MN Property & Casualty case studies
MN Property & Casualty · Put your knowledge to work in context.
The Minnesota Property & Casualty Insurance Producer Examination is the licensing test a candidate must pass to become eligible for a Minnesota insurance producer license covering property and casualty lines. It is aimed at people entering insurance sales - new agents, agency customer-service and sales staff, and producers adding a property/casualty line of authority - who will work with homeowners, dwelling, commercial property, inland marine, personal and commercial auto, general liability, and workers' compensation coverage. The MN Property & Casualty case studies are 5 cases and about 3,695 words.
1The Gift Card, the Cash Premium, and the Promise of 'Full Coverage'
Dana is a licensed producer at a three-person Minnesota agency. Marcus, who owns a 40-seat restaurant, is renewing his businessowners policy and adding a delivery van.
732 words, about 4 min2The Binder, the Hidden Claim, and the Rescission Letter
Priya applies for a homeowners policy through producer Alan and pays the first month's premium. Alan issues a 30-day binder on the spot.
746 words, about 4 min3The 80% Rule, a Fire, and a Garage the Limit Won't Reach
A Minnesota homeowner insures a 1962 house on an HO-3 with Coverage A of 280,000, a 1,000 deductible, and no inflation guard. The cost to rebuild the dwelling at the time of loss is 400,000.
677 words, about 3 min4Ice, Comparative Fault, and a Certificate of Insurance
A customer slips on ice in the parking lot of a Minnesota hardware store and fractures a wrist. Medical bills are 38,000 and lost wages are 6,000.
711 words, about 4 min5Seventy-Five Days Empty: Vandalism, Water, and the Bank's Mortgage Clause
Terrence owns a duplex insured on a dwelling policy with a 1,000 deductible and a mortgage clause in favor of the local bank that holds the 180,000 note. The last tenants moved out 75 days ago; Terrence is renovating between showings and stops by weekly.
829 words, about 4 min