What are the two major lines of property casualty insurance firms?
Property casualty insurance can be broken down into two major categories: commercial lines and personal lines. Commercial lines accounts for about half of the U.S. property casualty insurance industry, and includes the many kinds of insurance products designed for businesses.
How many questions are on the P&C exam?
Examinations: Time Limit and Number of Questions
| Examination Type | Time Allowed | Number of Questions |
|---|---|---|
| Property Broker-Agent | 1.5 hours | 75 |
| Casualty Broker-Agent | 1.5 hours | 75 |
| Personal Lines Broker-Agent | 2 hours | 90 |
| Commercial | 1.5 hours | 60 |
What does P&C mean?
P&C
| Acronym | Definition |
|---|---|
| P&C | Property and Casualty (insurance) |
| P&C | Point & Click |
| P&C | Personal and Commercial (banking) |
| P&C | People & Culture (various organizations) |
What are P&C lines?
Property/casualty insurance can be broken down into two major categories: commercial lines or types of insurance and personal lines. Personal lines, as the term suggests, includes coverages for individuals—auto and homeowners insurance. Commercial insurance performs a critical role in the world economy.
What are the topics on the property casualty exam?
The topics covered on the Property & Casualty Insurance Exam depend on the state board. Below are some of the possible categories for this exam. Types of Policies. Example topics include limited-pay, single-premium life, and ordinary whole life. Parts of a Policy.
What do you mean by property and casualty insurance?
& Casualty (P&C) coverage? Insurance that provides a business with financial protection against a covered loss or damage to its physical location and property, as well as from liability claims against the business for bodily injury or property damage caused by the operations or products of the business.
Can a non resident take the property casualty exam?
The qualifications for taking the Property & Casualty Insurance Exam depend on many factors including the state’s regulations, and whether or not the applicant is applying for a state license outside of their residency. An example is a Maryland resident applying for a non-resident Florida insurance license.
Do you need legal advice for property and casualty insurance?
It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If legal advice or other expert assistance is required, the services of a competent professional should be sought. PROPERTY AND CASUALTY INSURANCE LICENSE EXAM MANUAL, 1ST EDITION, REVISED ©2010 Kaplan, Inc.