NJ P&C case studies
NJ P&C · Put your knowledge to work in context.
The New Jersey Property and Casualty Insurance Producer license is the credential that authorizes an individual or business entity to sell and service property and casualty insurance products in New Jersey. It is issued by the New Jersey Department of Banking and Insurance and is intended for new entrants preparing for a career as an agent or broker, for staff at agencies and carrier distribution channels, and for producers licensed elsewhere who need New Jersey authority. The NJ P&C case studies are 5 cases and about 3,743 words.
1The Warehouse Sale: Insurable Interest, Assignment, and a Promise the Policy Can't Keep
Owen owns a 12,000-square-foot warehouse in Clifton insured under a commercial property policy running January 1 to December 31 with a 1,000,000 building limit. He sells the building to Beacon Logistics; closing is March 1.
615 words, about 3 min2Basement Full of Cameras: Stacking Special Limits on an Unendorsed HO-3
Marisol owns a 1970s colonial insured on an HO-3: Coverage A 400,000, Coverage B 40,000, Coverage C 200,000, 2,500 all-peril deductible. She runs a wedding-photography business from the finished basement, where she keeps 12,000 of cameras and lights and a 9,000 editing computer.
731 words, about 4 min3Uninsured Driver, Health-Primary PIP, and the Verbal Threshold
Sofia, 45, holds a New Jersey Standard auto policy: liability 100/300/50, PIP 250,000 with a 1,000 deductible and the health-insurance-primary election, UM/UIM 100/300, and the limitation on lawsuit (verbal) threshold. In June an uninsured driver runs a red light and hits her car.
729 words, about 4 min4Coinsurance Penalty, Defective Subcontractor Work, and an Additional Insured Certificate
Ridgeline Builders carries a businessowners policy: building 900,000 (replacement cost of the building is 1,200,000), business personal property 300,000, 80% coinsurance, 5,000 deductible, and 1M/ 2M general liability. In April a kitchen fire causes 240,000 of building damage and 40,000 of damage to Ridgeline's tools.
809 words, about 4 min5Three Files in One Week: Take-All-Comers, the Residual Market, and a Rebate
A Newark agency faces three issues in one week. (1) An insurer wants to refuse a new private-passenger auto application from a 19-year-old with two at-fault accidents in 24 months and a driver's license that was suspended three months ago and since reinstated.
859 words, about 4 min