Property and casualty personal lines examination — Information & Free Practice
US-KY · Examination information
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Property and casualty personal lines examination
- Provider
- Kentucky Department of Insurance
- Format
- Computerized written examination
- Exam questions
- 50 questions
- Passing score
- 70%
Examination outline
Principles of Insurance (8%)
- Risk
- Managing Risk
- Law of Large Numbers
- Elements of Insurability
- Pure Risk, Speculative Risk
- Insurable Interest
- Other Elements of Insurability
- Other Insurance Terms
- Peril
- Hazard
The Insurance Contract (6%)
- Elements of a Valid Contract
- Offer and Acceptance
- Consideration
- Characteristics of an Insurance Contract
- Principle of Indemnity
- Personal
- Unilateral
- Parts of the Insurance Contract
- Policy Organization
Insurance Company Organization and Regulation (2%)
- Types of Insurance Organizations
- Stock and Mutual Companies
- Lines of Insurance
- Four Lines of Insurance
- Insurance Company Organization
- The Agent
- Insurance Marketing Systems
- Other Insurance Functions
- Regulation
- Regulation and the Company
- Regulation and the Agent
The Insurance Transaction (8%)
- Application
- Binders
- Underwriting the Policy
- Fair Credit Reporting Act
- Rating the Policy
- Judgment and Manual Rating
- Certificate of Insurance
- Misrepresentation, Concealment, and Fraud
- Representations and Warranties
- Waiver and Estoppel
- Cancellation and Nonrenewal
Introduction to Property Insurance (6%)
- Declarations
- Who is Insured
- What Property is Covered and Where
- How Much Property is Insured for
- Insuring Agreement
- Property Covered
- Perils Insured Against
- Exclusions and Limitations
- Conditions
- Duties Following Loss
- Valuation
- Coinsurance
- Deductible
- Salvage and Abandonment
- Subrogation
- Appraisal and Arbitration
- Other insurance
- Assignment
Introduction to Liability Insurance (6%)
- Negligence
- Definition
- Establishing Negligence
- Defenses Against Negligence
- Contributory and Comparative Negligence
- Absolute Liability
- Vicarious Liability
- Liability Insurance
- Third Party Losses
- Insuring Agreement
- Exclusions
- Conditions
Dwelling Insurance (8%)
- The Dwelling Policy
- Perils Insured Against
- Other Coverages
- Conditions
- Basic Policy Coverages
- Replacement Cost Coverage
- Other Endorsements
Homeowners Insurance (18%)
- The Homeowners Policy
- Eligibility, Insureds
- Extent and Scope of Homeowners Coverage
- HO-3 - Special Form
- HO-4 - Contents Broad Form
- HO-6 - Unit-Owners Form
- Section I - Property
- Coverage C - Personal Property
- Coverage D - Loss of Use
- Additional Coverages
- Perils Insured Against
- Limits of Liability, Deductible
- Section II - Liability
- Coverage E - Personal Liability
- Coverage F - Medical Payments to Others
- Exclusions
- Additional Coverages
- Homeowners Endorsements
- Section I Endorsements
- Limited Fungi, Wet or Dry Rot, or Bacteria Coverage
Personal Auto Insurance (18%)
- Definitions
- Part A - Liability Coverage
- Coverage
- Who is an Insured
- Supplementary Payments
- Exclusions
- Part B - Medical Payments Coverage
- Exclusions
- Part C - Uninsured Motorists Coverage
- Definition of Uninsured Motor Vehicle
- Exclusions
- Other Insurance
- Part D - Coverage for Damage to Your Auto
- Coverage
- Transportation Expenses
- Exclusions
- Other Provisions
- Parts E and F - Conditions
- Underinsured Motorists Coverage
- Personal Auto Policy Endorsements
Miscellaneous Personal Insurance (12%)
- Flood Insurance
- Coverage
- National Flood Insurance Program
- Earthquake Insurance
- Mobile Home Insurance
- Personal Inland Marine Insurance
- Personal Inland Marine Forms
- Personal Watercraft Insurance
- Boatowners and Outboard Motor and Boat Policies
- Personal Yacht Policies
- Personal Umbrella Insurance
- Coverage for Excluded Losses
- FAIR Plans
Insurance Code — Kentucky Law (8%)
- Scope, General Definitions, and Provisions KRS 304.1
- Definition of Property Insurance KRS 304.5-050
- Agent Licensing
- Definitions KRS 304.9-020 to 051
- Licensing Requirements KRS 304.9-080 to 120
- Change of Address KRS 304.9-200
- License Renewal KRS 304.9-260
- Continuing Education KRS 304.9-295
- Record Retention KRS 304.9-390
- Suspension or Revocation of License KRS 304.9-440
- Reporting of Criminal or Administrative Actions KRS 304.9-467
- Prohibited Practices in Replacement or Repair of Automobile Glass; Penalties KRS 304.9-470
- Surplus Lines KRS 304.10
- Unfair Practices, Advertising, Illegal Inducements KRS 304.12-010 to 110
- Lender Insurance Requirements KRS 304.12-150
- Unfair Claims Settlement Practices KRS 304.12-230
- Auto Insurance Plan KRS 304.13-151
- Insurance Contract KRS 304.14
- Personal Auto Policies Declanation, Nonrenewal, and Cancellation KRS 304.20-040
- Declination, Nonrenewal, and Cancellation KRS 304.20-300 to 350
- Insurance Guaranty Fund KRS 304.36-030
- Motor Vehicle Insurance No-Fault KRS 304.39
- Insurance Fraud KRS 304.47-020
- Conversion of Premium KRS 304.99-010
Examination sources
- Kentucky Department of Insurance
Page 1: complete published scope
- Kentucky Department of Insurance
Page 2: complete published scope
- Kentucky Department of Insurance
Page 3: complete published scope
- Kentucky Department of Insurance
Page 4: complete published scope
- KRS 304.9-180
KRS 304.9-180(2)
- KRS 304.9-160
KRS 304.9-160(1)
- 806 KAR 9:025 Licensing process
806 KAR 9:025 Section 2(5)
- Kentucky Department of Insurance
About Exam Results
- 806 KAR 9:025 Licensing process
806 KAR 9:025 Section 2(3)(e)
- 806 KAR 9:025 Licensing process
806 KAR 9:025 Section 2(2)
- Kentucky Department of Insurance
Opening scheduling instructions
Related license preparation
This examination may be required or accepted as an alternative, depending on the license and application pathway.