PROP — Property & Casualty Insurance Salesperson
Administered by NLIA · 150 MCQs · Combined pass mark 140
Who needs this licence?
Required for anyone selling or recommending motor, fire, liability, engineering, marine, and accident / health products written by non-life insurers in Taiwan. Salespeople must be registered with the Non-Life Insurance Association of the R.O.C. (NLIA) through their employing P&C insurer.
Products covered
- Motor insurance (compulsory third-party, voluntary, third-party liability)
- Fire insurance (residential, commercial)
- Liability insurance (public, professional, employer)
- Engineering and contractors' all-risk insurance
- Marine and cargo insurance
- Accident / health lines written by P&C insurers (subject to firm scope)
Exam format
- 100 P&C practice MCQs (1 mark each, 80 minutes, product-focused)
- 50 P&C regulation MCQs (2 marks each, 50 minutes)
- Pass standard: the two papers must total 140 or more, with neither below 60 (single-paper entry not permitted)
- A separate common paper, Financial Market Knowledge & Professional Ethics (100 questions), passes at 70 and stays valid for 5 years
Note the weighting is the inverse of LIFE: PROP leans practice, with regulations as a smaller second block.
Core study scope (concept level)
- Insurance Act: shared contract principles plus P&C-specific principles (insurable interest, indemnity, subrogation, multiple insurance).
- Insurance Enterprise Act: formation and supervision of P&C insurers.
- Insurance Salesperson Management Regulations: shared conduct rules with LIFE.
- P&C product practice: underwriting, rating principles, policy structure, exclusions, claims handling.
- Compulsory Motor Liability Insurance Act: compulsory motor liability, special compensation fund.
- Sales-conduct notices: FSC and NLIA requirements on suitability and disclosure.
Specific article numbers, policy clause versions and rate filings follow NLIA and FSC official publications.
Recommended preparation
- Concentrate on practice (100 of 150): memorise coverage / exclusion / claim flow for each major P&C line.
- For the 50 regulation questions, prioritise P&C-specific principles (indemnity, subrogation, multiple insurance).
- Practice questions often come as scenarios — train the reflex of dissecting "is this covered, is this excluded".
- Complete at least two to three full 150-question mocks before the real exam.
Further reading
Free Practice Questions
These 4 questions are identical to the app's free preview for this exam — tap an option to answer and see the explanation instantly. More free questions →
Under the provisions on benefit items of compulsory automobile liability insurance, which of the following is NOT a type of benefit provided by this insurance?
Why: Under Article 27 of the Compulsory Automobile Liability Insurance Act, the benefit items of this insurance are limited to three types: medical expense benefit for injury, disability benefit, and death benefit, constituting basic protection for personal injury. They do not include repair costs for vehicles or other property, which require separately taking out voluntary automobile insurance.
Regarding the basis on which compulsory automobile liability insurance protects victims, which of the following statements is correct?
Why: Under Article 7 of the Compulsory Automobile Liability Insurance Act, where an automobile traffic accident causes injury or death to a victim, regardless of whether the wrongdoer was at fault, the claimant may claim insurance benefits from the insurer or compensation from the special compensation fund, adopting a no-fault principle to ensure the victim quickly receives basic protection.
Under the Insurance Act, what is the insurer's liability for indemnity in respect of a loss arising from the performance of a moral obligation?
Why: Under Article 30 of the Insurance Act, the insurer is liable to indemnify a loss arising from the performance of a moral obligation.
Where the insurer becomes bankrupt, under the Insurance Act when does the insurance contract terminate, and how is any premium already paid for the post-termination period to be handled?
Why: Under Article 27 of the Insurance Act, where the insurer becomes bankrupt, the insurance contract terminates on the day bankruptcy is declared, and any premium already paid for the period after termination must be refunded by the insurer.
Complete PROP question bank + mocks
PrepLicense: TW Insurance ships the full PROP question bank covering motor, fire, liability, engineering and marine lines.
Independent study aid. Not affiliated with or endorsed by the FSC, LIA-ROC, NLIA, or TII. Exam rules are governed by NLIA.
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