Exam topics

Showing 41–50 of 280 articles · Page 5 of 28

• Duties after a property lossAfter a property loss, the insured must follow the duties stated in the policy. Common duties include prompt notice, protecting property from further …
• Personal auto policy exclusions: what standard coverage may not pay forA Personal Auto Policy (PAP) does not cover every driver, vehicle, use, loss, or location. Common restrictions can involve ride-hailing or paid delive…
• DP-1, DP-2, and DP-3 Dwelling PoliciesDP-1, DP-2, and DP-3 are common labels for basic, broad, and special dwelling-policy forms. At a high level, DP-1 and DP-2 use named-peril structures,…
• How policy endorsements change coverageAn endorsement is an attachment or amendment that changes, adds, removes, or clarifies terms in an insurance policy. It can broaden coverage, add a li…
• Texas minimum auto liability limitsTexas’s minimum motor-vehicle liability limits are commonly written 30/60/25: $30,000 for bodily injury or death to one person in a collision, up to $…
• HO-2 vs. HO-3 Homeowners InsuranceHO-2 and HO-3 are common homeowners-form labels with different property-peril structures. HO-2 is commonly the broad form: the dwelling and personal p…
• Personal Auto Policy coverage partsA Personal Auto Policy (PAP) groups protection into separate coverage parts. A common policy structure includes liability for injury or property damag…
• Waiver vs. estoppel in insuranceWaiver and estoppel are distinct legal doctrines. Waiver generally concerns an intentional relinquishment of a known right; estoppel generally focuses…
• Application vs. binder vs. policyAn application gives the insurer information to evaluate a request for coverage. An authorized binder creates temporary coverage for the stated terms.…
• Bodily injury vs. property damage liability limitsBodily-injury (BI) liability limits cap covered claims for physical injury or death to other people for which an insured is legally responsible. Prope…