Georgia Property and Casualty Insurance Cross Reference Study Guide This cross reference provides you with the exam outline for your state insurance exam and a reference code where the specific topics can be located in the Kaplan study material. The reference code numbers in the right hand column refer to the unit number and the applicable topic, subtopic, and sub-subtopics within that unit.
GEORGIA EXAM CONTENT OUTLINES Effective June 10, 2013 GEORGIA PROPERTY AND CASUALTY AGENT CONTENT OUTLINE 80 scoreable questions plus 20 pretest questions; 120 minute time limit; 70% passing score I. PROPERTY: TYPES OF POLICIES... 18 A. Personal lines 1. Dwelling and contents (DP forms) 7.0 2. Personal liability 7.6.2 3. Homeowners (HO forms) 8.0 4. Mobile homes 10.5 B. Commercial lines 1. Commercial property a. Commercial building and personal property form 13.3 b. Causes of loss forms 13.8 c. Business income 13.6 d. Extra expense 13.7 2. Commercial package policy (CPP) 11.0 3. Equipment breakdown coverage 19.4 4. Businessowners policy (BOP) 12.0 C. Inland marine 1. Personal floaters 10.6 2. Commercial floaters 14.3 14.7 3. Nationwide definition 14.3.1 D. Others 1. Flood 10.3 2. Earthquake 10.4 II. PROPERTY: INSURANCE TERMS AND RELATED CONCEPTS... 10 A. Insurance 1.5 B. Insurable interest 1.7.2 C. Risk 1.3 D. Hazard 1.8.2 E. Peril 1.8.1 F. Loss 1. Direct 5.5.3 2. Indirect 5.5.3 G. Proximate cause 6.3.2.2 H. Deductible 5.7.6 I. Indemnity 2.3.1 J. Actual cash value 5.7.2.1 K. Replacement cost 5.7.2.3 L. Limits of liability 5.4.4 M. Coinsurance/Insurance to value 5.7.3 N. Accident 6.7.4.5 O. Occurrence 6.7.4.5 P. Cancellation 4.10 Q. Nonrenewal 4.10 R. Vacancy and unoccupancy 5.7.16 S. Liability 6.2 T. Negligence 6.3 III. PROPERTY: POLICY PROVISIONS AND CONTRACT LAW... 7 A. Declarations 2.4 B. Insuring agreement 2.4 C. Conditions 2.4 D. Exclusions 2.4 E. Definition of the insured 5.4.1 F. Duties of the insured 5.7.1 1
G. Obligations of the insurance company 5.7.2, 5.7.4 H. Mortgagee rights 5.7.14 I. Proof of loss 5.7.1 J. Notice of claim 5.7.1 K. Appraisal 5.7.9 L. Other insurance provision 5.7.10 M. Assignment 5.7.12 N. Subrogation 5.7.8 O. Elements of a contract 2.2 P. Warranties, representations, and concealment 4.7, 4.8 Q. Binders 4.3 R. Sources of insurability information 4.4 S. Fair Credit Reporting Act 4.4.1 IV. CASUALTY: TYPES OF POLICIES, BONDS, AND RELATED.. 16 A. Commercial general liability 1. Basic hazards a. Premises and operations 15.2.1 b. Products and completed operations 15.2.2 c. Independent contractors 15.2.3 d. Insured contracts 15.6.2 2. Commercial general liability coverage forms a. Coverage A: Bodily Injury and Property Damage Liability 15.6 (1) Occurrence 15.4.1 (2) Claims made 15.4.2 (a) Extended reporting periods: basic and supplemental 15.4.2.2 (b) Retroactive date 15.4.2.1 b. Coverage B: Personal Injury and Advertising Injury 15.7 c. Coverage C: Medical Payments 15.9 d. Supplementary payments 15.8 e. Who is an insured 15.10 f. Limits 15.11 g. Conditions (including ISO common policy provisions) 11.5, 15.12 h. Definitions 15.5 B. Automotive: personal auto and business auto 1. Liability 9.5, 16.3.4 2. Medical payments 9.6, 16.3.1 3. Physical damage (collision and other than collision/comprehensive) 9.8, 16.3.5 4. Uninsured motorists 9.7, 16.3.1 5. Underinsured motorists 9.10, 16.7.4 6. Who is an insured 9.3, 16.3.4.1 7. Types of auto a. Owned 9.8.1, 16.3.3 b. Non-owned 9.8.1, 16.3.3 c. Hired 16.3.3 d. Temporary substitute 9.8.1, 16.3.3 8. Garage coverage form, including garagekeepers insurance 16.4 9. Garagekeepers insurance 16.4.4 C. Workers compensation insurance, employers liability insurance, and related issues 1. Standard policy concepts 18.4 2. Work-related vs. non-work-related 18.2.3 3. Other states insurance 18.4.1 D. Crime 1. Employee theft 17.4.1 2. Inside the premises-theft of money and securities 17.4.3 3. Inside the premises-robbery or safe burglary of property 17.4.4 4. Inside the premises-robbery or burglary of other property 17.4.5 E. Surety bonding 1. Definitions 17.8.1, 19.10 a. Obligee b. Principal c. Surety F. Professional liability 1. Errors and omissions 19.6 G. Umbrella/excess liability 10.8, 19.9 2
