UT Property & Casualty case studies
UT Property & Casualty · Put your knowledge to work in context.
The Utah Property & Casualty Producer license is the credential an individual needs to sell, solicit, and negotiate property and casualty insurance in Utah - homeowners, personal auto, commercial property, general liability, and related lines. Typical candidates are new agents entering the field, producers moving over from another line of authority such as life or title, and agency staff who want to hold a license in their own name. The UT Property & Casualty case studies are 5 cases and about 3,963 words.
1The Fire Before Closing
Priya signs a binding contract to buy a 12-unit apartment building for 2,400,000, closing in 30 days, with 50,000 earnest money at risk. Her lender requires property insurance in place before closing, so her producer binds a 2,400,000 replacement-cost policy on the building effective the day after signing.
749 words, about 4 min2The Warehouse Coinsurance Trap
Hala's packaging business occupies a 40,000-square-foot warehouse she owns. Her commercial property policy shows: building replacement cost 2,000,000 (confirmed by appraisal), building limit 1,200,000, an 80% coinsurance clause, a 10,000 deductible that the form applies to the amount of loss before the coinsurance percentage, replacement cost settlement on the building, and business income coverage of 25,000 per month (net income plus continuing expenses) with a 72-hour waiting period.
707 words, about 4 min3The Subcontractor's Certificate
Delta Builders is general contractor on a 4,000,000 school renovation. Its subcontract requires Summit Mechanical to carry CGL of 1,000,000 per occurrence, to name Delta as an additional insured on a primary and noncontributory basis, and to indemnify Delta for claims 'arising out of Summit's work.' Summit's certificate of insurance shows all three.
833 words, about 4 min4The Unlicensed Office Manager
Greg owns Cascade Insurance Agency in Provo and holds a Utah resident producer license. He hires Nadia as an "office manager." Nadia is not licensed.
785 words, about 4 min5The Cheaper Policy for Mr. Okafor
Denise is 4,000 short of her quarterly production goal with two weeks left. Her long-time client Mr.
889 words, about 4 min