III IC-99 study plan

Map the state insurance regulatory framework by outlining the roles of the department of insurance, the commissioner, and the National Association of Insurance Commissioners in a one-page diagram.

Distinguish the licensing requirements and continuing-education obligations that apply to producers, adjusters, and agencies, and list the consequences of operating without a license.

Explain the purpose and mechanics of the state guaranty association and the premium tax, then identify which market-conduct practices (misrepresentation, rebating, twisting, unfair claim settlement) trigger disciplinary action.

Define the elements of a valid insurance contract (offer, acceptance, consideration, legal purpose, competent parties) and apply them to a short fact pattern.

Differentiate the principles of indemnity, insurable interest, utmost good faith, subrogation, and contribution, and identify which policy provisions enforce each.

Analyze the structure of a property policy by labeling declarations, insuring agreement, conditions, exclusions, and definitions on a sample policy form.

Compute coinsurance penalties and losses payable under the replacement-cost and actual-cash-value methods for at least five worked scenarios.

Compare named-peril, broad-form, and special-form causes-of-loss coverage and explain the burden of proof each places on the insured.

Distinguish the coverage provided by dwelling, homeowners, and commercial property forms for structures, personal property, and loss of use.

Interpret deductibles, valuation clauses, and the appraisal and salvage conditions when a partial loss occurs.

Explain the elements of legal liability (duty, breach, proximate cause, damages) and contrast negligence, strict liability, and absolute liability.

Differentiate the coverage triggers and exclusions of commercial general liability Occurrence and Claims-Made forms, including the retroactive date and extended reporting period.

Outline the scope of premises, products-completed operations, personal and advertising injury, and medical payments coverage under a CGL policy.

Compare the coverage provided by umbrella and excess liability policies and explain how each responds when underlying limits are exhausted.

Identify the key features of workers compensation, employers liability, and auto liability coverage and the statutory versus fault-based distinctions among them.

Assemble the components of a commercial package policy and explain how commercial property, inland marine, crime, and boiler and machinery coverages fit together.

Apply business income and extra expense coverage to a disruption scenario, calculating the period of restoration and the loss of net income plus continuing expenses.

Evaluate the major commercial property endorsements (agreed value, inflation guard, blanket insurance) and explain when each is appropriate.

Describe the risk-management process (identification, analysis, control, financing) and classify at least six loss exposures by the appropriate treatment technique.

Contrast the coverages of a businessowners policy with those of a commercial package policy for a small retail operation.

Compare the HO-2, HO-3, HO-5, HO-6, and HO-8 forms by perils insured against, covered property, and eligibility.

Explain the coverage provided under homeowners Sections I and II, including additional coverages, exclusions, and the conditions that apply to each.

Apply the personal auto policy to scenarios involving covered autos, liability, medical payments, uninsured motorist, and physical damage, and identify the exclusions that defeat coverage.

Distinguish the coverage provided by a personal umbrella policy and explain the underlying-limit requirement.

Describe the coverage provided by flood and earthquake policies and explain why the homeowners policy excludes them.

Apply the underwriting process to a submitted application by identifying the information sources, hazard classifications, and rating factors that determine acceptability and price.

Explain the components of the rate-making process (loss costs, expenses, profit, credibility) and distinguish judgment, class, and experience rating.

Trace a claim from first notice of loss through investigation, evaluation, negotiation, and settlement, and identify the duties each party owes under the policy conditions.

Recognize the market-conduct and claims-handling standards that govern unfair claim settlement practices and the documentation required to defend a claim decision.

Compute a loss ratio and an experience modification factor from given data and interpret what each result means for the insured.

Define the fiduciary duties a producer owes to clients and insurers, including the handling of premiums in a fiduciary capacity and timely remittance.

Distinguish the ethical obligations of disclosure, confidentiality, competence, and avoidance of conflicts of interest, and identify conduct that constitutes commingling or misappropriation.

Explain the role of the state insurance department in investigating consumer complaints, market-conduct examinations, and disciplinary actions against producers.

Apply an ethical decision-making framework to at least three scenarios involving replacement, rebating, and undisclosed compensation.

Summarize the recordkeeping and reporting obligations that support an agency's compliance program.

Complete two full-length timed practice exams under test conditions and record the score by domain.

Review every missed question, identify the underlying concept gap, and rewrite the explanation in your own words.

Re-drill the two lowest-scoring domains using targeted practice sets until each reaches 80% or better.

Recite from memory the key coverage triggers, exclusions, and policy provisions for each of the eight domains using your consolidated notes.

Build a one-page formula and definition sheet covering coinsurance, loss ratio, experience modification, and the major policy limits.