V. CASUALTY: INSURANCE TERMS AND RELATED CONCEPTS 10 A. Risk 1.3 B. Hazard 1.8.2 C. Indemnity 2.3.1 D. Insurable interest 1.7.2 E. Actual cash value 5.7.2.1 F. Negligence 6.3 G. Liability 6.2 H. Accident 6.7.4.5 I. Occurrence 6.7.4.5 J. Burglary 17.3.1 K. Robbery 17.3.1 L. Theft 17.3.1 M. Mysterious disappearance 8.3.5.4 N. Binders 4.3 O. Warranties 4.8 P. Representations 4.8 Q. Concealment 4.7 R. Bodily injury liability 6.7.4.1 S. Property damage liability 6.7.4.1 T. Personal injury liability 6.7.4.1 U. Limits of liability 6.7.4.5 V. Deductibles 5.7.6 W. Insured contract 15.6.2 X. Deposit premium/audit 5.7.17 Y. Certificate of insurance 4.6 VI. CASUALTY: POLICY PROVISIONS.. 9 A. Declarations 2.4 B. Insuring agreement 2.4 C. Conditions 2.4 D. Exclusions and limitations 2.4 E. Definition of the insured 5.4.1 F. Duties of the insured after a loss 6.7.6.1 G. Cancellation and nonrenewal provisions 4.10 H. Additional (supplementary) payments 6.7.4.4 I. Proof of loss 5.7.1 J. Notice of claim 5.7.1 K. Arbitration 5.7.9 L. Other insurance 6.7.6.2 M. Subrogation 5.7.8 N. Compliance with provisions of Fair Credit Reporting Act 4.4.1 O. Claims made policy form 15.4.2 P. Salvage 5.4.1 Q. Loss settlement provisions including consent to settle a loss 6.7.6.1, 19.6.1 VII. GEORGIA LAWS, RULES, AND REGULATIONS 10 A. Laws, rules, and regulations pertinent to property and casualty insurance Law Supplement 1. Insurance department and commissioner a. Broad powers and duties (33-2-1 through 33) b. Examination of records (33-2-10 through 13) c. Investigations/notice of hearing (33-6-6) d. Penalties (33-6-9) 2. General insurance definitions a. Domestic, foreign, and alien (33-3-1) b. Stock and mutual (33-14-2) c. Authorized/unauthorized and certificate of authority (33-3-1 through 30) d. Insurance transaction/transacting business (33-1-2(6)) 3. Licensing of agents, counselors, subagents, and adjusters (33-23-1 through 46) a. Agent responsibility b. Reciprocity agreements c. License maintenance 3
d. License revocation or suspension e. Temporary license f. Nonresident license g. Counselor license 4. Unfair trade practices and frauds (33-6-4 and 5) a. Rebating b. Defamation c. Unfair discrimination d. Misrepresentation e. Controlled business f. Twisting and churning g. Advertising law h. Coercion i. Commingling j. Fiduciary responsibility k. Sharing commissions l. Additional fees 5. Miscellaneous Georgia insurance laws (33-24-33) 6. Residual markets a. FAIR plan (33-33-1 through 11) b. Georgia Automobile Insurance Plan (120-2-14-.01 through.24, 32-29, 40-9-100) c. Workers compensation law (120-2-37-.01 through.09, 34-9-133) 7. Regulation of rates (33-9) B. Laws, rules, and regulations pertinent to property insurance only Law Supplement 1. Cancellation and nonrenewal of policies (120-2-53-.01 through.06, 33-24-44 through 47) 2. Miscellaneous Georgia insurance laws C. Laws, rules, and regulations pertinent to casualty insurance only Law Supplement 1. Cancellation and nonrenewal of policies (120-2-53-.01 through.06, 33-24-44 through 47 2. Miscellaneous Georgia insurance laws (33-34-4) 3. Uninsured/underinsured motorists (33-7-11) 4. Financial responsibility law (40-9-1 through 40-9-82, 33-7-11) 4