Free Minnesota Property Exam Practice Test
The Minnesota Property producer exam is given by PSI and covers general insurance concepts, property policies, and Minnesota insurance law and regulation.
75
Scored items (approx.)
120 min
Time limit
70%
Passing score
814
Practice questions
Topics covered on the Property exam
Insurance Regulation
168 practice questions · Exam requirement, Exam exemptions, Prelicensing education, Prelicensing exemptions, …
General Insurance Concepts
77 practice questions · Pure vs speculative risk, Hazard types, Moral hazard, Law of large numbers, …
Property Insurance Basics
138 practice questions · Standard fire policy, Vacancy, Proof of loss, Suit against insurer, …
Dwelling Policy Concepts
51 practice questions · Eligibility, DP-1 basic, DP-3 special, Coverage A, …
Homeowners Policy Concepts
154 practice questions · Nonrenewal notice, Underwriting period, Definition of homeowners insurance, Nonrenewal for weather losses, …
Commercial Property Policies
99 practice questions · Commercial cancellation, Commercial nonrenewal, Terrorism exclusion, Business income, …
Businessowners Policy Property
58 practice questions · Purpose, Eligibility, Business income included, Property covered, …
Other Property Insurance
69 practice questions · FAIR plan purpose, FAIR plan eligibility, FAIR plan binding, FAIR plan underwriting, …
Practice Test: Property
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
