ME Property & Casualty study plan

ME Property & Casualty · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Insurance Principles and Concepts & Property Insurance Basics and Coverages

Define risk, peril, hazard, loss exposure, and pure vs. speculative risk in your own words
Distinguish indemnity, insurable interest, utmost good faith, subrogation, and adhesion from one another
Explain the roles of producers, underwriters, adjusters, and reinsurers in the transfer process
Label the parts of a policy structure (declarations, insuring agreement, conditions, exclusions, definitions) on a sample homeowners policy

One-page glossary of 25 Domain 1 terms plus an annotated outline of a property policy structure

Week 2

Compare the HO-2, HO-3, HO-5, HO-4, HO-6, and HO-8 forms by eligible risk and coverage basis
List the named perils in the broad form and match each to a real-world loss scenario
Differentiate Coverage A, B, C, and D limits and explain how each is derived
Apply special limits and exclusions to at least five sample homeowners claims

Completed comparison chart of all homeowners forms plus 10 solved practice questions with written rationales

Week 3

Explain dwelling coverage under the DP-1, DP-2, and DP-3 forms and how they differ from homeowners
Describe flood and earthquake treatment, including the NFIP write-your-own role and waiting periods
Outline inland marine and commercial property coverages such as BPP, business income, and extra expense
Calculate coinsurance penalties and replacement-cost settlements on three worked examples

Worked problem set of 15 calculation and coverage-application items scored at 80% or better

Week 4

Trace the liability policy structure: insuring agreement, limits (occurrence vs. aggregate), supplementary payments, and exclusions
Distinguish negligence elements, comparative vs. contributory fault, and the four types of damages
Differentiate CGL occurrence and claims-made triggers, including retroactive dates and extended reporting periods
Match personal and advertising injury offenses and medical payments coverage to sample fact patterns

Timed 30-question Domain 2 and 3 quiz with every missed item rewritten as a corrected flashcard

Week 5

Compare PAP parts A through D and identify who qualifies as an insured under each part
Explain no-fault, financial responsibility, and uninsured/underinsured motorist concepts and where they apply
Summarize workers compensation benefits, exclusive remedy, and the employer liability exposure
Distinguish umbrella/excess limits, certificates of insurance, and additional insured endorsements

Completed coverage-matrix of PAP, personal umbrella, and workers compensation with 10 applied scenarios answered correctly

Week 6

Outline Maine producer licensing: qualification, appointment, termination, and notification duties
Describe Maine Bureau of Insurance authority, examination rights, and enforcement actions
Identify unfair trade practices and prohibited acts, including rebating, misrepresentation, and commingling
Explain Maine continuing education obligations and recordkeeping expectations without relying on memorized numbers

Maine regulation outline with citations to the licensing and trade-practice topics you can defend from memory

Week 7

Apply Maine-specific rules on cancellation, nonrenewal, and notice of premium change to consumer scenarios
Describe the Maine residual market and guaranty mechanism roles at a conceptual level
Re-test Domain 1 ethics and fiduciary duties as they appear in Maine enforcement questions
Resolve 20 scenario-based Maine law questions with a written justification for each answer

Maine law scenario log of 20 items with justifications and a list of the five rules you still confuse

Week 8

Complete three full-length timed practice exams under test-day conditions
Rank your four domain scores and rebuild flashcards only for the two weakest areas
Re-derive the homeowners, PAP, and CGL structures from a blank page without notes
Draft a one-page exam-day strategy covering pacing, flagging, and distractor patterns

Score report showing 80% or higher on two of three practice exams plus a final one-page recall sheet

Week 2: Name every homeowners form and its coverage basis from memory, with 8 of 10 practice items correct

Week 4: Score 75% or better on a mixed Domain 1 and 2 quiz and show completed coinsurance calculations

Week 6: Score 75% or better on a mixed Domain 2 and 3 quiz and recite the Maine licensing workflow in order

Week 8: Reach 80% or higher on at least two full-length timed practice exams, with no domain below 70%