MT Property & Casualty case studies

MT Property & Casualty · Put your knowledge to work in context.

The Montana property and casualty producer license is the credential that allows a person to sell, solicit, and negotiate property and casualty insurance in Montana. It is issued by the Montana Commissioner of Securities and Insurance (CSI), the Office of the State Auditor in Helena, and it is one of several license types - producers, adjusters, and consultants - handled by the CSI's licensing division. The MT Property & Casualty case studies are 5 cases and about 4,142 words.

The Rebate, the Receptionist, and the Premium Trust Account

Marisol Vega holds a property and casualty producer license and works for Ridgeway Agency. To close a 3,000 commercial package policy, she tells the owner she will personally refund 200 of her commission after binding.

880 words, about 4 min 2

Coinsurance Math, a Pending Sale, and a Mortgagee

Cornerstone Holdings owns a 40-year-old warehouse insured on a replacement cost basis under a policy with an 80% coinsurance clause and a 5,000 deductible per loss. The building's replacement cost is 2,000,000 and Cornerstone carries 1,200,000.

714 words, about 4 min 3

The Shower Pan That Leaked for Eight Months

Perrin's home is insured on an HO-3 with Coverage A of 450,000, Coverage B of 45,000, a 2,500 deductible per occurrence, a 10,000 aggregate sublimit for mold remediation, and a 1,500 sublimit for water backup. Over roughly eight months a leaking shower pan let water seep behind the tile.

807 words, about 4 min 4

Tendering a Post-Completion Fire to the Subcontractor's Carrier

Halberd Construction was general contractor on a 4,000,000 warehouse completed and turned over to the owner in January 2024. Trelane Electric wired the building under a 600,000 subcontract that required Trelane to insure Halberd as an additional insured.

873 words, about 4 min 5

The Retroactive Date That Moved

Kestrel Design Group, an architecture firm, bought a professional liability policy for calendar 2024 on a claims-made-and-reported basis: 2,000,000 limit, 50,000 deductible, retroactive date January 1, 2019. On November 14, 2024, the client for a 2021 project wrote that the roof trusses "appear undersized" and demanded Kestrel "make it right" at an estimated 600,000.

868 words, about 4 min