Property and Casualty Insurance License

#1
KnoxRealtorVOL

KnoxRealtorVOL

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Jan 26, 2010
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#1
Went through my course study of it last week. I have a self-study week with the company that hired me (Answer Financial) and I'm taking my test this Friday.

Anyone have any experience with this test that can give me some advice?
 
#2
#2
It's tough....Study hard make sure you know your stuff.

You should be able to make an 80 on each practice test before you go take the real thing
 
#3
#3
Never seen the TN version. The GA version encompasses a lot of info though. Not what I'd call hard, but you definitely need to study for it.
 
#6
#6
Been licensed for almost 9 years. I studied hard, took me just over an hour to complete both tests. For me, the life and health tests were alot harder. Good luck. Just know your not entering an occupation that will be six figures. Most people are mislead and change carriers once they realize the average pay around here is between 35-40K. Successful commercial accounts can increase pay.
 
#7
#7
Jeepkuntry said:
Been licensed for almost 9 years. I studied hard, took me just over an hour to complete both tests. For me, the life and health tests were alot harder. Good luck. Just know your not entering an occupation that will be six figures. Most people are mislead and change carriers once they realize the average pay around here is between 35-40K. Successful commercial accounts can increase pay.
Click to expand...

There's money to be made if you get in the right niche. I'm not saying. I'm just saying. :whistling:
 
#8
#8
Thanks guys. Took the test this morning. Passed the casualty and missed the property by 3 POINTS! Ugh I'm so pissed about it. I get to take it once more though and still be sponsored by my company. Highly annoyed by this.
 
#9
#9
Jeepkuntry said:
Been licensed for almost 9 years. I studied hard, took me just over an hour to complete both tests. For me, the life and health tests were alot harder. Good luck. Just know your not entering an occupation that will be six figures. Most people are mislead and change carriers once they realize the average pay around here is between 35-40K. Successful commercial accounts can increase pay.
Click to expand...

As a Florida agent I find it hard to relate to agents in other states. I see commercial property being written with .25 rates in other states and can't fathom how much work it must take just to get to , let alone over that six figure mark.

Every piece of property down here is expensive to insure and most everything older than 10 years is in a surplus market - and in SW Florida that means .70 to .90 cent rates for property with wind. There are exceptions but generally speaking if you go to work each day and lean in it would be hard not to have a $2mm commercial book of business in five or six years. If you can average a 12.5% commission and your agency gives you favorable new and renewal rates (40%) then six figures isn't that hard to achieve.

The bad news is that insurance agencies down here are like churches up there, it's big business and there's one on every corner.
 
#10
#10
chatt-townVOL said:
Went through my course study of it last week. I have a self-study week with the company that hired me (Answer Financial) and I'm taking my test this Friday.

Anyone have any experience with this test that can give me some advice?
Click to expand...

It is not hard at all.

I took my Series 6 test...that was kinda tough like a College test.

I then took my Series 7....now that...that was tough.

P&C test is easy.

It is multiple choice. They will ask you the stuff that you think isn't a big deal.

Know dates. Know the laws. You will be fine.

If you are taking the pre-test and getting 90's you will pass.
 
#11
#11
You guys think the P&C was hard?

Maybe it's changed in the last 10 years.

I got mine over a decade ago when I was still in Insurance so maybe things changed.

Every licensed I had has lapsed.
 
#12
#12
NEOCON said:
You guys think the P&C was hard?

Maybe it's changed in the last 10 years.

I got mine over a decade ago when I was still in Insurance so maybe things changed.

Every licensed I had has lapsed.
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It was tough. They said in my pre-licensing course that they didn't know 100% what to teach us because they just changed the test and made it harder. Apparently too many people are getting licensed and there aren't jobs out there for them so they are upping the screening process with a tougher test. Casualty was easy. Property was a LOT of fine print stuff as opposed to knowing policies and exclusions.
 
#13
#13
NEOCON said:
If you are taking the pre-test and getting 90's you will pass.
Click to expand...

I know know what happened man but I was killing the pre-tests. They were easy by the time I was done with my class and self-study. Then when I got to the property exam I saw maybe 15 questions out of 60 that covered what the practice test covered. Very frustrating.
 
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