Personal Lines exam topics

Showing 21–30 of 352 articles · Page 3 of 36

• Compensatory vs. Punitive DamagesCompensatory damages aim to compensate a claimant for actual economic or noneconomic harm. Punitive damages, called exemplary damages in Texas statute…
• Texas Personal Injury Protection: Coverage and RejectionTexas auto liability policies must include personal injury protection (PIP) unless a named insured rejects it in writing. PIP pays covered accident-re…
• Per-Occurrence vs. Aggregate Liability LimitsA per-occurrence limit is the maximum an insurer will pay for covered claims arising from one occurrence, subject to the policy. An aggregate limit is…
• Texas Auto Financial Responsibility LawTexas law generally bars operating a motor vehicle unless financial responsibility is established for it. The most common method is a liability policy…
• Auto Bodily Injury Liability CoverageAuto bodily injury liability coverage can pay covered damages an insured legally owes other people for bodily injury or death caused by an auto accide…
• HO-2 vs. HO-3: Named and Open PerilsIn the classic ISO forms described by TDI, HO-2 uses named perils for the dwelling, other structures, and contents, while HO-3 gives the dwelling and …
• Auto Property Damage Liability CoverageAuto property damage liability coverage can pay covered amounts an insured legally owes for damage to someone else’s property arising from a covered a…
• HO-3 vs. HO-5: Property Coverage DifferencesIn the classic ISO comparison described by TDI, HO-3 and HO-5 both cover the dwelling and other structures for direct physical loss subject to excepti…
• HO-4 vs. HO-6: Renters and Condo InsuranceHO-4 is the classic renters form for a tenant’s personal property and liability interests. HO-6 is for a condominium or cooperative unit owner and can…
• Split Limits vs. Combined Single LimitSplit-limit liability insurance sets separate caps for bodily injury to one person, bodily injury to all people in an accident, and property damage. A…