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Which state agency has primary regulatory authority over property and casualty insurance companies and producers in Nevada?

Nevada Department of Business and Industry

Nevada Division of Insurance

Nevada Secretary of State

Nevada Department of Motor Vehicles

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2026 Statistics

Key Facts: NV Property & Casualty Exam

150 Q

Exam Length

PSI Services NV candidate bulletin

70%

Passing Score

NDOI licensing requirements

25/50/20

Auto Minimums

NRS 690B

$75

Exam Fee

PSI Services

Seismic

Earthquake Risk

NDOI earthquake coverage guidance

24 hrs CE

Biennial Requirement

NRS 683A CE requirements

Nevada requires passing the PSI exam (150 questions, 70% to pass) with a $75 fee. Key topics: 25/50/20 auto liability minimums under NRS 690B, NDOI regulation under NRS 681A-693A, earthquake coverage (significant due to Nevada's seismic activity), workers compensation requirements, and producer licensing. CE requirement is 24 hours biennially with 3 hours of ethics.

Sample NV Property & Casualty Practice Questions

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1Which state agency has primary regulatory authority over property and casualty insurance companies and producers in Nevada?

A.Nevada Department of Business and Industry

B.Nevada Division of Insurance

C.Nevada Secretary of State

D.Nevada Department of Motor Vehicles

Explanation: The Nevada Division of Insurance (DOI), part of the Department of Business and Industry, is the primary regulator of all insurance companies and producers in Nevada. The DOI is headed by the Commissioner of Insurance and is responsible for licensing, examination, and enforcement of insurance laws.

2How is the Nevada Commissioner of Insurance appointed?

A.Elected by Nevada voters in a general election

B.Appointed by the Governor with Senate confirmation

C.Appointed by the Director of the Department of Business and Industry

D.Selected by the Nevada Legislature for a four-year term

Explanation: The Nevada Commissioner of Insurance is appointed by the Director of the Nevada Department of Business and Industry, who is appointed by the Governor. This differs from states like California where the Insurance Commissioner is directly elected by voters.

3What is the minimum age requirement to apply for a Nevada resident insurance producer license?

A.16 years old

B.18 years old

C.21 years old

D.25 years old

Explanation: Any individual applying for a Nevada resident producer's license must be at least 18 years old and be a resident of Nevada prior to submitting an application. This is consistent with the legal age for entering into contracts in Nevada.

4Which testing provider administers the Nevada Property & Casualty insurance licensing exam?

A.Prometric

B.PSI Services

C.Pearson VUE

D.Scantron

Explanation: Pearson VUE administers all Nevada insurance producer licensing exams. Candidates must register through Pearson VUE's website or call center to schedule their examination at an authorized testing center.

5Does Nevada require pre-licensing education before taking the Property & Casualty insurance exam?

A.Yes, 40 hours of pre-licensing education is mandatory

B.Yes, 20 hours of pre-licensing education is mandatory

C.No, pre-licensing education is not required but recommended

D.Only for applicants under 21 years of age

Explanation: Nevada does NOT require pre-licensing education for insurance producer exams. However, the Division of Insurance strongly recommends completing a pre-licensing course to prepare for the exam, as the pass rate is significantly higher for those who complete formal preparation.

6What is the application fee for a Nevada resident insurance producer license?

A.$100

B.$150

C.$185

D.$200

Explanation: The state licensing fee for a Nevada resident producer license is $185. This fee is paid when submitting the application electronically through Sircon (NIPR). Additional vendor transaction fees may apply.

7Under Nevada law, how long must a producer maintain books and records of insurance transactions?

A.3 years

B.5 years

C.7 years

D.10 years

Explanation: Nevada requires insurance producers to maintain books and records of all insurance transactions for at least 5 years after the transaction. This requirement ensures adequate documentation for regulatory review and consumer protection purposes.

8What is the passing score for the Nevada Property & Casualty insurance licensing exam?

A.60%

B.65%

C.70%

D.75%

Explanation: Candidates must achieve a score of at least 70% to pass the Nevada Property & Casualty insurance licensing exam. The exam consists of both national and state-specific sections, and both sections must be passed.

