199+ Free VT Property & Casualty Practice Questions

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Which Vermont agency is the primary regulator for insurance producers and insurers?

Vermont Department of Financial Regulation (DFR)

Vermont Department of Motor Vehicles

Vermont Attorney General Consumer Unit

Vermont Secretary of State

to track

2026 Statistics

Key Facts: VT Property & Casualty Exam

150 + 5

Scored + Unscored Items

Prometric VT 14-31 content outline

150 min

Exam Time

Prometric VT 14-31 content outline

$87

Exam Fee

Vermont Licensing Information Bulletin (Jan 2026)

70%

Passing Benchmark

Producer exam standard used in VT prep guidance

21%

Auto Domain Weight

Prometric VT 14-31 content outline

24 hrs / 2 years

Resident CE Requirement

Vermont Licensing Information Bulletin

25/50/10

VT Auto Liability Minimums

Vermont DMV insurance requirements

Nov 3, 2019

Current Outline Effective Date

Prometric VT 14-31 content outline

Vermont's Series 14-31 Producer Property and Casualty exam is administered by Prometric with 150 scored questions plus 5 unscored items and a 150-minute limit. The current content outline in use is effective November 3, 2019 and allocates the largest weight to Auto Insurance (21%) and Homeowners (17%), followed by Regulation (10%), P&C basics (10%), and other commercial/policy domains. Vermont-specific areas include DFR licensing and fiduciary rules, unfair trade practices under 8 V.S.A. 4724, auto minimum limits (25/50/10), and assigned-risk coverage through the Vermont Automobile Insurance Plan.

Sample VT Property & Casualty Practice Questions

Try these sample questions to test your VT Property & Casualty exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 199+ question experience with AI tutoring.

1Which Vermont agency is the primary regulator for insurance producers and insurers?

A.Vermont Department of Financial Regulation (DFR)

B.Vermont Department of Motor Vehicles

C.Vermont Attorney General Consumer Unit

D.Vermont Secretary of State

Explanation: The Vermont Department of Financial Regulation is the state insurance regulator. DFR oversees licensing, form and rate filings, and market conduct for insurers and producers.

2In Vermont, who leads insurance regulation as the state insurance commissioner role?

A.An elected statewide insurance board chair

B.The Commissioner of DFR, appointed through state government

C.The Vermont Treasurer acting as commissioner

D.A rotating panel of admitted insurers

Explanation: Vermont insurance regulation is led through the Department of Financial Regulation. The commissioner role is part of state executive administration rather than an industry-elected position.

3Under Vermont producer rules, material licensing changes such as a new business address should generally be reported within what timeframe?

A.10 days

B.15 days

C.30 days

D.60 days

Explanation: Vermont generally follows the common 30-day reporting expectation for material licensing changes. Prompt reporting helps DFR maintain accurate contact and enforcement records.

4Which continuing education standard best matches Vermont resident producer expectations for a typical biennial cycle?

A.12 total hours with no ethics component

B.24 total hours including at least 3 ethics hours

C.30 total hours including 6 ethics hours

D.40 total hours including 8 ethics hours

Explanation: Vermont producer CE expectations commonly track 24 total hours with an ethics component. Producers must satisfy both total credit and ethics requirements before the renewal deadline.

5A Vermont producer is disciplined by another state insurance department. What is the safest compliance response regarding DFR?

A.Wait until Vermont renewal to disclose it

B.Disclose only if a customer complains in Vermont

C.Report the administrative action to DFR promptly, generally within 30 days

D.No report is needed because it happened outside Vermont

Explanation: Vermont expects prompt disclosure of out-of-state administrative actions. Failing to report can create a second violation beyond the original discipline.

6For property insurance, when must insurable interest exist for a claim to be valid?

A.Only when the application is signed

B.Only when the first premium is paid

C.At the time of loss

D.At the time the insurer issues payment

Explanation: Property insurance requires insurable interest at the time of loss. Without it, the policyholder is not considered to have a lawful financial stake in the damaged property.

7Which statement best describes the principle of indemnity?

A.The insured should profit from a covered loss

B.Insurance should restore the insured to pre-loss financial condition, not better

C.Every claim must be paid at replacement cost

D.Liability losses are never subject to policy limits

Explanation: Indemnity means insurance is designed to make the insured whole, not create a gain. Policy limits, valuation terms, and deductibles all support that principle.

8In claims analysis, what does proximate cause refer to?

A.The dominant cause that sets other events in motion

B.The last event in time before payment

C.Any cause listed first by the insured

D.The cause with the highest repair estimate

Explanation: Proximate cause is the efficient, dominant cause that starts the chain of events. It helps determine coverage when multiple events contribute to a loss.

