KY Property & Casualty case studies
KY Property & Casualty · Put your knowledge to work in context.
The Kentucky Property and Casualty Insurance Producer license is the credential that allows an individual to sell, solicit, and negotiate property and casualty insurance products in Kentucky - homeowners and dwelling policies, commercial property, inland marine, general liability, commercial auto, and personal auto, among others. Candidates typically pursue it to work as agency producers, customer service representatives who transact business, or independent agents, and many hold it alongside a life license. The KY Property & Casualty case studies are 5 cases and about 4,562 words.
1The Gift Card, the Referral Fee, and the Lapsed CE Hours
Priya holds a Kentucky resident producer license for property and casualty and is appointed by three insurers. In March she closes a 210,000 commercial package by handing the buyer a 150 gift card "from her own pocket," and she pays a $300 "marketing fee" to an unlicensed bookkeeping firm that introduced the account and whose owner occasionally sits in on her sales calls.
850 words, about 4 min2The Restaurant Nobody Will Write
A Lexington agency is asked to insure a 60-year-old restaurant with three grease fires in five years, a failing roof, and an owner who wants coverage bound by Friday. Every admitted carrier the agency represents declines, and two of those carriers do not write restaurant risks at all.
881 words, about 4 min3The 80% Coinsurance Clause and the Signed Rejection
A Kentucky retailer owns a building with a replacement cost of 1,600,000 and inventory that cost 40,000 (depreciated value 25,000). To hold down premium, the owner and agent agree on a commercial property policy with a 1,000,000 building limit, an 80% coinsurance clause, replacement cost on the building, actual cash value on stock, and a 5,000 deductible.
801 words, about 4 min4The Failed Pipe, the Finished Units, and the Wrong Additional Insured Endorsement
Summit Builders is the general contractor on a 12-unit apartment project. Summit hired Ridgeline Plumbing to rough-in the supply lines.
1,012 words, about 5 min5PIP, the Tort Threshold, and the Delivery App
Kayla, a Kentucky resident, insures two vehicles on a personal auto policy with liability limits of 50/100/50, 10,000 of personal injury protection, uninsured motorist limits matching her liability limits, and a written rejection of underinsured motorist coverage signed three years ago. On a Saturday her 19-year-old son takes her car with permission to deliver food for a phone app; a driver who ran a red light and carries no insurance strikes them.
1,018 words, about 5 min