HI Property & Casualty study plan

Define risk, peril, hazard, loss, and exposure in your own words and write one original example of each

Distinguish indemnity, insurable interest, subrogation, and utmost good faith, then match each principle to a scenario you invent

Differentiate stock vs. mutual insurers and admitted vs. non-admitted carriers in a two-column table

Explain the roles of agent, broker, underwriter, adjuster, and producer in the placement and claims process

Build a flashcard deck of at least 25 core insurance-principles terms

Diagram the four structural parts of a property policy (declarations, insuring agreement, conditions, exclusions) and label the function of each

Contrast named-peril and open-peril coverage by sorting six sample losses into the correct column

Compute a coinsurance penalty on two practice scenarios and show every step of the arithmetic

Calculate loss settlement under actual cash value vs. replacement cost for the same hypothetical loss

Summarize the concepts of deductibles, co-insurance, and other insurance clauses

Compare HO-2, HO-3, HO-4, HO-5, HO-6, and HO-8 by perils covered, eligible insured, and dwelling/contents treatment

Map Coverages A through F on a homeowners form and state what each coverage pays for

List the standard homeowners exclusions (ordinance or law, earth movement, water damage, neglect, intentional loss, and similar) and give the underwriting rationale for each

Describe dwelling fire forms and identify when they are used instead of a homeowners policy

Explain how personal property is valued and where special limits apply

Summarize commercial property coverage forms and the causes-of-loss forms, highlighting the key differences from personal lines

Explain business income and extra expense coverage and apply it to a written three-day shutdown scenario

Distinguish inland marine, boiler and machinery, and crime coverages by loss type

Complete a timed 40-question mixed practice set on Domains 1 and 2 and re-teach every missed item in writing

List the four elements of negligence and apply them to two original liability scenarios

Distinguish absolute, strict, and vicarious liability with a concrete example of each

Break down a commercial general liability policy and state what Coverages A, B, and C each pay

Contrast occurrence vs. claims-made triggers and explain the purpose of the retroactive date

Define additional insured, supplementary payments, and the coverage territory in your own words

Compare the parts of a personal auto policy and identify which coverage responds to each of six sample claims

Explain workers compensation benefits and employers liability basics, including exclusive remedy

Describe umbrella and excess liability and show how each layers over underlying policies with a diagram

Contrast professional liability, employment practices liability, and commercial auto core features

Complete a 30-question casualty practice set and log every error by topic

Outline Hawaii producer licensing: prelicensing education, examination, license issuance, insurer appointment, and renewal/continuing education obligations

Summarize Hawaii rules on license lapse and reinstatement, and on reporting address, name, and other license changes

Describe Hawaii Department of Insurance enforcement, including prohibited practices, penalties, and hearing/appeal rights

Explain Hawaii-specific property provisions relevant to hurricane and natural-hazard exposure and how residual-market mechanisms fit in

Differentiate the insurance commissioner's authority from that of other Hawaii regulatory bodies

Re-work your cumulative error log and write the correct rule beside every entry until you can state it from memory

Complete two full-length timed practice exams under exam conditions with no notes

Re-read the Hawaii rules cheat sheet aloud and quiz yourself on any line you cannot recite

Build a one-page 'final 24 hours' review sheet limited to numbers, definitions, and Hawaii-specific rules