TN Property & Casualty case studies
TN Property & Casualty · Put your knowledge to work in context.
The Tennessee Property & Casualty Insurance Producer License Examination is the state's qualifying test for people who want to sell or negotiate property and casualty insurance in Tennessee. A producer license lets you transact homeowners, dwelling, commercial property, auto, general liability and related lines on behalf of an authorized insurer, and it must be in place before you solicit, quote or bind coverage. The TN Property & Casualty case studies are 5 cases and about 3,156 words.
1Renewals, Referral Fees, and Continuing Education: A Producer's First 60 Days at a New Agency
Dana has been a Tennessee producer for nine years, appointed by Carriers X, Y and Z at Agency A. On February 1 she resigns and joins Agency B.
679 words, about 3 min2An Oral Binder, a Concealed Prior Fire Loss, and a Mortgagee Who Did Nothing Wrong
Ravi signed a contract on February 1 to buy a duplex and closed on February 3. That afternoon he phoned his agent, who said, "You're covered as of today; the binder goes out tonight." On the application, in answer to "Any property losses in the past five years?" Ravi answered no.
605 words, about 3 min3The 80% Coinsurance Penalty, a Code Upgrade, and a Lease That Kills Subrogation
Terry owns a 1978 strip retail building insured on a commercial property form with a 600,000 building limit, an 80% coinsurance clause, replacement cost settlement, and a 5,000 deductible. There is no ordinance-or-law endorsement and no business income coverage.
591 words, about 3 min4HO-3 Special Limits, a Home Business, and a Sewer Backup
The Whitfields insure their home on an HO-3 with 400,000 on Coverage A, Coverage B at 10%, Coverage C at 50%, Coverage D at 30%, a 1,000 all-perils deductible, and a water backup endorsement with a 5,000 limit. The form's special limits include 2,000 for theft of jewelry, 2,500 for theft of silverware, 500 for money, and 2,500 for business property on the residence premises.
613 words, about 3 min5Delivery Work, Stacked UM Limits, and Modified Comparative Fault
Maya carries a Tennessee personal auto policy on two vehicles: liability 100/300/50, UM/UIM 100/300, medical payments 5,000, and a 500 collision deductible. Her son Eli, 22, is a listed driver; his car is garaged with him at college 200 miles away, and both vehicles carry separately rated UM premiums.
668 words, about 3 min