Florida Property & Casualty Insurance License Exam — Study Guide
Free, topic-by-topic study notes for the Florida Property & Casualty Insurance License Exam exam. Read a chapter, then practice it.
General Insurance Principles
This chapter covers the foundations shared by all property and casualty insurance: how risk works, the special nature of an insurance contract, and the core concepts of insurable interest and indemnity. These principles are consistent nationwide.
Property Insurance Fundamentals
This chapter explains how property losses are valued and paid: named versus open perils, actual cash value versus replacement cost, and the mechanics of deductibles, coinsurance, and coordination of multiple policies. These rules are the same in every state.
Dwelling Policy (DP)
The Dwelling program insures residential property, including rentals and homes that do not qualify for a Homeowners policy. This chapter covers the DP forms, the standardized coverage letters, and how the Dwelling policy differs from Homeowners coverage.
Homeowners Policy (HO)
Homeowners policies package property and personal liability coverage into a single contract for owner-occupants, renters, and condo owners. This chapter covers the standard HO forms, the Section I and Section II coverages, and how special limits work.
Personal Auto Policy
The Personal Auto Policy (PAP) is organized into standardized coverage parts. This chapter explains Parts A through D, split versus combined single limits, and the difference between uninsured and underinsured motorists coverage.
Casualty & Liability Insurance
Casualty insurance centers on legal liability to others. This chapter covers negligence and its elements, categories of liability, and how liability and umbrella policies respond to third-party claims. These legal concepts are consistent nationwide.
Commercial Lines
Commercial insurance covers the property and liability exposures of businesses. This chapter introduces commercial general liability, package policies, business income, and specialty property lines. The coverage concepts are national, though rates and forms may be filed by state.
Workers Compensation
Workers compensation is a no-fault system that pays statutory benefits to employees injured on the job. This chapter covers the exclusive-remedy concept, the benefits provided, and the two parts of the standard policy. Benefit amounts are set by each state, but the framework is national.
Policy Structure & Provisions
Every property and casualty policy shares a common structure and a set of standard provisions. This chapter covers the four basic parts of a policy, key conditions such as subrogation, and how coverage is bound and terminated. These provisions are consistent nationwide.
Florida P&C Insurance Law & Regulation
Florida splits insurance oversight between two bodies, and its consumer-protection rules are heavily tested. This chapter explains who does what and the market-conduct rules.
Florida No-Fault Auto Requirements
Florida is one of the few genuine no-fault auto states, and its minimum-coverage rules differ notably from most states.
Florida Agent Licensing & CE
How a person becomes and stays a licensed general-lines (P&C) agent in Florida.
Practice by topic
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