10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The MN-PC exam has 130 questions and runs 3 hours.
These 10 free MN-PC questions are organized by exam domain, so you can see how each part of the Minnesota Property & Casualty Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
An owner-occupied home is insured under an unendorsed HO-3. A resident accidentally swings a golf club indoors, breaking a built-in window and shattering a freestanding television. The accident is not among the named perils applicable to personal property, and no exclusion applies. How should the two losses be treated?
Correct answer: C - Coverage A can cover the window; Coverage C does not cover this television loss
A covered fire causes a one-month suspension at a bakery. For that period, the bakery proves $28,000 in net income it would have earned and $22,000 in normal operating expenses that continued. It also incurs $12,000 above normal for a temporary kitchen; that cost is otherwise eligible, and the income figures already reflect the temporary operation. With adequate limits, select the correct allocation.
Correct answer: B - Business Income $50,000; Extra Expense $12,000
At the time of a covered partial loss, a commercial building is worth $800,000. The policy has an 80% coinsurance requirement, a $480,000 limit, and a $2,000 deductible. The covered damage is $160,000. Ignoring any other limitation, what is payable?
Correct answer: D - $118,000
After firefighters release a warehouse as safe to approach, a roof opening remains and heavy rain is forecast. The insurer has been notified, but its adjuster cannot arrive for two days. What should the insured do now?
Correct answer: C - Arrange safe temporary protection, preserve evidence, and record the expense
A claims-made Commercial General Liability (CGL) policy runs from January 1 through December 31, 2026, with a January 1, 2024 retroactive date. A customer was injured by the insured's product in July 2025. The first written demand is made and reported in March 2026. No exclusion applies. What is the best coverage conclusion?
Correct answer: A - The claim is potentially covered because the injury followed the retroactive date and the claim was timely made and reported
During a Minnesota claim-file audit, a supervisor sees that the insurer timely explained why its investigation could not be completed within 30 business days. A properly executed proof of loss was then received 55 business days ago, and no acceptance or denial has been sent. What deadline controls the file now?
Correct answer: B - Accept or deny by 60 business days; a policy-based denial must be written and identify the relied-on provision
A criminal sends a counterfeit electronic payment instruction directly to a company's bank, purporting to be from the company. The bank transfers the company's funds. No employee authorized the payment, and no one entered or used the insured's computer system. Which insuring agreement most directly fits the loss?
Correct answer: C - Funds-transfer fraud
A Minnesota passenger is injured by an underinsured driver while riding in a friend's car. The occupied vehicle's $50,000 underinsured motorist (UIM) limit applies first. The passenger is an insured under a separate policy listing two vehicles, each with a $125,000 UIM limit. Covered damages exceed all available limits. What additional amount can the passenger's policy provide?
Correct answer: A - $75,000
A general contractor receives a certificate of insurance naming it as certificate holder and typing 'additional insured' in the description box. The policy itself contains no additional-insured endorsement. What rights does the certificate give the contractor?
Correct answer: D - None; the certificate cannot create additional-insured status
A complaint against a Commercial General Liability (CGL) insured alleges accidental property damage that could be covered and, in a separate count, intentional damage that is excluded. The policy requires a defense when a suit alleges potentially covered damages. What must the insurer do at the outset?
Correct answer: A - Defend the suit while preserving its coverage position on the excluded count
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