AZ Property & Casualty case studies

AZ Property & Casualty · Put your knowledge to work in context.

The Arizona Property & Casualty producer license is a state credential that allows a person to sell, solicit, and negotiate property and casualty insurance products in Arizona. It is aimed at new agents entering personal or commercial lines, agency staff who need a producer license, and career changers moving into insurance sales. The AZ Property & Casualty case studies are 5 cases and about 3,297 words.

The Burst Supply Line: Water, Mold, and the Failed Pipe

The Vances insure their Tucson home on an HO-3 with 400,000 Coverage A, a 1,000 deductible, and the standard fungus/mold sublimit. While they are in Oregon for three weeks, the copper supply line to the second-floor bath fails at a soldered joint and water runs until a neighbor notices the water bill.

630 words, about 3 min 2

Coinsurance, the 'Written to Value' Promise, and the Silent Utility Endorsement

Sonora Metalworks insures its Phoenix plant and contents on a commercial property form with an 80% coinsurance clause and a 5,000 deductible. At the time of loss the building's replacement cost is 1,200,000; the limit purchased is 720,000.

585 words, about 3 min 3

Pure Comparative Fault, Split Limits, and the UIM Gap

Rosa carries an Arizona personal auto policy with split liability limits of 25/50/15 and UIM coverage of 100/300, purchased at application. She runs a red light at Grant and Swan and strikes Marcus, a bicyclist.

636 words, about 3 min 4

The Commingled Premium, the Gift Card, and the Unlicensed Binder

Devon holds an Arizona producer license and works at a Tucson agency. Over two months he: (1) collected 14,600 in premium from a restaurant client and deposited it in the agency's general operating account, paying rent and payroll from that account before remitting to the insurer 38 days later; (2) gave the restaurant owner a 250 gift card at binding 'as a thank you'; (3) let an unlicensed receptionist quote and bind a commercial auto policy while he was on vacation; and (4) told the owner the package 'covers everything' when it was a named-peril form.

722 words, about 4 min 5

Rented Out and Sitting Empty: Residence Premises and the Vacancy Clock

The Okafors bought a new house in March but kept the old one as a rental. They moved out March 1, rented it March 10 on a 10-month lease, and never told their agent.

724 words, about 4 min