NV Property & Casualty study plan

Define the characteristics of an insurable risk and test five candidate exposures against them, writing an accept/reject verdict with a one-sentence reason for each.

Explain indemnity, insurable interest, utmost good faith, representations, warranties, and subrogation, and state in one line how each principle affects whether and how much a claim pays.

Label the six structural parts of a property policy (declarations, insuring agreement, conditions, exclusions, definitions, endorsements) on a blank policy outline and describe what each part controls.

Differentiate actual cash value, replacement cost, functional replacement cost, and agreed value, then compute the payable amount for three losses given purchase price, age, and depreciation.

Calculate a coinsurance penalty on two underinsured property losses and explain how deductibles and other-insurance clauses change the final payment.

Break a liability scenario into the four negligence elements and determine whether a duty was breached, then contrast contributory, comparative, and assumed risk outcomes on the same facts.

Classify five scenarios as absolute, strict, or vicarious liability and name the coverage type that responds to each.

Map Nevada insurance regulation by recording the Commissioner's authority, producer licensing and appointment steps, prelicensing and biennial continuing-education hour requirements, and the ethics-hour requirement from the current state producer guide.

Document Nevada rules for policy cancellation and nonrenewal notice periods, premium refunds, and the role of the state guaranty association, citing the source for each figure.

Identify at least eight unfair trade practices (including rebating, twisting, misrepresentation, and commingling) and match each to a short fact pattern that illustrates it.

Compare the Dwelling DP-1, DP-2, and DP-3 forms by named perils, coverage basis, and eligibility, and select the correct form for four described risks.

Apply Dwelling coverage limits, extensions, and special limits to a total loss and a partial loss, writing out each payment calculation.

Distinguish HO-2, HO-3, HO-5, HO-4, HO-6, and HO-8 by occupancy, coverage basis, and eligibility, and assign the right form to five fact patterns.

Apply the Homeowners special limits for money, securities, jewelry, firearms, silverware, and business property to three theft losses and state the payout for each.

Match Homeowners exclusions (flood, earth movement, ordinance or law, intentional loss, business use) to the endorsement or policy that fills each gap.

Explain each part of the Personal Auto Policy (liability, medical payments, uninsured/underinsured motorist, physical damage, duties after loss) and state what each part does and does not pay.

Classify six vehicle scenarios as owned auto, newly acquired auto, temporary substitute, or non-owned auto, and state whether coverage applies and at what limit.

Record the current Nevada minimum financial responsibility limits, uninsured/underinsured motorist requirements, and proof-of-coverage and notice rules from the state insurance guide.

Compute a split-limit liability payment across two injured claimants and apply the other-insurance and no-benefit-to-bailee provisions to reach a final figure.

Identify the major PAP exclusions (racing, ride-share, delivery, intentional acts) and name the endorsement or separate policy that restores coverage for each.

Map the Commercial Package Policy structure (declarations, common policy conditions, coverage parts, interline endorsements) and show how three modules combine into one policy for a sample business.

Differentiate Commercial Property forms by causes-of-loss (basic, broad, special) and by valuation (scheduled, blanket, agreed value), then choose the right combination for four described businesses.

Contrast the occurrence and claims-made liability triggers and explain the retroactive date and extended reporting period in plain language.

Apply the general aggregate, products-completed operations aggregate, and each-occurrence limits to two loss scenarios, including how the aggregate is reduced and restored.

Distinguish CGL Coverage A, B, and C and apply at least six CGL exclusions to fact patterns, stating whether the loss is covered or excluded.

Describe the trigger and typical use of inland marine, commercial crime, commercial auto, and equipment breakdown coverage for four commercial risks.

Apply Businessowners Policy eligibility rules (eligible and ineligible classes, building and contents size thresholds) to five risks and write an accept-or-decline decision with the reason for each.

Compare BOP property coverage, special limits, and business income with extra expense against an equivalent Commercial Package, and list three situations where the BOP is the wrong choice.

Explain the BOP liability coverage parts and optional endorsements and select the endorsement needed for three described exposures.

Outline the workers' compensation benefit categories (medical, disability income, death, rehabilitation) and state who pays and what limits apply under Part One and Part Two employer's liability.

Apply classification, payroll and remuneration basis, and experience modification to compute a manual premium, and explain the exclusive remedy doctrine on three fact patterns.

Record the current Nevada workers' compensation coverage requirements, including when an employer must carry coverage and the consequences of going uninsured.

Re-derive the Nevada regulatory figures from memory (licensing, appointment, continuing education, cancellation and nonrenewal notice, unfair trade practice penalties) and check each against the source sheet from week 2.

Re-solve ten negligence and liability fact patterns from a blank page without notes and grade each against the model answer.

Compile every missed question from weeks 1 through 6 into a single error log, tagging each miss by domain and by root cause (misread, unknown term, wrong limit, calculation error).

Complete 30 mixed questions drawn from Domains 1 through 4 and score at 85% or better.

Re-teach the three densest commercial concepts (CGL aggregates, claims-made triggers, BOP eligibility) from memory in a five-minute spoken explanation each, then verify against notes.

Rewrite the twenty most-missed concepts from the error log as corrected one-line rules with the reason the wrong answer was tempting.

Complete two timed 75-question half-exams under test conditions and score each at 80% or better.

Review the flagged domains from week 7 and close each gap to at least 80% on a 15-question targeted set.