Wisconsin Property & Casualty Insurance Exam 2026

Welcome to your FREE Wisconsin Property & Casualty (P&C) Insurance exam preparation guide. This comprehensive study resource covers Wisconsin-specific insurance laws, regulations, and requirements you need to pass your state licensing exam.

Note: This guide covers Wisconsin state-specific content. You should also study national Property & Casualty insurance concepts, as a significant portion of the exam tests general insurance knowledge.

Why Get Licensed in Wisconsin?

Wisconsin offers unique opportunities for insurance professionals:

• Dairy State Economy: America's leading dairy producer with substantial agricultural insurance needs
• Strong Manufacturing Base: Industrial insurance opportunities in Milwaukee and statewide
• Growing Tech Sector: Madison's emerging technology corridor creates new insurance markets
• Great Lakes Exposure: Unique property risks from Lake Michigan and Lake Superior
• No Pre-License Education: Lower barrier to entry compared to many states
• Midwest Climate: Four-season risks including winter weather and tornado exposure
• Stable Insurance Market: Well-regulated market with strong consumer protections

What This Guide Covers

This FREE study guide includes:

✓ Wisconsin Insurance Law & Regulations - Office of the Commissioner of Insurance (OCI), Chapter 600-646 statutes ✓ Property Insurance - Homeowners, dwelling, commercial property, Wisconsin FAIR Plan ✓ Auto & Casualty Insurance - Wisconsin's 25/50/10 liability requirements, mandatory UM/UIM coverage ✓ Wisconsin-Specific Topics - Agricultural insurance, dairy farming risks, Great Lakes exposures ✓ Practice Questions - Quiz questions in each chapter to test your knowledge

Exam Format & Requirements

Exam Structure

Exam Costs

• P&C Exam Fee: Approximately $50 (varies by line)
• Fingerprinting/Background Check: Approximately $45-60 (if required)
• License Application Fee: Check OCI website for current fees
• Total Initial Cost: $100-150 estimated

Pre-License Education

Wisconsin has NO mandatory pre-license education requirement for Property & Casualty insurance. However, most successful candidates spend 40-80 hours studying exam content and taking practice tests.

Exam Tip: While Wisconsin doesn't require pre-license courses, the P&C exam is comprehensive. Plan to study both national P&C concepts AND Wisconsin-specific laws thoroughly.

Exam Content Areas

National Content (70-75% of exam)

The national portion covers general P&C insurance principles:

1. General Insurance Principles (15-20%)

   • Risk and insurance fundamentals
   • Policy structure and provisions
   • Insurable interest and indemnity
   • Insurance companies and operations

2. Property Insurance (25-30%)

   • Homeowners policies (HO-2, HO-3, HO-4, HO-6, HO-8)
   • Dwelling policies (DP-1, DP-2, DP-3)
   • Commercial property (BPP, BOP, CPP)
   • Inland marine and personal articles

3. Casualty Insurance (25-30%)

   • Auto insurance coverage types
   • General liability insurance
   • Commercial liability policies
   • Workers' compensation basics

4. Other Insurance Lines (20-25%)

   • Professional liability
   • Commercial lines overview
   • Bonds and surety
   • Risk management

Wisconsin State Content (25-30% of exam)

The Wisconsin-specific portion covers:

1. Wisconsin Insurance Regulations (30-35% of state portion)

   • Office of the Commissioner of Insurance (OCI) authority
   • Producer licensing requirements
   • Continuing education (24 hours/2 years, 3 hours ethics)
   • Wisconsin Statutes Chapter 600-646 (insurance law)

2. Wisconsin-Specific Insurance Laws (25-30% of state portion)

   • Wisconsin Administrative Code provisions
   • Unfair trade practices under Wisconsin law
   • Producer responsibilities and duties
   • Consumer protection laws

3. Wisconsin Auto Insurance Requirements (20-25% of state portion)

   • Minimum liability: 25/50/10
   • Mandatory uninsured/underinsured motorist coverage (25/50)
   • Financial responsibility law
   • SR-22 requirements

4. Wisconsin Property & Casualty Provisions (15-20% of state portion)

   • Wisconsin Insurance Security Fund
   • Policy cancellation and non-renewal rules
   • Wisconsin FAIR Plan
   • Agricultural and dairy insurance considerations

How to Use This Study Guide

Recommended Study Plan

Week 1-2: General Insurance & Property

• Study general insurance principles and property insurance
• Focus on policy types, coverage, and exclusions
• Complete all practice questions
• Review key takeaways and summaries

