MS Property & Casualty case studies
MS Property & Casualty · Put your knowledge to work in context.
The Mississippi Property and Casualty Producer license is a state-issued credential that lets a producer sell and solicit property and casualty insurance products in Mississippi. It is aimed at new entrants preparing for their first producer license as well as currently licensed professionals adding a property and casualty line, and at agency staff who need a credentialed producer of record. The MS Property & Casualty case studies are 5 cases and about 3,328 words.
1The Landlord Who Won't Rebuild: Indemnity, Subrogation and the Mortgage Clause
Marcus owns a 60-year-old brick building in Gulfport and leases it to a restaurant tenant. The lease makes the tenant responsible for the interior build-out and contains a mutual waiver of subrogation.
608 words, about 3 min2The Two-Week Toilet Leak: Water, Mold and Code Upgrades Under an HO-3
Priya's HO-3 on her Jackson home carries Coverage A of 380,000 and a 2,500 all-peril deductible. In July she leaves for a 24-day trip to visit family.
641 words, about 3 min3The Unguarded Stairwell: Additional Insured, Exclusive Remedy and the Subcontract Waiver
Delta Builds is general contractor on a Rankin County medical office. Its CGL is an occurrence form with a 1M each-occurrence limit and a 2M general aggregate.
661 words, about 3 min4The Commingled Premium: Fiduciary Duty, Surplus Lines and a $250 Gift Card
Ray is a Mississippi-licensed property and casualty producer in Tupelo. In March he collects a 7,200 commercial auto premium from a logging client, deposits it into the agency's general operating account, and uses part of it to cover agency payroll before remitting to the carrier in May.
709 words, about 4 min5The Binder and the Undisclosed Duplex: Contract Formation, Materiality and the Innocent Co-Insured
In January, Neisha meets with an agent to insure a duplex she just bought in Columbus. On the application she answers 'no' to 'is any business conducted on the premises?' and does not mention two water losses in 2022 and 2023.
709 words, about 4 min