FL Property & Casualty case studies
FL Property & Casualty · Put your knowledge to work in context.
The Florida Property and Casualty insurance license - commonly pursued under Florida's General Lines (2-20) authority - is a state credential issued by the Florida Department of Financial Services through its Division of Insurance Agent and Agency Services. It allows a licensed individual to transact property and casualty insurance business in Florida, and it is aimed at people entering or advancing in the insurance industry: career agents, agency staff, customer-facing producers, and agency principals. The FL Property & Casualty case studies are 5 cases and about 4,572 words.
1Who Owns the Loss? Insurable Interest, Indemnity, and Subrogation After a Sale
Dwayne has owned and lived in the same 1950s bungalow for 20 years, insured under an HO-3 with 350,000 Coverage A on a policy period running January 15 to January 15. He signs a sale contract with Priya on March 1 and closes on May 1; the deed is delivered and accepted at closing but is not recorded until June 15.
854 words, about 4 min2Hurricane Deductible, Ensuing Rain Damage, and Replacement Cost on an HO-3
Ana's Florida HO-3 shows 450,000 Coverage A, a 2,500 all-other-perils deductible, a 2% hurricane deductible, and a 25% ordinance-or-law endorsement. In September a Category 2 hurricane peels shingles off the rear slope.
912 words, about 5 min3Commercial Package: Coinsurance Penalty, Additional Insured Tender, and Business Income
Marisol owns a 40-seat café in a leased building. Her commercial property form has a 400,000 business personal property limit with an 80% coinsurance clause and a 2,500 deductible; an appraisal places the replacement cost of her contents at 800,000.
923 words, about 5 min4Florida Auto: PIP Priority, the 14-Day Rule, and Uninsured Motorist Coverage
Tyler, 19, lives with his parents and is a listed driver on their Florida auto policy, which carries 10,000 PIP, 10,000 PDL, 100,000/ 300,000 BI, and UM at the same limits. On a Friday he borrows his friend's car with permission.
893 words, about 4 min5Surplus Lines Placement, Premium Trust Funds, and a Carrier Insolvency
Rico, a licensed Florida agent, needs 900,000 of wind coverage for a 12-unit coastal condominium association. After applications to several authorized carriers, none will write it.
990 words, about 5 min