A life insurance agent is applying for a Property and Casualty Broker-Agent license in California. Which of the following is a requirement for obtaining this new license?
- AMust have a bachelor's degree in a related field.
- BMust complete 20 hours of ethics training.
- CMust complete an additional 40 hours of prelicensing education specifically for P&C.
- DMust be at least 21 years of age.
Show answer & explanationAnswer & explanation
Correct answer: C. Must complete an additional 40 hours of prelicensing education specifically for P&C.
In California, a person applying for a P&C Broker-Agent license must complete 40 hours of approved prelicensing education. If they already hold a life-only or accident and health license, they are typically exempt from the 12-hour ethics/code portion, but still need the 40 hours specific to P&C.
Why the other options are wrong
- A. A bachelor's degree is not a requirement for an insurance producer license in California.
- B. The general prelicensing requirement includes 12 hours of ethics/code, but this is usually waived for existing licensees (not an 'additional' requirement).
- D. The minimum age for an insurance license in California is 18, not 21.
P&C Broker-Agent Prelicensing Education (CA)
To obtain a Property and Casualty Broker-Agent license in California, an applicant must complete 40 hours of approved prelicensing education specific to Property and Casualty insurance, plus 12 hours of ethics and California insurance code (which may be waived if holding another license).
- 40 hours specific to P&C.
- 12 hours of ethics/California Insurance Code.
- Total 52 hours if no other license held.
- Ethics portion may be waived for existing licensees.
Memory trick: P&C: 40 hours for the PROPERTY, plus 12 for the CODE.