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To obtain a property and casualty license in Minnesota, start by completing a pre-licensing course that covers the necessary material for the Minnesota property and casualty insurance exam. After finishing the course, you will need to pass the exam, which tests your understanding of insurance policies and regulations. Once you pass, submit your application along with any required fees to the Minnesota Department of Commerce. It’s a step-by-step process, but having the right resources makes it manageable.
PSI Services Examination Centers in Minnesota ROCHESTER 3155 Superior Dr NW, Rochester, MN 55901. ST. PAUL 1935 County Road B2 West, Suite 402A and 402B, St. Paul, MN 55113. WILLMAR 2101 15th Avenue NW, Room A-146, Willmar, MN 56201. WOODBURY 6053 Hudson Road, Suite 210, Woodbury, MN 55125.
The combined Minnesota property and casualty insurance exam is three hours long and consists of 145 multiple-choice questions. You must score 70 percent or higher to pass and be eligible for licensing.
50 scorable questions, plus 10 pretest questions.
The pass rates for the various exams are: Life Insurance: 62.9% Health Insurance: 60.4% Life & Health Insurance: 64.8% Property Insurance: 53.6% Casualty Insurance: 62% Property & Casualty Insurance: 54.9% Personal Lines: 61.4%
Once you pass the P&C insurance exam and complete a fingerprint-based background check, you can apply for your P&C insurance license. In Minnesota, you must apply online via Sircon or the NIPR. The application fee is $100 (for a combined P&C license) and the transaction fee is $5.60.