SC Property & Casualty study guide
SC Property & Casualty · Work through your exam, one topic at a time.
The South Carolina Property and Casualty Insurance Producer license is the credential that allows a person to sell, solicit, and negotiate property and casualty insurance products in the state - homeowners, dwelling, commercial property, personal and commercial auto, general liability, workers' compensation, and related lines. It is typically pursued by people entering agency sales, customer service, claims-adjacent roles, agency ownership, or captive and independent producer positions, and it is a common first step for career changers moving into insurance from banking, real estate, or retail. The SC Property & Casualty study guide has 11 sections and about 3,519 words.
01Insurance Principles and Concepts
Insurance transfers pure risk - uncertainty that can only produce loss or no loss. Speculative risk (gain or loss, such as gambling or launching a new product line) is not insurable.
347 words, about 2 min02Property Insurance Basics
Real property is land, buildings, and permanently attached items. Personal property is movable; business personal property adds stock, furniture, and tenant improvements.
336 words, about 2 min03Homeowners and Dwelling Insurance
Homeowners covers the dwelling (Coverage A), other structures (B), personal property (C), loss of use (D), personal liability (E), and medical payments to others (F). Coverage A usually floats B at 10%, C at 50–70%, and D at 30% of A; E and F are chosen separately.
329 words, about 2 min04Commercial Property Insurance
The Building and Personal Property Coverage Form (CP 00 10) covers the building, business personal property, and personal property of others at a described location. Causes of Loss forms attach separately: Basic (broad named perils plus riot and aircraft), Broad (adds water damage, glass breakage, falling objects, weight of snow or ice), and Special (open peril).
281 words, about 1 min05Liability Insurance Basics
Four elements must be proved: a duty of reasonable care, a breach of that duty, proximate cause , and actual damages . Defenses include comparative fault, assumption of risk, and lack of duty (for example, toward a trespasser).
323 words, about 2 min06Personal Auto Insurance
Part A – Liability pays damages the insured becomes legally liable for. Part B – Medical Payments pays reasonable medical expenses for the insured and passengers regardless of fault.
333 words, about 2 min07Commercial Auto Insurance
Coverage is triggered by covered auto designations, the numbered symbols. Symbol 1 is any auto (owned, hired, and non-owned); 2 is owned autos only; 3 owned private passenger; 4 owned autos other than private passenger; 7 specifically described autos; 8 hired autos only; 9 non-owned autos only.
323 words, about 2 min08Commercial General Liability
Coverage A covers bodily injury and property damage the insured is legally liable for because of an occurrence - an accident, including continuous or repeated exposure to substantially the same harmful conditions. Coverage B covers personal and advertising injury offenses such as libel, slander, wrongful eviction, invasion of privacy, and infringement of copyright, title, or slogan.
318 words, about 2 min09Workers' Compensation Insurance
Workers' compensation is a no-fault statutory benefit system. Employees give up the right to sue the employer in tort (the exclusive remedy ) and receive medical care and indemnity benefits for work-related injury or disease.
303 words, about 2 min10Other Insurance Coverages
An umbrella pays above scheduled underlying limits and can drop down to cover gaps where no underlying coverage exists, usually after a self-insured retention. It never replaces required underlying policies.
296 words, about 1 min11South Carolina Insurance Laws and Regulations
The South Carolina Department of Insurance , headed by an elected Commissioner of Insurance , licenses producers and enforces the insurance code. Producers must be licensed for each line, be appointed by the insurer, and complete continuing education each licensing cycle, including a required ethics component.
330 words, about 2 min