· Property & Casualty
New Mexico Property and Casualty Insurance Producer — Exam Prep
7
Sections
51
Lessons
500+
Practice questions
70%
Passing score
What you'll learn
Every section below is aligned with the content outline.
Section 1I. Types of Policies6 lessons+
I. Types of Policies
6 lessons
- Homeowners Forms — HO-2, HO-3, HO-4, HO-5, HO-6, HO-8
- Dwelling Forms — DP-1, DP-2, DP-3
- Commercial Lines — CPP, Commercial Property, BOP, Builders Risk, Cyber First-Party
- Inland Marine — Personal Articles Floaters and Commercial Property Floaters
- National Flood Insurance Program (NFIP)
- Other Coverages — Earthquake, Mobile Homes, Watercraft, Farm Owners, Windstorm
Section 2II. Insurance Terms and Related Concepts10 lessons+
II. Insurance Terms and Related Concepts
10 lessons
- Insurance Fundamentals — Law of Large Numbers, Insurable Interest, Risk Transfer
- Risk, Hazard, and Peril — Risk Management Techniques
- Loss and Valuation — Direct vs. Indirect Loss, ACV, Replacement Cost, Agreed Value, Salvage
- Proximate Cause, Deductible, Indemnity, and Limits of Liability
- Coinsurance, Insurance-to-Value, and Occurrence
- Cancellation, Nonrenewal, Vacancy, and Unoccupancy
- Liability and Negligence — Elements, Types, and Defenses
- Binders, Endorsements, Blanket vs. Specific, and Crime Definitions
- Warranties, Representations, Concealment, Deposit Premium and Audit, Certificate of Insurance
- Damages and the Fair Credit Reporting Act (FCRA)
Section 3III. Policy Provisions and Contract Law8 lessons+
III. Policy Provisions and Contract Law
8 lessons
- Policy Structure — Declarations, Insuring Agreement, Conditions, Exclusions
- Definition of the Insured; Duties of the Insured; Obligations of the Insurance Company
- Mortgagee Rights; Proof of Loss; Notice of Claim; Appraisal
- Other-Insurance Provisions and Subrogation
- Elements of a Contract and Distinctive Characteristics of Insurance Contracts
- Warranties, Representations, and Concealment in Contract Law
- Sources of Underwriting Information; FCRA; GLBA Privacy Protection
- Policy Application; Terrorism Risk Insurance Act (TRIA); Policy Territory
Section 4IV. Types of Policies, Bonds, and Related Terms9 lessons+
IV. Types of Policies, Bonds, and Related Terms
9 lessons
- Commercial General Liability (CGL)
- Personal Auto Policy (PAP)
- Business Auto, Garage, and Mobile Equipment
- Workers' Compensation and Employers Liability
- Commercial Crime
- Surety and Fidelity Bonds
- Professional Liability
- Umbrella and Excess Liability
- Businessowners Policy (BOP)
Section 5V. Insurance Terms and Related Concepts (Casualty emphasis)8 lessons+
V. Insurance Terms and Related Concepts (Casualty emphasis)
8 lessons
- Risk and Hazards in a Casualty Context
- Indemnity and Insurable Interest Applied to Casualty
- Loss Valuation in Casualty — Auto Physical Damage, Crime, and Bodily Injury
- Negligence, Liability, and Occurrence — Casualty Application
- Binders, Warranties, Representations, and Concealment — Casualty Practice
- Deposit Premium, Premium Audit, and Certificates of Insurance
- Law of Large Numbers and Pure vs. Speculative Risk — Casualty Application
- Endorsements, Damages, and FCRA Compliance in Casualty
Section 6VI. New Mexico Insurance Code and Office of Superintendent of Insurance5 lessons+
VI. New Mexico Insurance Code and Office of Superintendent of Insurance
5 lessons
- New Mexico OSI — authority, examinations, orders, penalties
- Producer licensing in New Mexico — types, qualifications, CE, appointment, termination
- Unfair methods of competition and unfair/deceptive acts and practices
- Claims handling — prompt pay, fair settlement practices, notice requirements
- Rating and underwriting practices — prohibited discrimination, credit-based insurance scoring
Section 7VII. New Mexico Statutes Pertinent to Property and Casualty5 lessons+
VII. New Mexico Statutes Pertinent to Property and Casualty
5 lessons
- Cancellation and nonrenewal — homeowners and auto notice requirements
- New Mexico auto insurance — compulsory liability (25/50/10), mandatory UM/UIM (written rejection), MFRA
- New Mexico residual property market — Property Insurance Loss Mitigation Bureau and FAIR Plan
- New Mexico Workers' Compensation — no-fault system, opt-out provisions, NM Mutual + private market
- New Mexico Property and Casualty Insurance Guaranty Association — protection on insurer insolvency
How it works
1
Enroll
One-time payment of $49.99. Secure checkout powered by Stripe.
2
Study on your schedule
Read the lesson library, take section quizzes, and work through the practice-question bank as many times as you need.
3
Pass the real exam
Take the official exam with confidence. Most students finish the course in 2-4 weeks of casual study.
FAQ
How long is the Property & Casualty licensing exam?+
The Property & Casualty licensing exam typically runs 150 scored questions. You will have roughly 2-2.5 hours of seat time at the test center, and a passing score is 70%.
Does require state-approved pre-licensing education?+
does not require state-approved pre-licensing education for this line. You can study independently with this course and sit for the exam directly -- no separate PLE certificate is required.
How many practice questions does this course include?+
This course includes 500+ practice questions across section quizzes and a full-length 150-question final exam simulator that mirrors the real Property & Casualty exam format. You can retake every quiz as many times as you want -- there is no cap.
How long do I have access to the course?+
Lifetime. After purchase you are enrolled immediately and can log in from any device -- laptop, tablet, or phone. Your progress syncs automatically and access never expires.
What if I fail the real exam?+
You can reschedule and retake the real exam through your state's testing vendor (typically Pearson VUE or PSI) -- you will pay the exam fee again. Your course access stays with you the whole time, so you can review the sections you missed and try again. Most students who fail on the first attempt pass on the second after a focused review of the weakest section.
Can I get a refund?+
Yes. Within 7 days of purchase and before you have completed more than 25% of the course or started the final exam, you can request a full refund. Email support@theelitecompany.com with your order number; refunds process to the original payment method within 5-10 business days.
Ready to start studying?
Enroll once, keep access forever, pass your exam with confidence.
$49.99 · 7-day money-back · Lifetime access