OK Property & Casualty case studies

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

The Oklahoma Property & Casualty license is the credential a producer needs to sell, solicit, or negotiate property and casualty insurance in the state. It covers personal lines - homeowners, dwelling, personal auto - alongside commercial property, businessowners, commercial auto, general liability, and workers' compensation. The OK Property & Casualty case studies are 5 cases and about 4,064 words.

Unlicensed Binding, Commission Splits, and Premium in the Operating Account

Dana is the designated producer at a three-person independent agency in Tulsa. Last quarter her unlicensed customer service representative, Marcus, quoted a 42,000 commercial package to a landscaping client and told the client it was "bound effective Monday." The carrier never issued a policy.

779 words, about 4 min 2

The 80% Coinsurance Argument That 'No Single Fire Could Ever Be That Big'

A Norman, Oklahoma landlord insures a 12-unit brick apartment building on a replacement-cost commercial property form with an 80% coinsurance clause and a 2,500 deductible. The building's replacement cost at the time of loss is 1,200,000.

761 words, about 4 min 3

One Policy Year, Three Claims, and a Home Bakery Nobody Underwrote

The Hendersons own a 22-year-old house in Edmond, Oklahoma, insured on an HO-3 with a 450,000 Coverage A limit, a 2,000 all-perils deductible, and a 2% windstorm/hail deductible. Three events hit in one policy year.

751 words, about 4 min 4

The Mustang in the Driveway, the Rideshare App, and the Hit-and-Run

The Reyes family carries an Oklahoma personal auto policy on a 2019 Silverado and a 2016 Camry, with liability limits of 25/50/25 and UM/UIM at 25/50. Son Austin, 17, lives at home and is a listed driver.

883 words, about 4 min 5

Nine Roofers on 1099s and a $210,000 Back Injury

Brick & Beam Roofing is an Oklahoma corporation with 14 employees and a workers' compensation policy carrying a 1.18 experience modification. For three years it has treated nine roofers as 1099 subcontractors: they work only for Brick & Beam, use the company's ladders, trucks, and nail guns, are on a company-set schedule, are paid weekly, keep no business license, and carry no workers' compensation insurance of their own.

890 words, about 4 min