P&C Principles
Table of Contents
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Introduction to P&C PRINCIPLES |
1 |
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P&C Principles |
2 |
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What Insurance Is All About |
3 |
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Morale and Moral Hazards |
3 |
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Insurers |
4 |
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Chance of loss |
5 |
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Floater, Endorsement, All-risk |
6 |
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The Effects of Fraud and/or Theft |
7 |
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Facts & Theories of Risk and Insurance |
8 |
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The two types of risk |
9 |
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The two elements involved in speculative risks |
9 |
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Risk Analysis - Liability Exposures |
11 |
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Basic guidelines used to set insurance rates |
12 |
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The three ways in which risk is usually stated |
13 |
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The Insurance Policy and Analysis - Perils and Property |
14 |
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The basic format of insurance policies |
15 |
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Declarations |
15 |
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Warranties |
15 |
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Insuring Agreements |
16 |
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Exclusions |
16 |
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Conditions and Miscellaneous Provisions |
16 |
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Definitions |
16 |
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Endorsements and Riders |
16 |
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The Insurance Policy Layout |
17 |
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The Homeowner Series |
18 |
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As A Recap: Replacement Value, Actual Cash Value, Market Value |
20 |
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Section I of Form #1 (HO-1) |
21 |
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Section II of Form #1 Consists of Coverage E and F |
23 |
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Form #2 (HO-2) |
23 |
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Form #3 (HO-3) |
24 |
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Form #4 (HO-4) |
24 |
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Form #5 (HO-5) |
25 |
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Form #6 (HO-6) |
25 |
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Form #8 (HO-8) |
25 |
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The four sections of a homeowner's policy |
26 |
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Natural Disasters |
27 |
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Volcanoes |
29 |
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Hurricanes and Tornadoes |
30 |
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Possessions |
31 |
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Automobile Coverage |
32 |
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First party, second party, third party |
33 |
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Three typical parts to an automobile policy |
35 |
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Family Automobile Policy (FAP) |
36 |
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No-Fault Policies |
37 |
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Auto Liability Coverage |
38 |
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Property Damage |
39 |
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Medical Payments |
39 |
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Personal-Injury Protection |
39 |
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Collision |
40 |
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Comprehensive Coverage |
40 |
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Uninsured and Underinsured Motorists |
41 |
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Towing and Service/Rental Care Reimbursement |
41 |
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Umbrella Insurance |
41 |
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Negligence Laws |
42 |
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Policy Standardization |
43 |
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Custom |
43 |
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Statute |
43 |
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Intercompany Agreements |
44 |
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Loss-Adjustment Provisions |
45 |
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Notice of Loss |
45 |
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Processing an Auto Claim |
46 |
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Three basic types of negligence laws |
46 |
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Policy provisions relating to |
47 |
United Insurance Educators, Inc.