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Minnesota · State licensing

Pass the Minnesota Life & Health insurance license exam.

Minnesota requires 20 hours of pre-approved education per line of authority, uses PSI for the exam at a 45 dollar fee, and sets the combined Life, Accident and Health exam at 3 hours with a 70 percent passing score.

Quick answer: The Minnesota Life & Health insurance license exam is administered by PSI as a 140-question combined exam with a 180-minute limit, and you need 70% to pass. Minnesota requires 40 hours of pre-licensing education before you can sit. The exam fee is $45 per attempt.

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Quick facts

Testing vendor
PSI
Passing score
70%
Pre-licensing hours
40h combined
Application fee
$50
Exam fee
$45 per attempt
Combined exam length
140 Q · 180 min

Source: mn.gov. Confirm before you register. State schedules change.

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What's on the Minnesota L&H exam.

The Minnesota L&H exam is administered by PSI after you finish a state-approved 40-hour pre-licensing course. The combined exam runs 140 questions with a 180-minute time limit. Passing requires 70%.

Content roughly follows the NAIC L&H outline: general concepts, life products, annuities, federal tax treatment, health products, social insurance, ethics, and a state-specific law section. The state law portion is where most candidates lose points, it's the section a generic national bank cannot cover well.

What it costs to get licensed in Minnesota.

Plan for roughly $135–$170 in mandatory Minnesota state and vendor fees before any study materials, plus the cost of the required 40-hour pre-licensing course.

License application
$50
Exam fee
$45 per attempt
Fingerprinting / background check
~$40–$75
Pre-licensing education
40 hours required

A retake means paying the $45 exam fee again, so a first-time pass is the cheapest path. See the full cost breakdown by state and how hard the exam is.

Minnesota exam FAQ.

Who gives the Minnesota insurance exam?
PSI administers Minnesota insurance producer exams, charging 45 dollars per producer line, with a passing score of 70 percent.
How long is the Minnesota combined Life and Health exam?
The Life, Accident and Health producer exam in Minnesota has a 3 hour, 180 minute, time limit.
What pre-licensing education does Minnesota require?
Minnesota requires 20 hours of pre-approved education per line of authority, 40 hours total for a combined Life and Health license.

Licensing in other states too?

Each state has its own vendor, hours, and fee schedule.