Free Colorado Property & Casualty Insurance License Exam Practice Test
Realistic 50-question practice exam with instant feedback and score reports.
About this practice exam
Free Colorado Property & Casualty Insurance License Exam practice test with 50 realistic multiple-choice questions, instant grading, and explanations. Study with drill mode, category score reports, and a personalized review plan.
Exam format
- 50 multiple-choice practice questions
- Drill mode with instant feedback and explanations after each answer
Study tips
- Review the official exam content outline before your first practice run.
- Take the full practice exam once to establish a baseline score by category.
- Focus review on categories where you score below the passing threshold.
- Re-take missed questions in drill mode until you can explain each correct answer.
- Schedule the real exam only after consistent passing scores on practice tests.
Sample CO P&C practice questions
Try a few representative questions below. Each includes the correct answer and a short explanation — the same style you'll see in the full practice test.
- Question 1Commercial General Liability
A commercial general liability (CGL) policy with an aggregate limit of $2,000,000 and a per-occurrence limit of $1,000,000 has paid out $800,000 for one bodily injury claim and $700,000 for a separate property damage claim. What is the remaining aggregate limit available for future claims?
- A.$500,000(Correct)
- B.$1,200,000
- C.$1,000,000
- D.$1,500,000
Explanation
The aggregate limit is the maximum total amount the policy will pay for all covered claims during the policy period. The total claims paid so far are $800,000 + $700,000 = $1,500,000. Therefore, the remaining aggregate limit is $2,000,000 - $1,500,000 = $500,000. The per-occurrence limit does not affect the aggregate calculation until it is reached for an individual claim.
- Question 2Business Interruption Insurance
An insured's business is shut down due to fire damage. The policy covers $500,000 in Business Interruption and has a 30-day waiting period. The insured experiences a 90-day shutdown and incurs $15,000 per day in lost net income and continuing expenses. What is the maximum Business Interruption payout?
- A.$500,000(Correct)
- B.$600,000
- C.$450,000
- D.$750,000
Explanation
Business Interruption coverage pays for lost net income and continuing expenses. The covered shutdown period is 90 days - 30-day waiting period = 60 days. The total loss is 60 days * $15,000/day = $900,000. However, the payout is capped by the policy limit of $500,000. Therefore, the maximum payout is $500,000.
- Question 3Insurance Principles
Which of the following is NOT a fundamental principle of insurance?
- A.Indemnity
- B.Utmost Good Faith
- C.Insurable Interest
- D.Subrogation(Correct)
Explanation
While subrogation is a common feature and a legal right often included in insurance policies, it is not considered one of the four fundamental principles of insurance. The fundamental principles are Insurable Interest, Utmost Good Faith, Indemnity, and Proximate Cause. Subrogation is a mechanism that allows the insurer to pursue a third party responsible for a loss.
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Frequently asked questions
How many questions are on this CO P&C practice test?
This practice test includes 50 multiple-choice questions designed to mirror the format and difficulty of the real Colorado Property & Casualty Insurance License Exam.
Is this CO P&C practice test free?
Yes. You can start practicing for free. Create an account to save progress, track weak categories, and retake the exam.
Do I get explanations after each question?
Yes. In drill mode you see why the correct answer is right, why distractors are wrong, and practical examples where relevant.
How should I use this practice test to prepare?
Take the full exam under timed conditions, review missed questions by category, then focus study on your weakest sections before scheduling the real exam.
Does this replace official exam materials?
No. Use this as a supplement alongside official candidate information bulletins, textbooks, and hands-on experience required for your license or certification.
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