TN Property & Casualty study guide
TN Property & Casualty · Work through your exam, one topic at a time.
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 study guide has 6 sections and about 2,270 words.
01Tennessee Insurance Laws, Regulations, and Licensing
Insurance in Tennessee is regulated by the Tennessee Department of Commerce and Insurance (TDCI) , headed by a commissioner appointed by the governor - not elected. The commissioner licenses producers, agencies, and adjusters; reviews forms and rates where filing is required; examines market conduct; and may issue fines or suspend/revoke a license only after notice and an opportunity for a hearing.
405 words, about 2 min02General Insurance Concepts, Contracts, and Policy Provisions
Risk is the chance of loss; a peril is the cause of loss (fire, windstorm, collision); a hazard increases the chance or severity of loss (physical, moral, morale). Insurance handles pure risk (loss or no loss), never speculative risk.
361 words, about 2 min03Property Insurance Basics: Policies, Perils, and Exclusions
A named-peril form covers only perils listed (fire, lightning, windstorm, hail, explosion, riot, vandalism, and in broad forms, water damage and weight of ice/snow). A special (open-peril) form covers all risks of direct physical loss unless excluded - broader coverage, but the exclusions do the real work in exam questions.
372 words, about 2 min04Dwelling, Homeowners, and Commercial Property Coverages
The HO program has two halves: Section I (property) and Section II (liability and medical payments to others) . Coverages: A – dwelling, B – other structures, C – personal property, D – loss of use, E – personal liability, F – medical payments to others .
395 words, about 2 min05Casualty Insurance Basics: Liability Concepts and Policy Structure
To collect in negligence the claimant must prove duty (standard of care), breach , proximate cause , and damages . Related doctrines: negligence per se (statute violated), res ipsa loquitur (the thing speaks for itself), vicarious liability (employer for employee acts within scope), and strict/absolute liability (no fault needed, e.g., hazardous activities).
366 words, about 2 min06Automobile, Commercial Liability, and Related Casualty Coverages
The PAP has four parts: A – Liability (BI and PD to others), B – Medical Payments , C – Uninsured/Underinsured Motorists , and D – Coverage for Damage to Your Auto (collision and other than collision/OTC). Tennessee requires liability limits of at least 25/50/25 and requires UM at the liability limits unless the insured rejects it in writing.
371 words, about 2 min