20 Hour LIMITED SUBAGENT STUDY MANUAL CONTENT
I. TYPES OF PROPERTY POLICIES A. Homeowners 1. HO-2 2. HO-3 3. HO-4 4. HO-5 5. HO-6 6. HO-8 B. Dwelling Policies 1. DP-1 2. DP-2 3. DP-3 C. Inland marine 1. Personal Articles floaters D. National Flood Insurance Program E. Others 1. Earthquake 2. Mobile Homes 3. Watercraft 4. Windstorm II. TYPES OF CASUALTY POLICIES A. Personal Automobile 1. Liability a. Bodily Injury b. Property Damage c. Split Limits d. Combined Single Limit 2. Medical Payments 3. Physical damage (collision; other than collision; specified perils) 4. Uninsured motorists 5. Underinsured motorists 6. Who is an insured 7. Types of Auto a. Owned b. Non-owned c. Hired d. Temporary Substitute e. Newly Acquired Autos f. Transportation Expense and Rental Reimbursement Expense 8. Exclusions B. Umbrella/Excess Liability III. PROPERTY AND CASUALTY INSURANCE TERMS AND RELATED CONCEPTS A. Insurance 1. Law of Large Numbers B. Insurable interest C. Risk 1. Pure vs. Speculative Risk D. Hazard E. Peril F. Loss 1. Direct 2. Indirect G. Loss Valuation 1. Actual cash value 2. Replacement cost 3. Market value 4. Stated value 5. Salvage value H. Proximate cause I. Deductible J. Indemnity K. Limits of liability L. Coinsurance/Insurance to value M. Occurrence N. Cancellation O. Nonrenewal P. Vacancy and unoccupancy Q. Liability 1. Absolute 2. Strict 3. Vicarious R. Negligence S. Binders T. Endorsements U. Blanket vs. Specific V. Burglary, Robbery, Theft, and Mysterious Disappearance W. Warranties X. Representations Y. Concealment Z. Deposit/Premium Audit AA. Certificate of insurance BB. Damages 1. Compensatory a. General b. Special 2. Punitive CC. Compliance with Provisions of Fair Credit Reporting Act IV. PROPERTY AND CASUALTY POLICY PROVISIONS AND CONTRACT LAW A. Declarations B. Insuring agreement C. Conditions D. Exclusions E. Definition of the insured F. Duties of the insured after a loss G. Obligations of the insurance company H. Mortgagee rights I. Proof of loss J. Notice of claim K. Appraisal L. Other Insurance Provision M. Subrogation N. Elements of a contract O. Sources of underwriting information P. Fair Credit Reporting Act Q. Privacy Protection (Gramm Leach Bliley) R. Policy Application S. Terrorism Risk Insurance Act (TRIA) T. Cancellation and Nonrenewal provisions U. Supplementary payments V. Arbitration W. Loss settlement provisions including consent to settle a loss V. STATE LAWS, RULES, AND REGULATIONS A. Georgia laws, rules, and regulations pertinent to property and casualty insurance 1. Insurance department and commissioner a. Broad powers and duties Ref: 33-2-1 through 33 b. Examination of records Ref: 33-2-10 through 13 c. Investigations/Notice of hearing Ref: 33-6-6 d. Penalties Ref: 33-6-9 2. General insurance definitions a. Domestic, foreign and alien Ref 33-3-1 b. Stock and mutual Ref: 33-14-2 c. Authorized/unauthorized and certificate of authority Ref: 33-3-1 through 30 d. Insurance transaction / transacting business Ref: 33-1-2 (6) 3. Licensing of agents, counselors, subagents, and adjusters Ref: 33-23-1 through 46 a. Agent Responsibility b. Reciprocity agreements c. License maintenance d. License revocation or suspension e. Temporary License f. Nonresident License g. Counselor License 4. Unfair trade practices and frauds Ref: 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 m. Unfair Claims Practices 5. Miscellaneous Georgia insurance laws Ref: 33-24-33 6. Residual Markets a. FAIR plan Ref: 33-33-1 through 11 b. Georgia Automobile Insurance Plan Ref: 120-2-14-.01 through .24, 32-29, 40-9-100 B. Georgia laws, rules, and regulations pertinent to property insurance only 1. Cancellation and nonrenewal of policies Ref: 120-2-53-.01 through .06, 33-24-44 through 47 2. Miscellaneous Georgia insurance laws Ref: 33-34-4 C. Georgia laws, rules, and regulations pertinent to casualty insurance only 1. Cancellation and nonrenewal of policies Ref: 120-2-53-.01 through .06, 33-24-44 through 47 2. Miscellaneous Georgia insurance laws Ref: 33-34-4 
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Click Lessons below for what you need to know
