III IC-74 study plan

Map the full Liability Insurance domain into sub-areas: legal foundations (negligence elements, tort liability, damages, defenses), general liability coverage triggers, and specialty lines, then rank each by your confidence

Define and write out from memory the four elements of negligence and at least three common law defenses, then check your definitions against a reliable reference

Distinguish occurrence-based versus claims-made triggers and explain retroactive dates and extended reporting periods in your own words

Build a personal glossary of 25 liability terms (bodily injury, property damage, personal and advertising injury, occurrence, aggregate limit) with one-line definitions

Analyze how CGL Coverage A, B, and C each respond to a fact pattern, and identify which coverage part applies and why

Differentiate the coverage triggers, exclusions, and supplementary payments provisions across Coverage A, B, and C

Practice applying key CGL exclusions (pollution, professional services, contractual, your work, your product) to short scenarios

Explain insuring agreement wording precisely enough to spot subtle coverage gaps

Compare occurrence limits, general aggregate, products-completed operations aggregate, and per-person/per-occurrence structures, and compute available limits in given loss scenarios

Explain how the CGL aggregate applies across policy periods and how reinstatement works

Work through at least five limit-calculation problems involving multiple claimants and multiple occurrences

Identify the designated premises, medical payments, and fire legal liability provisions and when each applies

Distinguish additional insured endorsements, waiver of subrogation, and primary/non-contributory wording, and explain their contractual purpose

Explain how certificates of insurance differ from endorsements and why the distinction matters in claims

Analyze how an additional insured's coverage interacts with its own policy and with the named insured's limits

Review common endorsement categories (CG 20 series concepts, amendment endorsements) by function rather than by number memorization

Differentiate umbrella and excess liability policies by attachment point, drop-down provisions, self-insured retention, and defense obligations

Explain how underlying limits exhaustion affects umbrella response and identify when drop-down is triggered

Compare the major specialty liability lines: professional liability/E&O, D&O, employment practices liability, fiduciary, and cyber, by insured, trigger, and key exclusions

Analyze how claims-made specialty policies handle prior acts, retroactive dates, and extended reporting periods

Trace a liability claim from notice through reservation of rights, investigation, defense, and settlement, identifying the insurer's duties at each stage

Explain the duty to defend versus the duty to indemnify and how conflicts of interest and independent counsel arise

Apply the insuring intent behind common conditions: notice, cooperation, subrogation, and other insurance

Identify bad faith exposure scenarios and the insurer conduct that creates them

Integrate legal foundations, CGL coverage, endorsements, umbrella/excess, and specialty lines into a single review outline

Complete a timed practice set covering the full domain and log every missed question by sub-area

Re-teach your three weakest sub-areas in writing without consulting notes

Explain the interaction between two overlapping policies (e.g., CGL plus umbrella) in a multi-party loss

Review the remediation plan from week 7 and close every remaining gap with targeted re-study

Recite core definitions, coverage triggers, and exclusion rationales from memory under time pressure

Work through full-length mixed scenarios that combine coverage, limits, endorsements, and claim handling

Confirm readiness by scoring consistently above your target on timed practice