Free Property and Casualty Exam Questions and Answers PDF (2026) - 270 Questions

The property and casualty exam has the largest vocabulary of the insurance license lines, so practice volume matters most here. This page gives you a free property and casualty exam questions and answers PDF - 270 multiple-choice questions with the correct answer and a full explanation for each - plus sample questions to try right now.

Download the free Property & Casualty Q&A PDF

What is inside the free Property & Casualty PDF

270 multiple-choice questions covering the national Property & Casualty content outline
The correct answer and a plain-English explanation for every question
A 178-page printable format you can study offline, with no registration or email required

What the property & casualty exam covers

Every Property & Casualty producer exam is built from a national content outline plus a state-law section. The national topics in this question bank are:

Property basics: homeowners forms (HO-2 through HO-8), dwelling forms, and what each covers
Commercial property, business income, coinsurance, and inland marine
Legal liability and negligence: the elements, defenses, and vicarious liability
Personal auto policy: the six parts and how limits apply
Commercial general liability: coverage parts and occurrence vs. claims-made
Workers compensation, bonds, and crime coverage
Claims handling, valuation (ACV vs. replacement cost), and producer ethics

Sample property & casualty exam questions with answers

Try these five questions from the bank. The full PDF and the interactive tests on this site include many more.

Question 1: What is 'professional liability' insurance?

A. Insurance for trade unions
B. Insurance for professional athletes
C. Coverage for claims arising from professional errors, omissions, or negligence
D. Coverage for professional equipment

Answer: C. Coverage for claims arising from professional errors, omissions, or negligence

Explanation: Professional liability insurance (errors and omissions or malpractice insurance) covers claims arising from professional mistakes, negligent acts, or failure to perform professional duties.

Question 2: What is 'SR-22' in auto insurance?

A. A type of sports car coverage
B. A certificate proving minimum liability coverage, required after certain violations
C. A senior driver discount
D. A special rating factor

Answer: B. A certificate proving minimum liability coverage, required after certain violations

Explanation: An SR-22 is a certificate of financial responsibility that proves a driver carries at least the minimum required auto liability insurance. It's typically required after serious violations like DUI or driving without insurance.

Question 3: What is 'fidelity bond' coverage?

A. Contract performance bonds
B. Coverage for loss due to employee theft or dishonesty
C. Marriage insurance
D. Coverage for faithful employees

Answer: B. Coverage for loss due to employee theft or dishonesty

Explanation: Fidelity bonds protect employers against losses caused by dishonest acts of employees, including theft of money, securities, or property. They can cover named individuals or all employees.

Question 4: Business income coverage is generally intended to replace what after a covered property loss?

A. Lost net income and certain continuing expenses during restoration
B. Punitive damages in a lawsuit
C. Employee workers compensation benefits only
D. The owner's personal medical bills

Answer: A. Lost net income and certain continuing expenses during restoration

Explanation: Business income coverage can help replace lost income and continuing expenses when operations are suspended due to covered physical loss or damage.

Question 5: Which principle says the insured should be restored to the financial position held before the loss, not profit from the loss?

A. Indemnity
B. Adhesion
C. Aleatory contract
D. Estoppel

Answer: A. Indemnity

Explanation: The principle of indemnity means insurance is intended to restore the insured after a covered loss, not create a profit from the claim.

Download all 270 Property & Casualty questions (PDF)

How to use this PDF to study

Work in sets of 20-30 questions and mark your answers on paper before checking the key.
Read the explanation for every question, including the ones you answered correctly.
Note the topics you miss most, then re-study those sections of your state's official candidate handbook.
When you are ready for exam conditions, take a timed interactive mock exam on your state's practice page.

Looking for property & casualty practice in your state?

The PDF covers the national material. For your state's specific rules, use its practice page - each links to the official candidate handbook and adds state-law context:

Frequently asked questions

Is the property and casualty PDF really free?

Yes. The P&C PDF is free to download and share in its original form, with no registration, email signup, or payment.

How many questions are in the P&C PDF?

It contains 270 multiple-choice questions - the largest of the three banks - covering the national property and casualty content outline, each with a full explanation.

Does the PDF cover both property and casualty?

Yes. It covers property topics (homeowners, dwelling, commercial property, inland marine) and casualty topics (liability, auto, commercial general liability, workers compensation, and claims).

Is the P&C exam harder than life or health?

Most candidates find P&C the most demanding because of its larger vocabulary and the number of policy forms. Practicing more questions with explanations is the most reliable way to prepare.

This PDF and the practice tests are an independent study resource. They are not affiliated with any state insurance department or exam vendor. Always verify current licensing requirements, fees, and exam details with your state insurance department and the official candidate handbook.