The Property and Casualty Insurance Cram Sheet
This cram sheet contains the distilled key topics that are likely to appear on your licensing exam. Review this information as the last thing you do before entering the test room, paying special attention to areas in which you feel you need the most review. You should also review the glossary for a complete listing of definitions of terms included on the exam.
BASIC TERMS AND CONCEPTS
Peril: A cause of loss [md] for example, fire, collision, or flood.
Hazard: Something that increases the chance of loss [md] for example, overloaded electrical outlets, worn brakes on a car, or building on a flood plain. ...