VT Property & Casualty study plan

Identify the Vermont Department of Financial Regulation (Insurance Division) and describe its licensing, examination, rate-filing, and market-conduct authority over insurers and producers

Differentiate Vermont producer licensing pathways, appointment and termination notification rules, and continuing-education obligations, including lines of authority

Apply Vermont unfair trade practice and producer fiduciary duties (premium trust, commingling, rebating, misrepresentation) to fact patterns

Define core insurance principles: insurable interest, indemnity, utmost good faith, adhesion, aleatory, and subrogation

Classify risk-management techniques and distinguish pure/speculative risk, moral/morale/physical hazards, and named vs. special perils

Compare HO-2, HO-3, HO-5, HO-4, HO-6, and HO-8 forms by perils insured against, valuation method, and eligibility

Break down Section I Coverages A through F and cite the special limits of liability and dollar thresholds for each

Explain Section II Coverages E and F, additional coverages, and the liability exclusions that most often appear on the exam

Apply DP-1, DP-2, and DP-3 valuation and coinsurance rules to dwelling loss scenarios

Match gap-filling endorsements (scheduled personal property, replacement cost, watercraft, flood, ordinance or law) to specific coverage shortfalls

Distinguish the declarations, insuring agreement, conditions, exclusions, and definitions components of a property policy

Compute coinsurance penalties, actual cash value, replacement cost, and deductible application for partial and total losses

Explain the elements of negligence (duty, breach, proximate cause, damages) and apply them to liability fact patterns

Differentiate absolute, strict, and vicarious liability and compare contributory, comparative, and assumption-of-risk defenses

Describe additional insured status, waiver of subrogation, and hold-harmless agreements and their effect on loss transfer

Identify Parts A through F of the Personal Auto Policy and state what each part pays and to whom

Apply Vermont financial responsibility limits, compulsory uninsured/underinsured motorist requirements, and tort liability rules to claim scenarios

Explain the duties after loss, exclusions affecting business use and ride-sharing, and the definition of covered auto

Select appropriate personal lines endorsements (named non-owner, towing and labor, transportation expenses, custom equipment, miscellaneous type vehicle) for stated needs

Distinguish the interaction of PAP coverage with homeowners and health coverage for the same loss

Compare the Building and Personal Property Coverage Form and the Condominium Commercial Unit-Owners form by covered property and valuation

Distinguish Basic, Broad, and Special causes of loss forms and identify which perils each adds

Apply coinsurance, agreed value, and blanket limit options to commercial property loss calculations

Explain inland marine concepts: nationwide marine definition, filed vs. non-filed forms, bailee and motor truck cargo coverage

Match builders risk, installation floater, EDP equipment and electronic data, and accounts receivable coverages to described exposures

Differentiate occurrence and claims-made trigger language and explain the effect of retroactive dates and extended reporting periods

Outline Coverages A, B, and C under the CGL, including what each insuring agreement promises to pay

Contrast each-occurrence, general aggregate, products-completed operations aggregate, personal and advertising injury, and damage-to-premises limits

Explain the intent of the pollution, your product, your work, impaired property, and employers liability exclusions

Interpret additional insured, primary and noncontributory, and waiver of subrogation endorsements in commercial contracts

Decode business auto coverage symbols and determine which autos and exposures each numbered symbol covers

Compare the Businessowners Policy with the CGL and commercial property forms by eligibility, coverages, and built-in endorsements

Identify the four workers compensation benefit categories (medical, disability income, death, rehabilitation) and explain exclusive remedy

Apply Vermont workers compensation rules on coverage requirements, classifications, experience rating, and extraterritorial coverage

Explain the commercial auto endorsements and BOP optional coverages most frequently tested

Distinguish umbrella from excess liability coverage and explain drop-down, self-insured retention, and required underlying limits

Differentiate surety bonds from insurance, naming the three parties and the principal types of contract, license, and permit, and judicial bonds

Review flag-and-fix notes from every prior week and re-drill the three weakest domains

Complete a full-length timed practice exam using the same weighting as the licensing exam

Recite Vermont-specific rules and limits that are memorization-dependent without reference materials