Week 3-4: Casualty & Auto Insurance

• Study casualty insurance and auto coverage
• Master liability concepts and workers' compensation
• Complete all practice questions
• Understand claims processes

Week 5: Wisconsin State-Specific Content

• Deep dive into Wisconsin regulations and laws
• Focus on Office of the Commissioner of Insurance requirements
• Master Wisconsin auto insurance minimums (25/50/10 plus UM/UIM)
• Study Wisconsin Insurance Security Fund and FAIR Plan

Week 6: Review & Practice

• Review all key takeaways
• Retake practice questions
• Take full-length practice exams
• Focus on weak areas

Study Tips

1. Master Wisconsin-Specific Laws: 25-30% of your exam tests Wisconsin law—don't underestimate this portion
2. Know National Concepts First: Build strong foundation in general P&C insurance principles
3. Understand Wisconsin Auto Requirements: Know the 25/50/10 liability minimums and mandatory UM/UIM cold
4. Practice with Questions: Use the quiz questions throughout this guide to test your knowledge
5. Focus on Regulatory Details: OCI processes and requirements appear frequently on the exam

Taking the Exam

Scheduling Your Exam

1. Register with PSI: Visit PSI's website or call (888) 818-5805
2. Create Account: Set up a PSI testing account online
3. Select Exam: Choose "Property and Casualty" exam
4. Choose Testing Option: In-person at testing center or remote proctoring (if eligible)
5. Pay Exam Fee: Approximately $50 exam fee

Before the Exam

Required:

• Valid government-issued photo ID (driver's license or passport)
• Confirmation number from PSI

Not Allowed:

• Phones, calculators, or reference materials
• Watches or electronic devices
• Notes or study materials

Provided:

• Scratch paper or dry-erase board
• Calculator (on-screen if needed)

On Exam Day

Arrive 15-30 minutes early to complete check-in procedures.

Testing Center Rules:

• Photo taken at check-in
• Personal belongings stored in locker
• No breaks during 2-hour exam period
• Results provided immediately after completing exam

After Passing the Exam

Next Steps:

1. Complete Background Check: If required, complete fingerprinting within specified timeframe
2. Submit License Application: Apply through Wisconsin OCI online portal
3. Receive License: OCI reviews and issues license
4. Get Appointed: Obtain company appointments to sell insurance products
5. Complete CE Requirements: 24 hours of approved CE every 2 years (3 hours must be ethics)

If You Don't Pass

• Wait Time: You can retake the exam after 24 hours
• Retake Fee: Full exam fee required for each attempt
• No Limit: Wisconsin has no limit on retake attempts
• Study More: Review weak areas and focus on sections where you scored lowest
• Score Report: Review your score breakdown to identify improvement areas

Wisconsin Office of the Commissioner of Insurance (OCI)

The Office of the Commissioner of Insurance regulates the P&C insurance industry:

Wisconsin OCI Contact:

• Website: oci.wi.gov
• Phone: (608) 266-3585 (Madison office)
• Consumer Hotline: (800) 236-8517
• Email: ociinformation@wisconsin.gov

Wisconsin Insurance Market Overview

Unique Wisconsin Characteristics

Midwest Climate Risks:

• Severe winter weather (heavy snow, ice storms)
• Tornadoes in spring and summer
• Flash flooding from severe thunderstorms
• Hail damage to property and vehicles

Agricultural Economy:

• Leading dairy producer in the United States
• Substantial farm and agricultural insurance needs
• Crop insurance and livestock coverage
• Specialized dairy operation exposures

Great Lakes Exposure:

• Lake Michigan shoreline property risks
• Lake Superior northern exposure
• Water damage and flooding concerns
• Unique waterfront property considerations

Wisconsin Demographics:

• Mix of urban (Milwaukee, Madison) and rural areas
• Strong manufacturing and industrial base
• Growing technology sector in Madison
• Aging population with insurance planning needs

Ready to Start?

Let's dive into Chapter 1: Wisconsin P&C Insurance Regulation & Licensing to begin your exam preparation!

Remember: This content is 100% FREE. Use AI assistance whenever you get stuck—click "Ask AI" buttons throughout this guide or use the floating AI helper at the bottom right of your screen.

Important Resources

Official Wisconsin Resources

• Wisconsin Office of the Commissioner of Insurance
• Wisconsin Statutes - Chapter 600-646
• PSI Wisconsin Insurance Testing

Study Resources

• Wisconsin Producer Licensing Guide
• Wisconsin Insurance Security Fund
• This FREE study guide (you're reading it!)

After Licensing

• Wisconsin OCI License Application
• Wisconsin CE Requirements
• Wisconsin Insurance Plan (FAIR Plan)