MPCP - Minnesota Property and Casualty Producer Exam

Question 1: After a crash in Duluth, a Minnesota insured pays a neighbor to shovel, clean and run the errands she can no longer manage herself, and she claims replacement services loss. Under Minnesota Statutes section 65B.44, subdivision 5, what weekly maximum applies to that benefit?

Five hundred dollars per week

One hundred dollars per week

Two hundred dollars per week

Four hundred dollars per week

Question 2: A Minnesota producer finds a Department of Commerce comparison table listing two thousand dollars of no-fault funeral expense benefits, while the course materials in front of him quote the statute. Under Minnesota Statutes section 65B.44, subdivision 4, what funeral and burial expense is payable?

Two thousand dollars

Twenty thousand dollars

One thousand dollars

Five thousand dollars

Question 3: A Mankato bakery owner employs one part-time counter clerk and reads online that small employers with fewer than five workers need no coverage. Minnesota builds its workers compensation mandate on employer liability rather than on a headcount. What does Minnesota law require of this bakery?

Coverage or an approved self-insurance order

No coverage until five employees are hired

No coverage while the clerk stays part-time

Coverage only during the busy season

Question 4: Minnesota added a time limitations provision to its No-Fault Act in 2023. The provision sets one period by conformity with the general limitation in section 541.05, and a shorter period for a single coverage the paragraph names. Which pairing states that rule correctly?

Four years generally, six for underinsured

Four years for uninsured and underinsured

Six years generally, four for underinsured

Six years for every no-fault action

Question 5: A jury in a Rochester intersection collision finds the injured driver fifty percent at fault and the other motorist fifty percent at fault, and fixes damages at a substantial figure. Under Minnesota's comparative fault statute, what does the injured driver recover?

Nothing, since the fault is equal

Damages reduced by half

Full damages without any reduction

Nothing, because contributory fault bars recovery

Question 6: A Minnesota driver injured in a collision in Anoka County asks how much basic economic loss coverage his no-fault policy has to carry for his own injuries arising out of that crash. Under Minnesota Statutes section 65B.44, subdivision 1, what is the minimum for any one person?

Twenty thousand dollars, all of it medical

Forty thousand dollars, all of it medical

Forty thousand dollars, half of it medical

Sixty thousand dollars, half of it medical

Question 7: A Duluth contractor with nine employees carried no workers compensation insurance for eleven weeks. The commissioner orders compliance and adds a money penalty. Minnesota states that penalty as a multiplier rather than as a single flat fine. How is the maximum penalty measured?

One thousand dollars for the entire period

One thousand dollars per employee weekly

Ten thousand dollars per employee yearly

Twice the premium the employer avoided

Question 8: An insurer concedes that a payment became overdue under Minnesota's no-fault payment rules and finally pays it two months late. The statute itself fixes what the late payment must carry, rather than leaving the rate to the policy. Which rate applies?

Six percent per annum simple interest

Eight percent per annum compound interest

Twelve percent per annum simple interest

Fifteen percent per annum simple interest

Question 9: A Wisconsin resident owns a rental duplex in Duluth insured by a carrier that has now been declared insolvent, and fire damages the building. Two guaranty associations could plausibly respond. Which state's association does Minnesota Statutes section 60C.13, subdivision 2, make responsible?

Wisconsin, where the owner resides

Minnesota, where the property is situated

Whichever association is first notified

The insurer's state of domicile

Question 10: A managing agent circulates a letter claiming a competing insurer is on the edge of insolvency, knowing the claim is false and intending to drive that competitor's producers away. Which entry in Minnesota's trade practice catalogue does this letter violate?

Defamation under subdivision three

Boycott, coercion, and intimidation

False entries under subdivision six

Stock operations under subdivision seven

Question 11: The Managing General Agents Act defines a term for the authority a firm holds when it may accept or reject a risk on the insurer's behalf, rather than merely producing applications. Which term does Minnesota Statutes section 60H.02, subdivision 5, define that way?

Solicit

Negotiate

Adjust

Underwrite

Question 12: An insured whose claim was mishandled once wants to sue her Minnesota insurer directly, arguing that the single violation is an unfair practice in trade for purposes of the state's private attorney general statute, section 8.31. What does the claims practices statute provide on that point?

One violation supports a private consumer claim

No individual violation supports that private claim

A private claim requires ten violations

The insured may sue only after arbitration

Question 13: A Minnesota insurer denies a homeowner's theft claim in writing and wants the letter to satisfy Minnesota Statutes section 72A.201, subdivision 8. Setting aside the basis for the denial itself, which of the following must the letter also contain?

A statement of the right to complain

The number of days to reopen

The insurer's claim service office telephone

A signed release from the adjuster

Question 14: A producer takes an application in person for a Minnesota homeowners policy. Chapter 60C requires a notice concerning policyholder rights in an insolvency to be given or obtained at a specific point in the sale. When must that notice be delivered?

At policy delivery in every case

With or as part of the application

At the first renewal of the policy

Within thirty days after the first premium

Question 15: A Minnesota candidate passes the property and casualty producer examination but delays applying for a licence while she finishes school. Chapter 60K fixes how long a passing examination result stays good before the candidate must sit again. Which period does it set?

One year from the examination date

Two years from the examination date

Five years from the examination date

Three years from the examination date

Question 16: A Minnesota carrier terminates a producer's appointment and files the required notification with the commissioner some weeks later. Minnesota Statutes section 60K.51, subdivision 4, paragraph a, then obliges the carrier to mail the producer a copy. From what event does that fifteen-day clock run?

From the effective date of termination

From the producer's written request for it

From making the notification to the commissioner

From the end of the appointment year

Question 17: An insurer receives notification of a theft claim from a policyholder in Hibbing and opens an investigation the same afternoon. Minnesota's claims practices statute sets an outside period, running from that notification, to finish investigating and report acceptance or denial. Which period applies?

Thirty business days

Thirty calendar days

Sixty business days

Fifteen working days

Question 18: A Minnesota-licensed insurer has gone four years without a Department examination, and its officers ask how often the commissioner must examine the company's affairs and condition. Minnesota's floor differs from the interval many states copied from a national model. Which examination interval does Minnesota set?

Not less than once every three years

Only when a complaint is received

Once each calendar year without exception

Not less than once every five years

Question 19: A Minnesota insurer mishandles one property claim. Its compliance officer argues that the Department cannot act, because the unfair service subdivision reaches only conduct occurring with such frequency to indicate a general business practice. Which statement gives Minnesota's rule for administrative action?

One violation supports administrative action

A pattern of similar violations is required

Three violations in one year are required

Only a court may impose these fines

Question 20: Farmers in several adjoining Minnesota counties want to organize a township mutual fire insurance company. Minnesota Statutes section 67A.01, subdivision 1, sets the entry conditions for formation. Which combination of requirements must the organizers satisfy at the outset?

Ten persons owning fifty thousand dollars

Twenty-five persons owning five hundred thousand dollars

Twenty-five persons owning fifty thousand dollars

Fifty persons owning twenty-five thousand dollars

MPCP Minnesota Property and Casualty Producer Exam - Set 1 - Part 1