Property & Casualty 6-Week Study Plan
The Property and Casualty Insurance License Exam requires deep comprehension of official blueprint standards, rigorous scenario application, and timed test stamina. Follow this structured 6-week schedule to budget your study hours, complete full timed mocks, and memorize the essential first-5-minute dry-erase dump sheet.
Structured 6-Week Study Schedule
Domain 1: Insurance Fundamentals, Risk & Contract Law
Insurable interest, peril vs hazard, elements of a valid contract (offer/acceptance, consideration, competent parties, legal purpose), indemnity, warranties vs representations, and producer authority (express, implied, apparent). Goal: 85%+ on Domain 1.
Domain 2: Personal Lines Property & Homeowners
Dwelling policies (DP-1, DP-2, DP-3), Homeowners forms (HO-2 through HO-8), Coverages A, B, C, D, E, F, endorsements (earthquake, flood / NFIP, water backup), and coinsurance math. Goal: 80%+ on Domain 2.
Domain 3: Personal Auto & Umbrella Coverage
Personal Auto Policy (PAP) parts A (Liability), B (Med Pay), C (UM/UIM), D (Physical Damage: Collision vs Comprehensive/Other-Than-Collision). Split limits vs single limits, and Personal Umbrella liability. Goal: 80%+ on Domain 3.
Domain 4: Commercial Lines: Property, CGL & Auto
Commercial Property forms, cause of loss forms (Basic, Broad, Special), Commercial General Liability (CGL Occurrence vs Claims-Made, retroactive date, ERP), Business Auto Policy, and Workers' Compensation (Part 1 Statutory vs Part 2 Employer Liability). Goal: 80%+ on Domain 4.
Domain 5: State Regulations, Statutes & Ethics
State Department of Insurance duties, commissioner powers, licensing requirements, CE credits, unfair trade practices (rebating, twisting, misrepresentation, churning), and guaranty association caps. Goal: 85%+ on Domain 5.
Full-Length Mock Exams & Rapid Formula Drills
Take 2-3 full 100-question timed mocks (150 mins). Review distractor autopsies for every missed question, memorize coverage limit percentages, and cement state statute numbers.
Exam Day First-5-Minute Dry-Erase Dump Sheet
When beginning your examination, reproduce these high-yield rules, key tables, and formulas on your provided scratch paper during the initial tutorial period before launching Question 1:
Property & Casualty Core Formulas & Essential Blueprint Facts
1. PROPERTY INSURANCE MATH: - Coinsurance: Payment = [Did / (Value * Coinsurance %)] * Loss - Deductible - ACV = Replacement Cost - Depreciation - Pro-Rata Liability: Company Share = (Company Limit / Total Limit of All Companies) * Loss 2. HOMEOWNERS COVERAGE LETTERS & BASE LIMITS: - Coverage A: Dwelling (100%) - Coverage B: Other Structures (10% of A) - Coverage C: Personal Property (50% of A; 10% worldwide off-premises) - Coverage D: Loss of Use (30% of A on HO-3) - Coverage E: Personal Liability (Single limit, typically $100,000) - Coverage F: Medical Payments to Others ($1,000 per person; NO fault required) 3. ISO FORMS MATRIX: - HO-2: Broad Form (Named perils on A, B, C) - HO-3: Special Form (Open perils on A & B, Named perils on C) - HO-4: Contents Broad Form (Renters; Coverage C only) - HO-5: Comprehensive Form (Open perils on A, B, and C) - HO-6: Condominium Unit-Owners (Named perils on C + interior additions) - HO-8: Modified Coverage (Older homes; ACV / Functional Replacement)
📝 Scored Practice Exam
Test your readiness with our full timed 100-question simulator with distractor autopsies.
Launch Simulator →📖 Modular Study Guide
Review all chapters, primary source citations, and interactive knowledge checkpoints.
Read Study Guide →⚡ Exam-Day Cheat Sheet
Review all 6 high-yield tables, classifications, and regulatory summaries.
View Cheat Sheet →