"How to Insure" Booklets included at no extra charge

You are invited to enjoy the most extensive, comprehensive study guide I have ever created.
There are seven topics as outlined by SC Personal Lines Insurance Producer Series 19-17. They are:

• 1.0 Insurance Regulation
• 2.0 General Insurance
• 3.0 Property and Casualty Insurance Basics
• 4.0 Dwelling Policy
• 5.0 Homeowners Policy
• 6.0 Auto Insurance
• 7.0 Other Coverages and Options

Each of the seven topics include:

• PDF Booklet with Hyperlinks
• Video with Voice Over explaining each topic
• Quizlet Quizzes created exclusively for this prelicensing course
• Multiple Choice and True / False Questions.

The entire course has 107 Sample Exam questions. You must answer at least 75% correctly in order to receive a Certificate of Achievement.

You will need to sign up for a free Quizlet account (if you don't already have one) in order to enjoy the many quizzes I have prepared for each of the 7 topics outlined in this course. This short video shows you how to sign up for the free Quizlet account.

Quizlet provides powerful online tools to help you study more efficiently and effectively. With the following activities, you can review at your own pace and in whatever way works best for you.

• Learn
• Flashcards
• Write
• Spell
• Test
• Match
• Gravity

Only 3 Steps to Getting a Personal Lines Insurance Producer Series 19-17 License

1. Complete a South Carolina Personal Lines Insurance Producer Series 19-17 Prelicensing Course
If you would like to sell insurance as a South Carolina Personal Lines Insurance Producer Series 19-17, you must pass a licensing exam.

To prepare for the licensing exam, you should take an insurance course.

The South Carolina Personal Lines Insurance Producer Series 19-17 prelicensing course provided by FYI Express is available online and teaches in many different formats: PDF Booklet, Online Quizzes, Audio and Video.
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All courses are cross-referenced with the exam content outline.

2. Complete Fingerprinting/Criminal History Background Check
All resident license applicants are required to get fingerprinted for a criminal history background check.  For steps and complete information go to http://www.doi.sc.gov/879/Fingerprinting.
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3. Pass a Licensing Exam
When you feel ready, make an online reservation to take the State Exam
An exam fee must be paid at the time of reservation by credit card, debit card, voucher or electronic check. You can make a reservation online at www.psiexams.com

Here are the topics covered in this online course:

1.0 Insurance Regulation 15%
1.1 Licensing

• Process (38-43-100)
• Types of licensees
• Producer (38-43-10, 30)
• Nonresident (38-43-70)
• Broker (38-45-10, 38-45-20)
• Maintenance and duration (38-43-110)
• Reinstatement (38-43-110(B))
• Reporting of actions (38-43-247)
• Change of address (38-43-107)
• Assumed names (38-43-10(C))
• Continuing education (38-43-106; 69-50)
• Disciplinary actions
• Cease and desist order (38-59-20, 38-59-270)
• Hearings (38-3-170; 38-57-200)
• Penalties (38-2-10–30, 38-43-130)

1.2 State regulation

• Director's general duties and powers (38-3-60, 110)
• Company regulation
• Certificate of authority (38-5-80)
• Solvency (38-5-120)
• Unfair claims settlement practices (38-59-20)
• Examination of books and records (38-13-10–30)
• Appointment (38-43-40, 50)
• Termination of appointment (38-43-55)
• Producer regulation
• Commissions (38-43-200, 38-75-1000)
• Records maintenance (38-43-250)
• Misappropriation of funds (38-43-130, 240, 420)
• Blank forms (38-43-260)
• Sharing commissions (38-43-200)
• Representing an unauthorized insurer (38-43-160–180)

• Unfair and prohibited practices (38-43-130)
• Misrepresentation (38-57-40)
• False advertising (38-57-50)
• Defamation (38-57-90)
• Boycott, coercion and intimidation (38-57-100)
• False financial statements (38-57-80)
• Unfair discrimination (38-55-50)
• Rebating (38-57-130)
• Twisting (38-57-60)
• Free insurance (38-57-170)
• Prohibited inducements (38-57-130, 150)
• Insurance fraud act (38-55-510–590)
• Consumer information privacy regulation (Reg 69-58 Sec 1–16)

1.3 Federal regulation

• Fair Credit Reporting Act (15 USC 1681–1681d)
• Fraud and false statements (18 USC 1033, 1034)

​2.0 General Insurance 5%
2.1 Concepts

• Risk management key terms
• Risk
• Exposure
• Hazard
• Peril
• Loss
• Methods of handling risk
• Avoidance
• Retention

• Sharing
• Reduction
• Transfer
• Elements of insurable risks
• Adverse selection
• Law of large numbers
• Reinsurance

2.2 Insurers

• Types of insurers
• Stock companies
• Mutual companies
• Fraternal benefit societies
• Lloyd's associations
• Risk retention groups
• Definition and purpose of captive companies
• Self-insured funds
• Private versus government insurers
• Authorized versus unauthorized insurers
• Domestic, foreign and alien insurers
• Financial status (independent rating services)
• Marketing (distribution) systems

2.3 Producers and general rules of agency

• Insurer as principal
• Producer/insurer relationship
• Authority and powers of producers
• Express
• Implied
• Apparent
• Responsibilities to the applicant/insured

2.4 Contracts

• Elements of a legal contract
• Offer and acceptance
• Consideration
• Competent parties
• Legal purpose
• Distinct characteristics of an insurance contract
• Contract of adhesion
• Aleatory contract

• Unilateral contract
• Conditional contract
• Legal interpretations affecting contracts
• Ambiguities in a contract of adhesion
• Reasonable expectations
• Indemnity
• Utmost good faith
• Representations/misrepresentations
• Warranties
• Concealment
• Fraud
• Waiver and estoppel

