This Property & Casualty Insurance cheat sheet distills the national (general) portion of the state producer licensing exam into a printable rundown of the facts examiners test most. It's a premium cheat sheet built by Capital Prep — the one premium prep we trust — and it's yours free. Reinforce it with the rest of your free P&C toolkit: the practice test, study guide, and flashcards.
Property & Casualty Insurance exam at a glance
- Questions: ~100–150 multiple-choice (general portion + state-law portion; varies by state)
- Time: About 2–3 hours, depending on state and license type
- Passing score: Typically 70% (California is a low outlier at 60%; a few states use 75%)
- Cost: Exam fee commonly ~$40–$120, plus a separate state license application fee
- Administered by: Your state Department of Insurance via PSI, Pearson VUE, or Prometric
What’s on the Property & Casualty Insurance cheat sheet
- Property — Homeowners & Dwelling (~28%) — HO-1 through HO-8 forms, DP dwelling forms, Coverages A–F, named vs open peril, ACV vs replacement cost, and coinsurance.
- Auto — Personal & Commercial (~24%) — the Personal Auto Policy (PAP) parts, UM/UIM, comprehensive vs collision, split vs combined single limits, and no-fault/PIP.
- Casualty / Liability (~20%) — the four elements of negligence, damages, CGL, workers' compensation, umbrella coverage, and occurrence vs claims-made triggers.
- Insurance & Contract Basics (~16%) — the indemnity trio, perils vs hazards, the five contract characteristics, utmost good faith, and the DICE policy structure.
- Regulation, Ethics & State Law (~12%) — producer licensing, agent authority, binders, and unfair trade practices such as rebating and twisting.
How to use it in your final week
- Lock in the HO forms cold: HO-3 = open on the house, named on your stuff (most common); HO-5 = open on both; HO-4 = renters (no dwelling); HO-6 = condo; HO-8 = older homes settled on a modified/ACV basis.
- Rehearse the coinsurance formula until it's automatic — Payment = (Did ÷ Should) × Loss − Deductible — and remember the penalty hits partial losses only; a total loss just pays the limit.
- Drill the term pairs the exam loves to swap: moral (dishonest intent) vs morale (careless indifference), representation vs warranty, concealment vs misrepresentation, comprehensive vs collision.
- Read the sheet once the morning of the test for a final pass on the memory hooks — the DICE parts, the indemnity trio, split vs combined single limits, and UM/UIM — then confirm any state-specific number against your candidate bulletin.
The cheat sheet is your review layer — your Property & Casualty Insurance practice test drives the exam-readiness ring at the top of this page. Download it, review, then take a full practice exam (or drill with the study guide and flashcards) to see where you stand.
Property & Casualty Insurance cheat sheet FAQ
Yes — the P&C cheat sheet downloads as a PDF for free, with no sign-up or account required. It's part of Career Employer's free P&C toolkit alongside the practice test, study guide, and flashcards.
It condenses the highest-yield producer-exam facts into a quick reference: the indemnity trio, DICE policy parts, homeowners (HO) and dwelling (DP) forms, coinsurance math, negligence and liability limits, auto (PAP) coverages, and the regulatory term pairs — grouped by the general portion's main content areas.
The sheet locks in the national (general portion) facts that carry across every state. Your state-law portion — the specific insurance code, licensing rules, and unfair trade practices — is set by your state, so pair the sheet with your state-approved pre-licensing material for that section.
No — the sheet is a review and last-week cram aid, not a full course. Most producer exams run roughly 100 to 150 questions and require about 70% to pass (California is a low outlier at 60%), so use the sheet to fix the facts and the practice test to build your readiness score.
Click the download button or the preview card at the top of this page to open the PDF instantly. Bookmark this page so it's easy to find again during your final week before test day.
References
- 1.National Association of Insurance Commissioners. “Producer Licensing.” NAIC.org, 2026. ↑
- 2.Insurance Information Institute. “Understanding Your Homeowners Insurance Policy.” III.org, 2026. ↑
- 3.Insurance Information Institute. “Coinsurance.” III.org, 2026. ↑
- 4.Insurance Information Institute. “Auto Insurance Basics — Understanding Your Coverage.” III.org, 2026. ↑
- 5.Federal Emergency Management Agency. “Flood Insurance (National Flood Insurance Program).” FEMA.gov, 2026. ↑
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