SC Property & Casualty study plan

Define risk, peril, hazard, loss, and exposure, then classify ten given examples into the correct category

Explain indemnity, insurable interest, utmost good faith, warranties, and subrogation, and match each principle to the policy clause that implements it

Distinguish actual cash value from replacement cost and calculate a coinsurance penalty on three worked loss examples

Label the declarations, insuring agreement, conditions, exclusions, and definitions sections of a specimen property policy

Differentiate the major marketing and distribution systems and the roles of agent, broker, and adjuster

Map Homeowners Section I Coverages A through F and Section II Coverages E and F to what each pays and how each limit is set

Compare HO-2, HO-3, HO-4, HO-5, HO-6, and HO-8 on perils insured against and on who is an eligible insured

Apply special limits of liability and key exclusions, including water damage, ordinance or law, and business pursuits, to eight claim scenarios

Compute a dwelling loss payment using the Section I loss settlement conditions, including the deductible and any inflation guard

Outline the dwelling policy forms and explain where they differ from homeowners coverage on perils and occupancy

Identify who qualifies as an insured under the personal auto policy and apply that definition to six ownership and residency fact patterns

Break down Part A liability, Part B medical payments, Part C uninsured/underinsured motorists, and Part D collision and other-than-collision coverages by what each pays

Apply the major personal auto exclusions, including intentional acts, racing, vehicle-for-hire use, and business use of a pickup, to given scenarios

Explain how South Carolina financial responsibility minimum limits interact with a claim payment and with uninsured motorist coverage

Describe how endorsements change the base policy for added drivers, custom equipment, and transportation expenses

Re-solve ten previously missed personal auto items without notes and explain the reasoning aloud or in writing

Distinguish negligence elements, proximate cause, contributory and comparative negligence, and the doctrines of assumed risk and vicarious liability

Explain the components of legal liability damages, including compensatory, special, general, and punitive, and identify which are typically insurable

Compare occurrence, claims-made, and umbrella liability trigger language and describe how each responds to a loss

Define additional insured, waiver of subrogation, and cross-liability concepts and give a use case for each

Outline South Carolina licensing requirements, including prelicensing education, examination, appointment, and continuing education obligations

Describe producer duties and prohibited practices, including commingling, rebating, misrepresentation, and unfair claim settlement practices

Explain the role of the South Carolina Department of Insurance and the procedures for complaints, hearings, and penalties

Summarize South Carolina requirements for policy cancellation, nonrenewal, and notice of premium change for personal lines

Identify South Carolina-specific rules on furnishing proof of insurance, electronic transactions, and fraud reporting

Compare commercial property coverage forms, including building and personal property, business income with extra expense, and causes of loss forms, by what each insures

Compute a commercial property coinsurance requirement and the resulting loss payment for a reported partial loss

Identify the three sections of the commercial general liability coverage form and explain the coverage grant in each

Differentiate occurrence from claims-made CGL triggers and describe how the retroactive date, extended reporting period, and aggregate limits operate

Apply CGL exclusions such as expected or intended injury, contractual liability, professional liability, and pollution to given fact patterns

Distinguish business auto, garage, truckers, and motor carrier coverage forms and identify the symbols used to designate covered autos

Explain workers' compensation benefits, including medical, disability income, death, and rehabilitation, and describe the exclusive remedy concept

Differentiate Part One workers' compensation, Part Two employers liability, and Part Three other states coverage, and apply the experience modification factor

Compare the coverage intent of umbrella and excess liability, professional liability, employment practices liability, inland marine, and crime coverages

Match ten described loss exposures to the coverage form or endorsement that best addresses each one

Complete two full-length timed practice examinations under exam conditions and record the score by domain

Re-study only the two lowest-scoring domains from the practice exams, using the error logs built in earlier weeks

Recompute the highest-yield calculations, including coinsurance penalties, ACV versus replacement cost, and limit application, without reference notes

Recite the South Carolina licensing and producer-conduct rules and the personal auto coverage parts from memory in a self-quiz