DC Property & Casualty case studies
DC Property & Casualty · Put your knowledge to work in context.
The District of Columbia Property and Casualty Producer Examination is the licensing test a candidate must pass to be issued a resident producer license for property and casualty lines in DC. It is administered on behalf of the DC Department of Insurance, Securities and Banking (DISB), the government agency that issues the license and publishes the current rules, fees, scheduling details and passing standard. The DC Property & Casualty case studies are 5 cases and about 4,758 words.
1The Friday Bind: Authority, Insurable Interest, and a Missed Deadline
Dana is a producer at a District of Columbia agency. Her written agency agreement authorizes her to bind personal lines risks up to 500,000 of coverage and requires every application to be submitted within two business days.
867 words, about 4 min2The Nguyens' Supply Line: Reading an HO-3 Line by Line
The Nguyens own a 1962 brick colonial in the District insured on an HO-3: Coverage A 500,000, Coverage B 50,000, Coverage C 250,000, replacement cost on both dwelling and contents, 2,500 all-perils deductible, no endorsements, no inflation guard. They are away for a week when a bathroom supply line fails and water runs for two days.
927 words, about 5 min3Riverside Bakery: Coinsurance, Business Income, and the Code Upgrade Nobody Bought
Riverside Bakery, a District sole proprietorship, carries a commercial property policy: building 800,000, business personal property 400,000, 80% coinsurance, replacement cost basis, special causes of loss, and business income on an actual-loss-sustained basis with a 72-hour waiting period. There is no extra expense coverage and no ordinance-or-law endorsement.
897 words, about 4 min4Priya's Pickup: A Personal Auto Policy in a Landscaping Business
Priya owns a three-person landscaping company in the District. Her personal auto policy lists her 2019 pickup with 100/300/50 limits, 5,000 medical payments, and states the use as 'pleasure/commute.' In fact the truck plows two commercial parking lots every winter and tows a 14-foot enclosed trailer full of mowers; her employee Tom drives it daily to job sites.
896 words, about 4 min5Marx Bros.: Occurrence Trigger, a Following-Form Umbrella, and an Unlicensed Producer
Contracting is a District general contractor. Its CGL is an occurrence form for the 1/1/2019–1/1/2020 policy period: 1 million each occurrence, 2 million general aggregate, 2 million products-completed operations aggregate, with the standard 'your work' exclusion.
1,171 words, about 6 min