9Which of the following is a general power of the Nevada Insurance Commissioner under NRS 679B?

A.Setting federal insurance tax rates

B.Adopting reasonable regulations for administration of the Insurance Code

C.Appointing state judges for insurance disputes

D.Creating new insurance companies

Explanation: Under NRS 679B.130, the Commissioner may adopt reasonable regulations for the administration of any provision of the Nevada Insurance Code. The Commissioner also has powers related to examinations, hearings, and penalties for violations.

10A Nevada resident producer must maintain a place of business with public access in which location?

A.Any state where the producer conducts business

B.Within the state of Nevada

C.In Carson City, the state capital

D.At the producer's home address only

Explanation: Every resident insurance producer authorized to conduct business in Nevada must maintain a place of business with public access within the state of Nevada. This ensures Nevada consumers can access their insurance producer when needed.

About the NV Property & Casualty Exam

The Nevada Property & Casualty insurance exam covers general insurance principles plus Nevada-specific regulations including NRS 681A-693A, NRS 690B motor vehicle insurance, 25/50/20 auto liability minimums, earthquake coverage considerations due to seismic activity, workers compensation, and producer compliance duties under NDOI oversight.

Questions

150 scored questions

Time Limit

2 hours 30 minutes

Passing Score

70%

Exam Fee

$75 (Nevada Division of Insurance (NDOI) / PSI Services)

NV Property & Casualty Exam Content Outline

25%

NV Regulation & Licensing

NDOI structure, Insurance Commissioner role, NRS 681A-693A regulatory framework, PSI testing, producer authority, 24-hour CE biennially (3 hours ethics), unfair trade practices, rebating prohibition

25%

NV Property Insurance

HO-3 policies, earthquake coverage (Nevada seismic zones), flood/NFIP, dwelling fire forms, commercial property, wildfire risk, FAIR Plan access

30%

NV Casualty Insurance

25/50/20 auto liability minimums, NRS 690B motor vehicle insurance requirements, UM/UIM coverage, workers compensation, CGL, surplus lines

20%

NV Ethics & Guaranty

Nevada Insurance Guaranty Association, unfair claims practices, producer conduct standards, consumer protection, NRS compliance

How to Pass the NV Property & Casualty Exam

What You Need to Know

Passing score: 70%
Exam length: 150 questions
Time limit: 2 hours 30 minutes
Exam fee: $75

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

NV Property & Casualty Study Tips from Top Performers

1Know auto minimums: 25/50/20 for bodily injury and property damage under NRS 690B

2Understand earthquake coverage: Nevada's seismic activity makes this a high-priority exam topic

3Master the NRS 681A-693A regulatory framework: this governs all insurance activity in Nevada

4Learn the NDOI structure: the Division of Insurance oversees all producer licensing and compliance

5Study wildfire and desert climate property risks unique to Nevada's geography

Frequently Asked Questions

How many questions are on the Nevada P&C insurance exam?

The NV P&C exam has 150 scored questions. PSI Services administers the exam with 2 hours 30 minutes total. You need 70% to pass (105 correct answers). The exam fee is $75.

What are Nevada's auto insurance minimum requirements?

Nevada requires minimum liability coverage of $25,000 bodily injury per person, $50,000 bodily injury per accident, and $20,000 property damage (25/50/20) under NRS 690B. All drivers must carry proof of insurance at all times.

Is earthquake coverage important for the Nevada P&C exam?

Yes. Nevada has significant seismic activity, particularly in the Reno-Carson City corridor and Las Vegas area. Earthquake coverage is a key topic on the NV P&C exam, including understanding that standard homeowners policies exclude earthquake damage and separate earthquake endorsements or policies are needed.

What Nevada insurance statutes are tested on the exam?

The primary statutes are NRS 681A through 693A, which cover all aspects of insurance regulation in Nevada. NRS 690B specifically covers motor vehicle insurance requirements. Understanding the NDOI regulatory framework and producer licensing under these statutes is essential.

What are the continuing education requirements for NV P&C producers?

Nevada requires 24 hours of continuing education every two years (biennially) for licensed property and casualty insurance producers, including 3 hours of ethics. CE courses must be approved by NDOI.