Property and Casualty Insurance Exam
Insurance agents who sell property and casualty insurance must be licensed to do so. No
random person off the street can just start offering property and casualty insurance without
first obtaining the license.
Property and casualty insurance is a very large branch and there are many variables in the
insurance across the board as well. Regardless of the company you may be associated with, all
agents are required to obtain licensing that fits within the state’s parameters and
What Does the Property and Casualty Insurance Exam Cover?
Property and casualty insurance falls under a rather large umbrella. It covers the expanse of
insurance for homes, auto, and even business policies as well. This means there is a broad
expanse of knowledge to obtain for the exam as well.
The purpose behind property and casualty insurance is to provide policies to protect an
individual’s or a business’s assets as well as to potentially protect them from things like lawsuits
or other liabilities related to the property.
In some states, licensure for property and casualty insurance is required even of the customer
service reps that simply discuss policies and options with you. In other states, just the agent is
required to be insured.
Here is a comprehensive list of the types of coverage that fall into property and casualty.
● Auto insurance (personal and commercial)
● Homeowner’s insurance
● Renter’s insurance
● Condo insurance
● Landlord’s insurance
● Commercial property insurance
● Commercial general liability coverage
● Worker’s compensation insurance
● Professional liability coverage
● Inland Marine insurance
● Power sports (motorcycles, boats, etc.) insurance
Of each of these, there are of course a variety of policy options as well.
Steps to Licensure
Obviously, you will need to pass the property and casualty insurance exam to be licensed but
what exactly is the process?
Study and Coursework
You can do a self-study process to help you prepare for the exam or you can take a prelicensing
course for the exam. You can also do a combination of both.
Whatever you choose, be sure you have a reliable resource for your materials. You will need to
plan to devote somewhere around 40 hours to study time before you take the exam, outside of
any courses that you decide to take. (These hours vary by state)
Pass the Required Exam
The exam that you take will be specific to your state. The required passing score may also vary
by state but it will be a minimum of 70% and in some states is as high as 80% so you will want
to achieve at least these scores on your practice exams as well. (some state requirements may
Be sure you know and understand the requirements of your testing site. When taking the exam,
read each question carefully and each answer as well before selecting an answer. You can
typically mark a question for review and return to it later if you are stumped.
Following the Exam
Once you have passed your property and casualty insurance exam, you will need to obtain the
licensing necessary. To do so, you will probably go through some sort of registration process
with the firm or company you are working with. Then you may apply for your license within the
From there, you will simply need to complete the required continuing education requirements
to be sure your license doesn’t lapse.
Note: You must renew your license as well as pay fees in some states
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