MCCCD Program Description

Review for the Property and Casualty Insurance Agent Licensing Exam

Course: INS140

First Term: 2019 Spring

Lecture 1.0 Credit(s) 1.0 Period(s) 1.0 Load
Subject Type: Occupational
Load Formula: S- Standard

Description: Preparation for the Property and Casualty Insurance Producer licensing exam required by the State of Arizona Department of Insurance for licensure as a Property/Casualty Insurance Agent. Covers the basic principles and legal parameters of property and casualty insurance including homeowners, auto, and business policies. Designed for students with no prior experience in the insurance field as well as those seeking to expand their licensing authority with the State of Arizona.

MCCCD Official Course Competencies
1. Summarize the insurance producer licensing requirements of the State of Arizona. (I) 2. Explain general insurance fundamentals including the components of contracts and rules governing producers and agencies. (II) 3. Identify the basic elements of property and casualty insurance policies. (III) 4. Describe the basics of a dwelling policy including its purpose, coverages and exclusions. (IV) 5. Describe the basics of a homeowner`s policy including property and liability coverages, conditions and exclusions. (V) 6. Describe the basics and legal requirements of personal and commercial auto policies. (VI) 7. Describe the components of a commercial package policy including liability, property, crime and equipment. (VII) 8. Describe the components of the business owner`s policy including property and liability coverages. (VIII) 9. Describe an employer`s liability regarding injury in the workplace and legal requirements regarding workers compensation insurance. (IX) 10. Identify other coverages and options available to policyholders. (X) 11. Apply basic principles of property and liability insurance to practice exams and self-evaluate readiness for official licensure exam. (XI) 12. Employ various review and test taking strategies to optimize performance in timed exam. (XI)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Insurance industry regulations A. Licensing B. State C. Federal II. General Insurance A. Concepts B. Insurer types C. Producer and agency rules D. Elements of contracts III. Property and casualty basics A. Principles and concepts B. Policy structure C. Common policy provisions D. Required provisions IV. Dwelling policy A. Characteristics and purpose B. Coverage forms C. Property coverages D. General exclusions E. Conditions F. Selected endorsements G. Personal liability supplement V. Homeowners policy A. Coverage forms B. Definitions C. Section I-Property coverage D. Section II-Liability coverage E. Perils insured against F. Exclusions G. Conditions H. Selected endorsements VI. Auto Insurance A. Laws B. Personal auto policy C. Commercial auto policy VII. Commercial package policy A. Components of a commercial policy B. General liability C. Property D. Crime E. Inland marine F. Equipment breakdown G. Farm coverage VIII. Businessowners policy A. Characteristics and purpose B. Section I-Property C. Section II-Liability D. Section III-Common policy conditions E. Selected endorsements IX. Workers compensation insurance A. Workers compensation laws B. Workers compensation and employers liability insurance policy C. Premium computation D. Other sources of coverage X. Other coverages and options A. Umbrella/excess liability policies B. Specialty insurance C. Surplus lines D. Surety bonds E. Aviation insurance F. National Flood Insurance Program XI. Practice exams

MCCCD Governing Board Approval Date: February 26, 2019

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.