KS Property & Casualty study plan

Define the core characteristics of an insurance contract (offer/acceptance, consideration, legal purpose, competent parties, adhesion, utmost good faith) and label where each appears in a sample property policy.

Explain indemnity, insurable interest, actual cash value, and replacement cost, then compute the payable loss for three sample property claims under each valuation method.

Outline the standard property policy anatomy (declarations, insuring agreement, conditions, exclusions, definitions) into an annotated one-page map.

Differentiate named-peril from open-peril (special) forms and list which perils belong to each category.

Calculate coinsurance penalties, deductibles, and loss payments for at least eight property loss scenarios with 90% accuracy.

Compare the basic, broad, and special causes-of-loss forms and identify which perils each successive form adds.

Identify the standard property exclusions (ordinance or law, earth movement, water/flood, neglect, vacancy, intentional loss) and explain the underwriting rationale for each.

Explain business income and extra expense coverage and compute a simple business income loss using a coinsurance-style period-of-restoration example.

Distinguish the common property endorsements (replacement cost, agreed value, inflation guard) and state when each is appropriate.

Define the four elements of negligence (duty, breach, proximate cause, damages) and apply them to five fact patterns to reach a liability conclusion.

Differentiate compensatory, general, special, and punitive damages, and identify which a liability policy will and will not pay.

Distinguish occurrence from claims-made liability forms and explain the function of the retroactive date, extended reporting period, and prior-acts exclusions.

Outline the structure of a general liability policy (Coverage A, B, C, supplementary payments, conditions) and match each part to the exposure it responds to.

Explain workers compensation benefits (medical, disability, death, rehabilitation) and the exclusive-remedy doctrine, and identify which employers are required to carry coverage.

Classify 15 claim scenarios as covered or not covered under auto liability, general liability, or workers compensation, citing the governing coverage part.

Explain how uninsured/underinsured motorist coverage and financial responsibility laws interact with auto liability coverage.

Compare the major liability exclusions (intentional acts, business pursuits, contractual liability, pollution, auto, workers comp) and state why each exists.

Compare the HO-2, HO-3, HO-4, HO-5, HO-6, and HO-8 forms and match each to a described client profile.

Diagram HO Section I and Section II coverages, including special limits of liability and the loss-of-use components.

Apply homeowners exclusions and common endorsements to at least ten claim scenarios and justify each coverage decision.

Differentiate the personal auto policy coverage parts (liability, medical payments/PIP, UM/UIM, collision, other-than-collision) and identify the auto coverages required by state law.

Compare personal umbrella and dwelling fire forms and state the underlying limits typically required.

Determine businessowners policy (BOP) eligibility for ten described businesses and defend each eligibility decision.

Compare BOP coverage to a commercial package policy and build a one-page decision guide for choosing between them.

Outline commercial general liability Coverage A, B, and C and identify which exposure each responds to, including the products-completed operations hazard.

Apply commercial endorsements (additional insured, waiver of subrogation, blanket additional insured) to sample contract insurance requirements.

Explain commercial auto, commercial property, and business income coverage triggers and how they coordinate in a package policy.

Outline the state insurance regulatory structure, including the role of the insurance commissioner and the department of insurance, and the producer licensing path (prelicensing education, exam, appointment, continuing education, license renewal).

Summarize producer duties and prohibited acts (commingling of premium, rebating, misrepresentation, unauthorized insurer placements) and the consequences of each violation.

Describe state rules for policy cancellation, nonrenewal, and notice of cancellation for personal and commercial lines.

Explain the purpose of the state guaranty association, residual market mechanisms, and rate-filing requirements.

Identify which state-specific statutes appear most frequently on the licensing exam and recite the key requirement for each.

Complete two full-length timed practice exams under exam conditions and score 80% or better on each.

Reconcile every missed item from weeks 1-7 into a single error log, tagging each miss to its domain and root cause (knowledge gap, misread, calculation).

Re-study the highest-frequency error clusters identified in the error log until each cluster scores 90% or better on a targeted mini-quiz.

Recite from memory the core general insurance principles, contract characteristics, and agency/authority concepts without notes.

Confirm exam-day logistics: appointment, identification, calculator policy, and allowed reference materials.