint Paul, Minnesota 55101

    Phone: (651) 539-1600

    Email: licensing.commerce@state.mn.us

    Website: http://mn.gov/commerce/industries/insurance/

    License Search: Minnesota Insurance License Search and Lookup




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