​3.0 Property and Casualty Insurance Basics 15%
3.1 Principles and concepts

• Insurable interest
• Underwriting
• Function
• Loss ratio
• Rates
• Types
• Loss costs
• Components
• Hazards
• Physical
• Moral
• Morale
• Legal
• Negligence
• Elements of a negligent act
• Defenses against negligence
• Damages
• Compensatory — special versus general
• Punitive

• Absolute liability
• Strict liability
• Vicarious liability
• Causes of loss (perils)
• Named perils versus special (open) perils
• Direct loss
• Consequential or indirect loss
• Blanket versus specific insurance
• Basic types of construction
• Loss valuation
• Actual cash value
• Replacement cost
• Functional replacement cost
• Market value
• Agreed value
• Stated amount

3.2 Policy structure

• Declarations
• Definitions
• Insuring agreement or clause
• Additional/supplementary coverage
• Conditions
• Exclusions
• Endorsements

3.3 Common policy provisions

• Insureds — named, first named, additional
• Policy period
• Policy territory
• Cancellation and nonrenewal
• Deductibles
• Other insurance
• Nonconcurrency
• Primary and excess
• Pro rata
• Limits of liability
• Per occurrence (accident)
• Per person

• Split
• Combined single
• Policy limits
• Restoration/nonreduction of limits
• Coinsurance
• Vacancy or unoccupancy
• Named insured provisions
• Duties after loss
• Assignment
• Abandonment
• Insurer provisions
• Liberalization
• Subrogation
• Salvage
• Claim settlement options
• Duty to defend
• Third-party provisions
• Standard mortgage clause
• Loss payable clause
• No benefit to the bailee

3.4 South Carolina laws, regulations and required provisions

• South Carolina Valued Policy Law (38-75-20, 30)
• South Carolina Property and Casualty Insurance
• Guaranty Association (38-31-10–170)
• Cancellation, nonrenewal and renewal (38-75-730, 740, 750)

​4.0 Dwelling ('02) Policy 10%
4.1 Characteristics and purpose
4.2 Coverage forms — Perils insured against

• Basic
• Broad
• Special

4.3 Property coverages

• Coverage A — Dwelling
• Coverage B — Other structures
• Coverage C — Personal property
• Coverage D — Fair rental value
• Coverage E — Additional living expense
• Other coverages

4.4 General exclusions
4.5 Conditions
4.6 Selected endorsements

• Special provisions — South Carolina (DP 01 39)
• Automatic increase in insurance (DP 04 11)
• Broad theft coverage (DP 04 72)
• Dwelling under construction (DP 11 43)

4.7 Personal liability supplement

​5.0 Homeowners ('11) Policy 20%
5.1 Coverage forms

• HO-2 through HO-6, HO-8, Mobile Homeowner

5.2 Definitions
5.3 Section I — Property coverages

• Coverage A — Dwelling
• Coverage B — Other structures
• Coverage C — Personal property
• Coverage D — Loss of use
• Additional coverages

5.4 Section II — Liability coverages

• Coverage E — Personal liability
• Coverage F — Medical payments to others
• Additional coverages

5.5 Perils insured against
5.6 Exclusions
5.7 Conditions
5.8 Selected endorsements

• Special provisions — South Carolina (HO 01 39)
• Limited fungi, wet or dry rot, or bacteria coverage (HO 04 26, HO 04 27)
• Permitted incidental occupancies (HO 04 42)
• Home day care (HO 04 97)
• Earthquake (HO 04 54)
• Scheduled personal property (HO 04 61)
• Personal property replacement cost (HO 04 90)
• Business pursuits (HO 24 71)
• Watercraft (HO 24 75)
• Personal injury (HO 24 82)
• Water back-up (HO 04 95)

​6.0 Auto Insurance 25%
6.1 Laws

• South Carolina Motor Vehicle Financial
• Responsibility Act (RL Title 56, Chapter 9)

• Required limits of liability (38-77-140)
• Uninsured/underinsured motorist (38-77- 140, 150–170, 180–230, 260)
• Definitions
• Bodily injury
• Property damage
• Required limits
• Cancellation/nonrenewal (38-77-120–124, 390; RL 56-10-280)
• Reasons
• Notice

6.2 Personal ('05) auto policy

• Definitions
• Liability coverage
• Bodily injury and property damage
• Supplementary payments

• Exclusions 
• Medical payments coverage
• Uninsured/underinsured motorists coverage
• Coverage for damage to your auto
• Collision
• Other than collision
• Deductibles (38-77-280)
• Transportation expenses

• Exclusions
• Duties after an accident or loss
• General provisions
• Selected endorsements
• Amendment of policy provisions — South
• Carolina (PP 01 78)
• Towing and labor costs (PP 03 03)
• Extended non-owned coverage (PP 03 06)
• Miscellaneous type vehicle (PP 03 23)
• Underinsured motorist (PP 03 11)

​7.0 Other Coverages and Options 10%
7.1 Umbrella/excess liability policies

• Personal (DL 98 01)

7.2 Specialty liability insurance

• Identity Fraud Expense Coverage (BP 14 01, HO 04 55)

7.3 Surplus Lines

• Definitions and markets
• Licensing requirements

7.4 National Flood Insurance Program

• Write your own versus government
• Eligibility
• Coverage
• Limits
• Deductibles

7.5 South Carolina Wind and Hail Underwriting

• Association (SCWHUA) (38-75-310–460)
• Eligibility

• Coverage
• Limits
• Deductibles

7.6 Other policies

• Boatowners
• Personal Inland Marine

South Carolina Personal Lines Course

South Carolina Personal Lines Course