UT Property & Casualty study guide
UT Property & Casualty · Work through your exam, one topic at a time.
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 study guide has 5 sections and about 1,740 words.
01Insurance Principles and Concepts: Risk, Insurable Interest, and Policy Mechanics
Risk is uncertainty about loss; a peril is the cause of loss (fire, windstorm, theft, collision); a hazard increases the chance or severity of loss. Physical hazards are tangible (frayed wiring, icy steps).
338 words, about 2 min02Property Insurance Coverages and Policy Provisions
Homeowners forms divide into Section I (property) and Section II (liability): Coverage A dwelling, B other structures, C personal property, D loss of use, E personal liability, F medical payments to others. Know the difference between HO-3 (special/open-peril on the dwelling, broad named perils on contents) and HO-5 (open peril on both), plus HO-2, HO-4 (renters), and HO-6 (condo).
329 words, about 2 min03Casualty Insurance Coverages and Policy Provisions
Negligence requires duty, breach, proximate cause, and damages . Defenses include comparative fault, assumption of risk, and statutes of limitation.
368 words, about 2 min04Utah Insurance Laws, Rules, and Regulations
Utah's insurance law is codified in Title 31A, Utah Insurance Code , administered by the Utah Insurance Department under a commissioner appointed by the governor. The Department licenses producers and insurers, conducts market-conduct and financial examinations, reviews rates and forms (largely a competitive, file-and-use environment), issues cease-and-desist orders, imposes fines, and suspends or revokes licenses after notice and hearing.
343 words, about 2 min05Producer Licensing, Marketing, and Ethical Practices
A candidate must meet statutory qualifications, pass the licensing examination, apply to the Utah Insurance Department, and be appointed by an insurer before soliciting on its behalf. Nonresident producers are licensed through reciprocity.
362 words, about 2 min