Rhode Island Property and Casualty Insurance Producer study plan

Define insurable interest, indemnity, utmost good faith, and adhesion, and explain how each shapes a property or casualty contract.

Distinguish the parts of an insurance contract, including declarations, insuring agreement, conditions, exclusions, and endorsements.

Compare actual cash value, replacement cost, and agreed value using three numerical examples.

Identify common property policy provisions such as coinsurance, deductibles, and duties after loss.

Compare HO-3, HO-4, HO-5, HO-6, and HO-8 coverage forms by named perils, open perils, and eligible occupancy.

Map Coverage A through Coverage F limits to a sample homeowners declarations page.

Explain flood coverage under a standard flood program and distinguish it from homeowners water damage exclusions.

Apply deductible and loss settlement rules to two residential property claim scenarios.

Define negligence, proximate cause, duty, breach, damages, and contributory versus comparative fault.

Distinguish absolute liability, strict liability, and vicarious liability using business and household examples.

Explain the purpose and structure of liability limits, including per occurrence, aggregate, and split limits.

Identify common liability exclusions and the role of additional insured endorsements.

Compare personal auto policy Parts A through D and identify which coverage responds to bodily injury, property damage, medical payments, uninsured motorist, and physical damage.

Distinguish collision from other than collision coverage and apply deductibles to three claim examples.

Explain how tort thresholds, no-fault concepts, and uninsured or underinsured motorist coverage interact in a claim.

Identify endorsements that change personal auto coverage for added drivers, business use, or rideshare exposure.

Compare commercial property coverage forms, including building and personal property, business income, and extra expense.

Explain coinsurance, agreed value, and blanket versus specific limits in commercial property policies.

Identify causes of loss forms and distinguish basic, broad, and special perils.

Map common endorsements such as equipment breakdown, ordinance or law, and spoilage to the exposures they address.

Distinguish commercial general liability occurrence and claims-made forms, including retroactive dates and extended reporting periods.

Explain the coverage parts of a business auto policy and how symbols assign covered autos.

Describe workers compensation benefits, exclusive remedy, and the role of employers liability coverage.

Apply general liability and commercial auto limits to two multi-party claim scenarios.

Outline Rhode Island producer licensing steps, including application, examination, appointment, and renewal, using current official state materials.

Explain Rhode Island rules on continuing education, license status, and reporting of administrative actions.

Identify Rhode Island unfair trade practice and consumer protection requirements that affect marketing and claims.

Distinguish producer responsibilities for premium handling, fiduciary duties, and disclosure.

Apply underwriting principles to decide whether to accept, modify, or decline three personal and commercial risks.

Demonstrate claims handling steps including notice, investigation, reserving, settlement authority, and documentation.

Explain producer duties in policyholder service, including coverage recommendations, binding authority limits, and privacy.

Integrate all nine domains by completing a timed mixed practice exam and reviewing every error.