Minnesota Personal Lines Insurance License Exam — All Questions

Which agency issues resident personal lines insurance producer licenses in Minnesota?

• a.Minnesota Department of Insurance (a standalone agency)
• b.Minnesota Department of Commerce✓
• c.Minnesota Secretary of State
• d.Minnesota Insurance Commission

The insurance regulator in Minnesota is the Minnesota Department of Commerce, which houses the state's insurance function under a Commissioner. It issues and renews producer licenses and enforces the insurance laws. Source: Minnesota Department of Commerce (https://mn.gov/commerce/).

After a producer is licensed in Minnesota, what generally must occur before he or she can transact business for a specific insurer?

• a.The insurer must appoint the producer, and that appointment is filed with the Minnesota Department of Commerce✓
• b.The producer must first sell to at least five clients on a temporary permit
• c.Nothing further — the license alone authorizes sales for any insurer
• d.The producer must post a personal surety bond with the state treasurer

A license lets a person act as a producer, but to represent a particular company that insurer must appoint the producer, with the appointment filed with the Minnesota Department of Commerce. A producer may hold appointments from several insurers at once. This mirrors the NAIC producer-licensing model Minnesota follows.

Which statement about continuing education (CE) for resident personal lines producers in Minnesota is correct?

• a.CE is optional and only recommended for new producers
• b.Resident producers must complete state-approved CE each renewal cycle to keep the license active; confirm the exact hours and ethics requirement with the Minnesota Department of Commerce✓
• c.Passing the licensing exam permanently exempts a producer from all CE
• d.CE is required once, in the first year, and never again

Like other states, Minnesota requires resident producers to complete approved continuing education every renewal cycle, typically including an ethics component, before renewing. Because specific hour totals change, verify the current CE requirement directly with the Minnesota Department of Commerce (https://mn.gov/commerce/).