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