Michigan Surplus Lines Insurance Exam Prep 2025/2026
ACTUAL COMPREHENSIVE REAL EXAM QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALREADY PASSED!!
What refers to any event or act that happens before a right will
be granted?
A) Condition Precedent
B) Condition Subsequent
C) Condition Neutral
D) Condition Aleatory - ANSWER-A) Condition Precedent
In Michigan, a transaction that takes place in April needs to be
reported by:
A) August 15th
B) September 15th
C) October 15th
D) November 15th - ANSWER-A) August 15th
With an insurance policy document, the initial page that
summarizes the
agreement is commonly known as (Choose All
that apply):
,A) Declarations
page
B) Policy
Specifications Page
C) Benefit Summary
Page
D) Waiver - ANSWER-A)
Declarations Page
B) Policy
Specifications Page
C) Benefit Summary
Page
In Michigan, to become licensed as a non-resident Surplus Lines
Producer:
A) One must be licensed for surplus lines in
his his state
B) One need not be licensed for surplus lines in his own state,
but must hold an
active Michigan non-resident PC
producers license.
C) One must be licensed for Surplus Lines in his home state,
and must hold an
active Michigan Resident PC
producers license.
,D) One must be licensed for Surplus Lines in his home state,
and must hold an
active Michigan non-resident PC producers license. - ANSWER-
D) One must be
licensed for Surplus Lines in his home state, and must hold an
active Michigan
non-resident PC producers
license.
Which of these can be used to supplement the insurance for
property written on a "named perils" basis?
A) DIC
B) DGC
C) DCE
D) DST
E) DIT - ANSWER-A) DIC (Difference in Conditions)
Which of the following refers to those written provisions that
can be used to add, delete, or modify the provisions in the
original contract?
A) Endorsements
B) Conditions
C) Overriding Terms
D) Bonus Terms
E) Riders - ANSWER-A) Endorsements
, A Surplus Lines intermediary's services:
A) May include underwriting and pricing
B) May include underwriting but not pricing
C) May not include underwriting but include pricing
D) Hardly include underwriting and pricing - ANSWER-A) May
include underwriting and pricing
In Michigan, to become licensed as a resident Surplus Lines
Producer:
A) One must hold an active producers license of any line
B) One must hold an active Michigan producer or adjuster
license of any line
C) One must hold an active Michigan Property and Casualty
producer license - ANSWER-C) One must hold an active
Michigan Property and Casualty producer license
The insuring agreement is often used to:
A) Outline a broad range of coverage
B) Outline a narrow and specific range of coverage
C) Outline a broad range of exclusions
D) Serve as a temporary replacement of coverage - ANSWER-A)
Outline a broad range of coverage
ACTUAL COMPREHENSIVE REAL EXAM QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALREADY PASSED!!
What refers to any event or act that happens before a right will
be granted?
A) Condition Precedent
B) Condition Subsequent
C) Condition Neutral
D) Condition Aleatory - ANSWER-A) Condition Precedent
In Michigan, a transaction that takes place in April needs to be
reported by:
A) August 15th
B) September 15th
C) October 15th
D) November 15th - ANSWER-A) August 15th
With an insurance policy document, the initial page that
summarizes the
agreement is commonly known as (Choose All
that apply):
,A) Declarations
page
B) Policy
Specifications Page
C) Benefit Summary
Page
D) Waiver - ANSWER-A)
Declarations Page
B) Policy
Specifications Page
C) Benefit Summary
Page
In Michigan, to become licensed as a non-resident Surplus Lines
Producer:
A) One must be licensed for surplus lines in
his his state
B) One need not be licensed for surplus lines in his own state,
but must hold an
active Michigan non-resident PC
producers license.
C) One must be licensed for Surplus Lines in his home state,
and must hold an
active Michigan Resident PC
producers license.
,D) One must be licensed for Surplus Lines in his home state,
and must hold an
active Michigan non-resident PC producers license. - ANSWER-
D) One must be
licensed for Surplus Lines in his home state, and must hold an
active Michigan
non-resident PC producers
license.
Which of these can be used to supplement the insurance for
property written on a "named perils" basis?
A) DIC
B) DGC
C) DCE
D) DST
E) DIT - ANSWER-A) DIC (Difference in Conditions)
Which of the following refers to those written provisions that
can be used to add, delete, or modify the provisions in the
original contract?
A) Endorsements
B) Conditions
C) Overriding Terms
D) Bonus Terms
E) Riders - ANSWER-A) Endorsements
, A Surplus Lines intermediary's services:
A) May include underwriting and pricing
B) May include underwriting but not pricing
C) May not include underwriting but include pricing
D) Hardly include underwriting and pricing - ANSWER-A) May
include underwriting and pricing
In Michigan, to become licensed as a resident Surplus Lines
Producer:
A) One must hold an active producers license of any line
B) One must hold an active Michigan producer or adjuster
license of any line
C) One must hold an active Michigan Property and Casualty
producer license - ANSWER-C) One must hold an active
Michigan Property and Casualty producer license
The insuring agreement is often used to:
A) Outline a broad range of coverage
B) Outline a narrow and specific range of coverage
C) Outline a broad range of exclusions
D) Serve as a temporary replacement of coverage - ANSWER-A)
Outline a broad range of coverage
