MD Property & Casualty case studies
MD Property & Casualty · Put your knowledge to work in context.
The Maryland Property & Casualty Insurance Producer License is a state credential that allows a person to be licensed to sell, solicit, or negotiate property and casualty insurance products in Maryland. It is aimed at people entering or advancing in the insurance sales profession - new agents, agency staff who will be licensed to transact business, career changers, and employees of insurers or agencies who need a producer appointment. The MD Property & Casualty case studies are 5 cases and about 3,724 words.
1The Coinsurance Penalty, the Replacement Cost Election, and a Waiver That Kills Subrogation
Riverside Bistro LLC owns a 1920s brick building in Annapolis. Its commercial property policy carries a 900,000 building limit, an 80% coinsurance clause, replacement cost on the building, and a 5,000 deductible.
663 words, about 3 min2Three Weeks of Running Water: Seepage Exclusion, Mold Sub-limit, and Additional Living Expense
The Whitakers own a 1998 colonial in Towson insured on an unendorsed HO-3: 400,000 Coverage A, 200,000 Coverage C, a 2,000 all-perils deductible. The family is away for 20 days in July when the supply line to a second-floor toilet fails.
708 words, about 4 min3An Uninsured Driver, a Speeding Teen, and Three Claims on One Maryland Auto Policy
Denise, a Baltimore County driver, carries a Maryland private passenger auto policy with 30/60/15 liability, uninsured motorist coverage at 30/60, and 2,500 of PIP. No PIP waiver was ever signed.
781 words, about 4 min4Premium in the Operating Account: A Producer's Fiduciary Breach and a Claim With No Policy
Greg, a producer at a Baltimore agency, collects a 6,300 check from a landscaping client for a new businessowners and workers' compensation package. The carrier's quote was 6,300, but the carrier had not issued the policy and Greg holds no binding authority for it; he never obtained written confirmation of coverage.
791 words, about 4 min5A Short Nonrenewal Notice, an Oral Promise, and a Fire in the Gap
The Okonkwos' homeowners policy with Charter Mutual expires June 30. In May the underwriter decides not to renew because of two water-damage claims in 30 months.
781 words, about 4 min