LA Property & Casualty study plan

Define risk, peril, hazard, loss, and exposure, and classify 15 real-world examples by category.

Distinguish indemnity, insurable interest, subrogation, and utmost good faith, writing one original example of each.

Compare insurer types (stock, mutual, reciprocal, surplus lines, captive, residual market) on ownership, control, and policyholder treatment.

Differentiate express, implied, and apparent authority, then decide which type applies in eight producer-conduct scenarios.

Explain how offer, acceptance, consideration, and legal purpose make an insurance policy a conditional contract of adhesion.

Label the five structural parts of a property policy and locate each within a sample homeowners policy structure.

Compute the coinsurance penalty in four scenarios where the limit is below, exactly at, and above the requirement.

Compare ACV, replacement cost, functional replacement cost, and agreed value by calculating the payout for the same loss under each method.

Sort 12 common exclusions into absolute, conditional, and buy-back-eligible categories.

Explain how flat, percentage, and hurricane deductibles change the payable loss in three worked examples.

Contrast HO-2, HO-3, HO-5, HO-4, HO-6, and HO-8 forms by perils insured, eligibility, and coverage trigger.

Contrast DP-1, DP-2, and DP-3 dwelling forms by perils insured and valuation method.

Apply Coverage A through D limits and the special limits of liability to six loss scenarios and compute the payable amount for each.

Calculate additional living expense and fair rental value payouts across two covered-loss timelines.

Identify which categories of personal property require scheduling or a separate endorsement and state why.

Analyze a coastal Louisiana loss where wind and flood both contribute, separating what the homeowners policy pays from what the flood policy pays.

Explain the flood policy structure, waiting period, building versus contents limits, and how the hurricane deductible interacts with a flood claim.

Select and justify the correct endorsement for five scenarios involving water backup, ordinance or law, scheduled jewelry, and business pursuits.

Distinguish building, business personal property, and business income coverages, and calculate a coinsurance penalty on a commercial property loss.

Compare inland marine, crime, and boiler and machinery coverage triggers and their typical exclusions.

Outline the Louisiana producer licensing sequence (prelicensing, exam, application, appointment) and the events that terminate a license.

State the current continuing education hour requirement, ethics component, and reporting deadline, verifying each directly against the licensing rules.

Classify 12 marketing and claims practices as unfair trade practices or lawful conduct, citing the standard each violates.

Describe producer fiduciary duties covering premium trust, commingling, and timely remittance to the insurer.

Explain what the Louisiana property and casualty guaranty association covers, its claim limits, and the categories it excludes.

Define negligence and its four elements, then evaluate 10 fact patterns for duty, breach, causation, and damages.

Apply comparative negligence rules and identify which affirmative defenses reduce or bar recovery.

Distinguish special, general, compensatory, and punitive damages and match each to the policy limit that responds.

Explain the CGL Coverage A, B, and C triggers and how occurrence forms differ from claims-made forms.

Describe how umbrella/excess layers attach and what triggers professional liability and employment practices liability coverage.

Compare personal auto liability, medical payments, uninsured/underinsured motorist, collision, and other-than-collision coverages by trigger and limit structure.

Apply Louisiana financial responsibility requirements, including compulsory limits and the consequences of driving without coverage.

Explain how Louisiana's fault-based liability system and the ability to proceed directly against a liability insurer affect claim handling.

Differentiate personal auto forms from commercial auto symbols and identify garage and trucking exposures.

Work five claim scenarios computing liability, UM/UIM, and physical damage payouts.

Explain the exclusive remedy doctrine, the no-fault benefit structure, and the major categories of workers' compensation benefits.

Distinguish Part One workers' compensation coverage from Part Two employer's liability by trigger and limit structure.

Classify which workers are covered and explain how payroll classification and experience modification drive premium.

Complete two full-length timed practice exams and log every missed question by domain.

Re-drill the two weakest domains with targeted question sets until each reaches 80%.