Property and casualty insurance are two of the largest insurance sectors in existence. As such, they offer a wide range of related jobs that can provide excellent living. Plenty of these jobs require state certifications and licenses. Getting those licenses might put you on the path to a property and casualty insurance exam. If you’re thinking seriously about this path, you need to look into prep courses. Before you go that far, though, these three, common questions might help you better understand what lies ahead.
What’s in the Test?
Every state handles its own insurance licensing. Because of that, the answer to most questions will vary by state. This is no exception. The exact content of the exam will be tailored for state laws and regulations. That said, any exam can usually be broken into two sections, each consisting of eight parts.
The first part covers property insurance and includes insurance regulation, general knowledge, property insurance, dwellings, homeowners, commercial policy, business owners and other policies.
The second part focuses on casualty insurance and can be split into insurance regulation, general insurance, casualty insurance, homeowners, auto, commercial policy, business owners and other.
A proper prep course should handle all 16 topics.
Where Do You Take the Test?
Again, each state sets its own rules. For the majority of states, you can expect the licensing exam to take place at an official facility and professionally proctored. California, for example, has a licensing bureau that handles the entire testing process. You can schedule your appointment online (they will check your prerequisites). On the day of the exam, you will arrive at an official testing site and go from there.
Some states may outsource the examination to proctor groups. Because of the diversity of testing environments, it’s always best to double check with the specific exam administrators to ensure you are prepared for any specific rules that may be in play.
Do You Really Need a Prep Course?
Many states require you to complete the prep course before you are eligible to take an exam. Even when that isn’t the case, a prep course is the best resource to ensure you have covered all of the important material. It will also serve as a failsafe to keep your I’s dotted and T’s crossed. The licensing procedure includes plenty of paperwork and administrative filing. Your prep course can protect you from unintended clerical errors that might hinder the process.
Any state licensing program can feel more complicated than it really is. The key is to into a program with seasoned veterans. They can fully prepare you for your property and casualty insurance exam and get you on the path to your new career.