Casualty-Only study guide
Casualty-Only · Work through your exam, one topic at a time.
The Casualty-Only designation covers the non-property half of the insurance business: liability, automobile, workers' compensation, crime, inland marine, and the regulatory and claims practices that surround them. It suits adjusters, underwriters, agents and brokers, claims trainees, and compliance staff who already touch casualty lines and want a structured, verifiable body of knowledge behind their day-to-day decisions. The Casualty-Only study guide has 10 sections and about 4,060 words.
01Casualty Insurance Fundamentals and Insurance Principles
Casualty insurance pays the financial consequences of legal liability to third parties - bodily injury, property damage, and personal and advertising injury. This domain tests application, not recall: can you use insurable interest, indemnity, fortuity, utmost good faith, subrogation, and proximate cause to explain how a liability claim actually moves?
465 words, about 2 min02Casualty Policy Structure, Provisions, and Conditions
Casualty policies share one skeleton: declarations, insuring agreement, exclusions, conditions, and endorsements. This domain tests whether you can read that skeleton, apply limits correctly, and honor conditions and other-insurance mechanics the way a claim file or underwriting referral demands.
418 words, about 2 min03General Liability Insurance
General liability covers third-party bodily injury, property damage, and personal and advertising injury arising from premises, operations, and products. The exam tests the CGL occurrence form's structure, its major exclusions and their exceptions, and the line between general liability, professional liability, and umbrella coverage.
408 words, about 2 min04Commercial Automobile and Personal Auto Insurance
Automobile coverage splits into personal auto and commercial auto, and the exam tests the parts of each policy, who and what is covered, and how limits interact with financial responsibility and no-fault laws. Part A Liability (bodily injury and property damage to others); Part B Medical Payments; Part C Uninsured/Underinsured Motorists; Part D Damage to Your Auto, split into collision and other-than-collision.
396 words, about 2 min05Workers' Compensation and Employers Liability
Workers' compensation is a no-fault statutory benefit system: employees give up the right to sue the employer for work injuries, and the employer pays prescribed benefits regardless of fault. The exam tests benefit categories, the Part One/Part Two structure, and the boundaries of exclusive remedy.
403 words, about 2 min06Commercial Property and Business Income Insurance
Commercial property insurance covers direct damage to buildings, business personal property, and personal property of others; business income insurance replaces lost earnings during the period of restoration. The exam tests causes-of-loss forms, valuation methods, coinsurance penalties, and time-element coverage.
395 words, about 2 min07Crime, Inland Marine, and Specialty Casualty Coverages
Crime insurance protects against loss of money, securities, and other property from dishonest acts; inland marine covers property in transit and other mobile or unusual exposures; specialty casualty lines fill gaps that the CGL and auto forms leave open. The exam tests which form responds to which loss.
396 words, about 2 min08Claims Handling, Investigation, and Fraud Awareness
Claims handling covers the life cycle of a claim: notice, investigation, coverage determination, evaluation, negotiation, and settlement or denial. The exam tests fair claim practices, damage evaluation, subrogation, and the red flags that should send a file to a special investigation unit.
373 words, about 2 min09Insurance Regulation, Ethics, and Consumer Protection
Insurance regulation is state-based: each state licenses insurers and producers, reviews rates and forms, examines market conduct, and enforces unfair trade practice laws. The exam tests the regulatory framework, producer duties, and consumer protection rules.
413 words, about 2 min10Underwriting, Rating, and Risk Selection
Underwriting is selecting and pricing risk; rating converts exposure into premium. The exam tests the financial ratios that measure underwriting results, the rating methods used in casualty lines, and the factors that drive accept, decline, or modify decisions.
393 words, about 2 min