What the Course Entails and Exam Details

Preparing for this exam requires a deep dive into the specific insurance laws and regulations governing the state of Michigan.

The syllabus covers critical topics such as the diligent search requirement, understanding eligible unauthorized insurers, and the strict handling of premium taxes.

Candidates will also learn about exempt commercial purchasers, mandatory client disclosures, and the ethical responsibilities of a surplus lines broker.

What to Expect in the Final Exam

The final examination is a computer-based, multiple-choice test designed to rigorously evaluate your grasp of state-specific surplus lines regulations.

Test-takers are generally given around one hour to complete the exam, though you should always verify the exact time limit on your candidate bulletin.

You must achieve a passing score of at least 70% to successfully earn your license.

Strict rules apply at the testing facility, meaning no personal items, cell phones, smartwatches, or outside study materials are permitted in the exam room.

How to Study and Exam Centers

The most effective study strategy is to combine state insurance code reviews with high-quality, timed practice exams.

Taking repetitive practice tests will help you familiarize yourself with the tricky phrasing of regulatory questions and improve your time management skills.

When you are ready to test, you will typically schedule your exam through PSI Services, which is the authorized testing provider for Michigan insurance exams.

You can choose to take the exam in person at various physical PSI testing centers across Michigan, or you may opt for secure, remotely proctored online testing from the comfort of your home.

Job Opportunities from the Course

Earning your surplus lines license opens the door to highly lucrative and specialized roles in the modern insurance industry.

You can pursue a career as a licensed Surplus Lines Broker, working directly with clients and retail agents to place hard-to-write risks.

Other common and highly sought-after job titles include Wholesale Broker, Excess and Surplus Lines Underwriter, and Commercial Lines Account Executive.

Additionally, your deep knowledge of complex state regulations makes you an ideal candidate for corporate positions like Insurance Compliance Specialist or Risk Management Consultant.