CT Property & Casualty study guide
CT Property & Casualty · Work through your exam, one topic at a time.
The Connecticut Property and Casualty Insurance Producer license is the credential that lets you legally solicit, negotiate, and sell property and casualty insurance products in Connecticut. It is issued by the Connecticut Insurance Department and is typically the entry point for people moving into personal lines (home, auto, umbrella) or commercial lines (business property, general liability, workers' compensation) sales and service roles, as well as for agency owners, account managers, and customer service representatives who need to discuss coverage. The CT Property & Casualty study guide has 11 sections and about 3,682 words.
01Insurance Regulation
Insurance is regulated primarily by the states. The McCarran-Ferguson Act (1945) confirmed state primacy over the business of insurance and gave a limited antitrust exemption.
324 words, about 2 min02General Insurance Concepts
Risk is uncertainty about loss. A peril is the cause of loss (fire, wind, collision); a hazard increases the chance that a peril will operate - physical (icy steps, oily rags), moral (deliberate fraud, arson for profit), or morale (carelessness because insurance exists).
326 words, about 2 min03Property Insurance Basics
Property policies respond to covered perils acting on covered property, subject to exclusions, limits, and deductibles. Named-peril forms list exactly what is covered; special (open-peril) forms cover all direct physical loss except what is excluded - the distinction drives many exam questions.
336 words, about 2 min04Casualty Insurance Basics
Liability insurance pays sums an insured is legally obligated to pay as damages because of bodily injury or property damage to others. Negligence requires duty owed, breach of that duty, proximate cause, and actual damages.
345 words, about 2 min05Dwelling Policy
The dwelling program insures 1–4 family dwellings, owner-occupied or rented to others, and does not insure a boarding house or a dwelling used for business occupancy. Dwelling forms are property-only; personal liability and medical payments must be added by a personal liability supplement.
338 words, about 2 min06Homeowners Policy
HO-2 (broad) is named peril on both property sections; HO-3 (special) is open peril on the dwelling and other structures but named peril on personal property; HO-5 (comprehensive) is open peril throughout. HO-4 (renters) covers personal property, loss of use, and liability with no building coverage; HO-6 (condo/co-op) covers contents, building items, and loss assessment; HO-8 (modified) serves older or higher-risk homes with functional replacement cost and reduced perils.
349 words, about 2 min07Personal Automobile Policy
Part A Liability pays bodily injury and property damage owed to others, plus defense and supplementary payments. Part B Medical Payments pays reasonable medical expenses for the insured and passengers regardless of fault.
334 words, about 2 min08Commercial Package Policy
A commercial package policy combines two or more coverage parts under one policy with common declarations and conditions: commercial property, commercial general liability, commercial auto, crime, inland marine, equipment breakdown, and farm coverage. Each part keeps its own forms, limits, and endorsements, so one occurrence may trigger only some parts.
329 words, about 2 min09Businessowners Policy
The Businessowners Policy (BOP) is a packaged, simplified product for small and medium businesses with low-to-moderate hazard - offices, retail stores, apartment buildings, and service operations. It is not designed for large manufacturing, high-hazard operations, or businesses with substantial auto exposure.
329 words, about 2 min10Workers' Compensation and Employer's Liability
Workers' compensation is a state statutory system that pays benefits for work-related injury or occupational disease without regard to fault; in exchange the employee surrenders the right to sue the employer, known as the exclusive remedy. Benefits are set by statute rather than by the policy limit: medical care, disability income (temporary total, temporary partial, permanent partial, permanent total), death benefits for dependents, and rehabilitation.
336 words, about 2 min11Other Coverages and Insurance Options
Inland marine covers property in transit and property that is mobile or in the care of others; the nationwide marine definition sets the boundaries. Personal articles floaters schedule jewelry, furs, cameras, and collectibles with worldwide coverage and "mysterious disappearance" - a peril rarely found elsewhere - often with no deductible.
336 words, about 2 min