Skip to Content
Property and Casualty Insurance License Exam Cram™
book

Property and Casualty Insurance License Exam Cram™

by BISYS Educational Services
November 2004
Intermediate to advanced
544 pages
12h 2m
English
Pearson IT Certification
Content preview from Property and Casualty Insurance License Exam Cram™

Chapter 5. Introduction to Property Insurance

Terms you'll need to understand:

  • Named insured

  • First named insured

  • Additional insured

  • Policy period

  • Direct loss

  • Indirect loss

  • Actual cash value

  • Replacement cost

  • Functional replacement cost

  • Market value

  • Deductible

  • Policy period

  • Policy territory

Concepts you'll need to master:

  • Declarations

  • Specific insurance

  • Blanket insurance

  • Limit of liability (or insurance)

  • Valued policy

  • Agreed amount contract

  • Named peril policy

  • Open peril policy

  • Valuation of losses

  • Coinsurance

  • Subrogation

  • Primary insurance

  • Excess insurance

  • Pro rata liability

  • Concurrency

  • Nonconcurrent policies

  • Liberalization

  • Vacancy

  • Unoccupancy

  • Reporting forms

In this chapter we'll review some of the basic features of property insurance, including some of the concepts that apply to ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk

Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk

Pavel V. Shevchenko, Gareth W. Peters, Marcelo G. Cruz
The Human Factor in AI-Based Decision-Making

The Human Factor in AI-Based Decision-Making

Philip Meissner, Christoph Keding
Actuarial Finance

Actuarial Finance

Mathieu Boudreault, Jean-François Renaud
Step into the Metaverse

Step into the Metaverse

Mark van Rijmenam

Publisher Resources

ISBN: 0789732645Purchase book