Property and Casualty Insurance Exam Study Guide

Digital download. No printed book will be shipped. Review property and casualty exam topics in one 80-page PDF, with written practice questions, answers and rationales.

Inside the PDF

• Insurance, contract and policy basics, loss valuation, claims and liability.
• Dwelling, homeowners, auto, commercial property and general-liability topics.
• Workers' compensation, specialty coverage, bonds, federal-law and ethics review.
• 160 authored practice questions with answers and rationales, nine worked examples and internal review references.

General-knowledge portion only. This is not a state-specific insurance-law supplement or an adjuster licensing course. Use your state candidate handbook for local requirements.

All listed notes, practice and review references are inside this one PDF. No separate flashcards, planner, course, exam voucher or license is included. Use alongside official exam materials and your required training. Confirm the current outline and requirements for your license, testing provider and jurisdiction before choosing this edition. This is an educational study aid, not personal insurance, legal, tax or financial advice. Purchasing it does not guarantee a passing result.

Independent study aid

This is an independent study aid created to supplement, not replace, your pre-licensing course and official exam materials. BusyExamPrep is not affiliated with or endorsed by Pearson VUE, PSI, Prometric, Insurance Services Office (ISO), FEMA, the NAIC or any state insurance department. Pearson VUE, PSI, Prometric and ISO are trademarks of their respective owners. State laws and policy forms vary, so always check your state insurance department and your candidate handbook.

Digital delivery

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Personal use only. Making copies for other individuals, sharing files or download links, distributing or reselling these materials is not allowed.

Last updated: October 2026.

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This property and casualty insurance exam study guide covers the general-knowledge (national) portion of the P&C producer licensing exam, topic by topic, so it works in any state. It follows the current Pearson VUE Property and Casualty general-knowledge content outlines in order and in proportion, and maps the PSI and Prometric P&C outlines onto the same sections. Built for pre-licensing students, career changers and anyone retaking the exam.

80 pages. 160 exam-style practice questions with an answer key and a rationale for every item, plus 9 fully worked examples.

WHAT'S INSIDE
• How the exam works with each major testing vendor: scored and pretest items, timing, passing scores, ID and calculator rules, retakes, and how the state portion fits
• All three vendor outlines in tables with their item counts and weights, mapped to the sections of this guide, plus a checklist of state rules to look up for your state portion
• Insurance basics: risk, hazards (moral, morale, physical), perils, the law of large numbers, insurable risks, types of insurers, reinsurance, producers and the law of agency
• Contract law and underwriting: contract elements, adhesion, aleatory and unilateral contracts, warranties, representations, concealment, fraud, waiver and estoppel, binders and rating
• Policy structure and common conditions: declarations, insuring agreement, exclusions, cancellation and nonrenewal, vacancy, appraisal, subrogation, mortgage clause, other insurance, limits
• Loss valuation and claims: ACV, replacement cost, agreed value, coinsurance math, the homeowners 80% rule, deductibles and the loss settlement process
• Negligence and legal liability, comparative negligence and types of damages
• Dwelling policies DP-1, DP-2 and DP-3
• Homeowners HO-2, HO-3, HO-4, HO-5, HO-6 and HO-8: Coverages A–F, special limits, the 16 named perils, exclusions, Section II and common endorsements, with a which-form-covers-what chart
• Inland marine floaters, flood insurance (NFIP limits, waiting period, mandatory purchase), earthquake, mobile homes, watercraft, farm and residual markets
• Commercial property and the commercial package policy: building and personal property form, causes of loss forms, business income and extra expense, builders risk, equipment breakdown, commercial inland marine and cyber first-party coverage
• The businessowners policy (BOP)
• The personal auto policy Parts A–F and the state auto laws behind it (financial responsibility, no-fault, UM/UIM rejection, auto plans), commercial auto covered auto symbols, rental reimbursement, garagekeepers and motor carrier rules
• Commercial general liability: Coverages A, B and C, limits, and occurrence vs claims-made with a drawn timeline
• Workers' compensation and employers liability: who counts as an employee, what is work-related, federal acts (Longshore, Jones Act, FELA) and premium calculation
• Commercial crime, fidelity and surety bonds, professional and specialty liability (E&O, D&O, EPLI, cyber, liquor) and umbrella and excess liability
• Federal laws on the exam: FCRA, Gramm-Leach-Bliley privacy rules, TRIA and insurance fraud laws
• A high-yield cram sheet, a numbers-to-know table and a 92-term glossary
• Sources page listing the official materials and laws the facts were checked against

HOW IT'S BUILT
• 66 tables and 13 drawn diagrams, including a blueprint chart, homeowners forms chart, coinsurance formula, NFIP limits chart, CPP diagram, claims-made timeline, surety triangle and umbrella diagram
• Color-coded key fact, exam tip, common trap and memory aid boxes
• Every calculation worked step by step and recomputed
• Homeowners and personal auto forms explained in plain English from the standard forms as posted or filed with state insurance regulators; commercial lines explained from the current ISO commercial forms at the level the outlines test; flood rules from the NFIP regulations; federal laws from the U.S. Code and eCFR
• A score-by-area table so you know exactly what to reread

HOW YOU GET IT
One PDF, letter size. Print at home or study on a tablet or phone.

This is an independent study aid created to supplement, not replace, your pre-licensing course and official exam materials. BusyExamPrep is not affiliated with or endorsed by Pearson VUE, PSI, Prometric, Insurance Services Office (ISO), FEMA, the NAIC or any state insurance department. Pearson VUE, PSI, Prometric and ISO are trademarks of their respective owners. State laws and policy forms vary, so always check your state insurance department and your candidate handbook.
For personal study use only. Please do not resell, share, or redistribute the files.