How to pass the Final Exam on the first try
Online Practice Quizzes w/ Answers
These quizzes review basic principles that provide a foundation for the insurance industry. They range from the concept of risk, to the idea that individuals and businesses can minimize losses by transferring and sharing risks, to the application of the law of large numbers. Various principles also determine why some risks of loss are insurable whereas others are not. Property & Casualty Quiz for Beginners Property & Casualty Basics Quiz Personal Auto Basics Quiz Homeowner & Dwelling Basics Quiz Stand Alone Policy Quiz Practice Video Quizzes
Insurance Needs of Young Singles http://www.insureuonline.org/quiz_youngsingles.htm Insurance Needs of Under 30 http://www.insureuonline.org/quiz_under30.htm Insurance Needs of Young Families http://www.insureuonline.org/quiz_youngfamilies.htm Insurance Needs of Established Families http://www.insureuonline.org/quiz_establishedfamily.htm Insurance Needs of Domestic Partners http://www.insureuonline.org/quiz_domesticpartners.htm Insurance Needs of Seniors http://www.insureuonline.org/quiz_seniors.htm Insurance Needs of Single Parents http://www.insureuonline.org/quiz_singleparents.htm Insurance Needs of Grandparents raising Grandchildren http://www.insureuonline.org/quiz_raisinggrandchildren.htm Bicycle Insurance Quiz https://www.youtube.com/watch?v=mTFhWezZ8MA Water Damage: Test Your Water IQ https://www.youtube.com/watch?v=41FFSi9Y4r4 Homeowners Insurance Quiz https://www.youtube.com/watch?v=vYcAVn8YlLE Auto Insurance Quiz https://www.youtube.com/watch?v=9CpoK0IqH18 Enjoy these Video Tutorials
Informed Citizen: Auto Insurance
https://www.youtube.com/watch?v=4aX_DGKKD5U Insurance 101 - Personal Auto Coverages https://www.youtube.com/watch?v=CBmtFPMUcr0 Auto Coverage: You're in the Driver's Seat https://www.youtube.com/watch?v=g-Kv4a08aJE Insurance 101 - Personal Auto Limits https://www.youtube.com/watch?v=KJnN0yKlRYk Insurance 101 - UM/UIM Coverages (Personal Auto) https://www.youtube.com/watch?v=i7OPhDvtKVY Informed Citizen: Rental Car Insurance https://www.youtube.com/watch?v=LJ-QKJ0Bq9A Rental Car Insurance https://www.youtube.com/watch?v=i1ei7wQqibA Informed Citizen: What to do in case of an auto accident! https://www.youtube.com/watch?v=s1yPQ-9VEyQ Five Reasons Homeowners Rates Are Rising
https://www.youtube.com/watch?v=IwC6GAHCLG8 Insurance 101 - Water Damage Basics https://www.youtube.com/watch?v=CKSHKWcyQ1Y Flood Insurance for your home https://youtu.be/DQlJSZT0k38 Insurance 101 - Tree Damage https://www.youtube.com/watch?v=HJsrgo_ViNI Insurance101 - Deductibles https://www.youtube.com/watch?v=4UNICnINrNQ The Big Game: Being a Responsible Party Host https://www.youtube.com/watch?v=5M46ACqWqPE Insurance 101 - Insuring Your Valuables https://www.youtube.com/watch?v=10tjjq8GAjs Insurance 101 - Boat Insurance Basics https://www.youtube.com/watch?v=Ko70A-SqRzw Insurance 101 - Personal Umbrella Policy https://www.youtube.com/watch?v=FMRfWyorCFE Informed Citizen: Homeowners Insurance
https://www.youtube.com/watch?v=5UCckK__4tk Insurance 101 - Homeowners Coverages https://www.youtube.com/watch?v=bic4qOuIJoI Informed Citizen: Renters Insurance https://www.youtube.com/watch?v=f3VvpbYVS-Y Insurance 101 - Renters Insurance https://www.youtube.com/watch?v=8y23U2VkYDA Six Steps To Follow When Filing A Homeowner’s Claim https://www.youtube.com/watch?v=WdXRe1lGQMk The i's on Insurance: The Claim Game: Homeowners https://www.youtube.com/watch?v=ofio3G_5CNU Understanding Trees and Insurance https://www.youtube.com/watch?v=tfSSoRtudHs Homeowner’s Underinsurance https://www.youtube.com/watch?v=b9FoQE6seoQ Taking a Home Inventory https://www.youtube.com/watch?v=HxRriszRShk Be Smart and Get Renters Insurance https://www.youtube.com/watch?v=9fyVI8Ys98k Insuring a Home Business https://www.youtube.com/watch?v=ToSh9tc4evI Everything You Need to Know about Getting Your GA Insurance License
Steps to applying for Limited Subagent License
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