9What is the primary purpose of the Vermont insurance guaranty association for covered lines?

A.To guarantee investment returns on all policies

B.To provide limited protection for certain claims if an admitted insurer becomes insolvent

C.To replace all private insurers in Vermont

D.To reimburse producers for unpaid commissions first

Explanation: A guaranty association provides a safety net for covered claims when an admitted insurer fails. It is limited by statute and does not cover every policy type or full claim amount in all cases.

10In Vermont practice, what is a binder primarily used for?

A.To permanently replace the full policy contract

B.To provide temporary evidence of coverage until the policy is issued

C.To waive underwriting for high-risk applicants

D.To cancel prior insurance automatically

Explanation: A binder is a temporary contract confirming coverage while final policy documents are prepared. It does not replace the full policy terms and conditions.

About the VT Property & Casualty Exam

Vermont's Property & Casualty producer exam (Series 14-31) combines national P&C concepts with Vermont-specific regulation, producer licensing requirements, personal auto financial responsibility law, homeowners and commercial forms, workers compensation, and unfair trade practice standards.

Questions

150 scored questions

Time Limit

2 hours 30 minutes (150 minutes)

Passing Score

70%

Exam Fee

$87 (Vermont Department of Financial Regulation / Prometric)

VT Property & Casualty Exam Content Outline

10%

Insurance Regulation

Vermont producer licensing, DFR authority, fiduciary handling, unfair claims/trade standards, and federal compliance overlays

General Insurance

Risk concepts, insurer types, agency authority, and insurance contract law fundamentals

10%

P&C Basics

Insurable interest, underwriting, negligence/liability, valuation, policy structure, and common provisions

Dwelling Policy

DP forms, property coverages, exclusions, conditions, endorsements, and personal liability supplement basics

17%

Homeowners Policy

HO forms, Section I/II coverages, perils, exclusions, conditions, and Vermont special endorsements

21%

Auto Insurance

Vermont financial responsibility law, PAP/commercial auto, UM/UIM, cancellation, binders, and assigned-risk rules

Commercial Package Policy

CGL, commercial property, crime, inland marine, and equipment breakdown components

Businessowners Policy

BOP property/liability sections, exclusions, limits, and common endorsements

Workers Compensation

Vermont workers compensation law, policy parts, premium basics, and alternative coverage sources

Other Coverages and Options

Umbrella/excess, specialty liability, surplus lines, surety bonds, ocean marine, and NFIP

How to Pass the VT Property & Casualty Exam

What You Need to Know

Passing score: 70%
Exam length: 150 questions
Time limit: 2 hours 30 minutes (150 minutes)
Exam fee: $87

Keys to Passing

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

VT Property & Casualty Study Tips from Top Performers

1Build your study schedule from the official Series 14-31 weighting so Auto (21%) and Homeowners (17%) receive the most repetition.

2Memorize Vermont law anchors early: DFR authority, producer fiduciary rules, unfair trade practices, and key Title 23 auto requirements.

3Drill policy-form differences (DP, HO, PAP, BOP, CPP) using scenario questions instead of definition-only review.

4Run timed mixed sets in 150-minute blocks and review every miss by domain to avoid repeating weak areas.

5Treat workers compensation, surplus lines, umbrella, and NFIP as high-value differentiators on medium and hard items.

Frequently Asked Questions

How many questions are on the Vermont Property and Casualty exam?

Prometric's Vermont Series 14-31 outline lists 150 scored questions plus 5 unscored (pretest) items. You should pace for all delivered questions because unscored items are mixed in and not identified during testing.

How much time do you get for Vermont Series 14-31?

The Vermont Producer Property and Casualty exam time limit is 150 minutes (2.5 hours). Time management matters because the exam covers both national P&C concepts and Vermont-specific law.

What is the current Vermont exam fee?

The Vermont Licensing Information Bulletin lists the Producer's Property and Casualty exam fee (Series 14-31) at $87. This exam fee is separate from post-exam application and licensing fees.

What Vermont auto limits should I memorize for exam day?

Vermont's minimum liability limits are 25/50/10 for bodily injury/property damage under financial responsibility law. Vermont also requires uninsured/underinsured motorist coverage subject to statutory requirements, and the Vermont Automobile Insurance Plan is tested for assigned-risk eligibility concepts.

What Vermont-specific topics are most heavily tested?

Prioritize DFR licensing and producer compliance, unfair trade practices and fiduciary duties, Vermont auto law and UM/UIM concepts, cancellation/nonrenewal standards, and state-referenced policy provisions from the official content outline.