Insurance Laws - For The Property and Casualty Insurance Exam (2025)

General Laws & Regulations for Property & Casualty Insurance Exams (National-Level)
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This lesson covers the national-level Property & Casualty insurance laws, regulations, producer duties, and market rules that appear on every P&C, Personal Lines, and Commercial Lines exam in all 50 states + D.C.
These concepts are universal and form the foundation of your state licensing exam.

🧠 In this video, you’ll learn:

• The role and authority of the Commissioner / Director / Superintendent
• Licensing rules for producers, agencies, and nonresidents
• Appointment, termination, CE rules, renewals & reporting requirements
• Types of authority (express, implied, apparent)
• Fiduciary duties & proper handling of premium funds
• Unfair trade practices (rebating, coercion, misrepresentation, etc.)
• Unfair claims settlement practices
• Recordkeeping rules & compliance standards
• Binders, cancellation rules, nonrenewals, reinstatements
• Auto financial responsibility basics (national standards)
• UM/UIM general rules
• Workers Compensation basic structure
• Residual market mechanisms (Assigned Risk Plans, FAIR Plans, JUAs)
• National Flood Insurance Program (NFIP) overview
• What’s universal nationwide vs. what varies by state

This video gives you the complete framework for the P&C side of your exam.
After this, all you’ll need to add are your state’s specific numbers, timeframes, and penalty rules.

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🎥 Next Steps:

Once you finish this general overview, make sure you watch your state-specific Property & Casualty Laws & Regulations playlist, where we cover:
• State-specific auto limits
• Cancellation & nonrenewal timelines
• Licensing requirements
• Homeowners & commercial rules unique to your state
• Special state funds & programs
• Exact penalties, fines & regulatory timelines

New state lessons are added weekly — Texas, Florida, Illinois, and more coming soon!

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