Arizona Property & Casualty Course Notes

Arizona exam-day focus: know what DIFI can regulate and investigate; when a producer license is required; the four-year renewal cycle; 48 approved CE hours with at least 6 ethics hours; the once-per-course-per-license-period rule; birth-month expiration; late renewal; major discipline grounds; and the unfair-sales/claim-practice statutes. Do not give DIFI court powers, do not treat an insurer appointment as a substitute for a valid license, and do not turn the CE repeat-course rule into a one-credit-hour rule.

• DIFI authority: DIFI oversight vs. private litigation: regulatory enforcement is not the same as deciding a civil damages award.

• If an answer gives DIFI sweeping judicial powers, be skeptical.

Property exam-day focus: identify the policy/form first, then the covered property, peril, exclusion, valuation method, deductible/coinsurance, and limit. Memorize DP-1/DP-2/DP-3; homeowners A-B-C-D / E-F; commercial Building/BPP/Property of Others; Basic/Broad/Special Causes of Loss; Business Income vs Extra Expense; BOP vs separate auto/WC/E&O; inland marine vs Equipment Breakdown; flood/earthquake exclusions; ACV/RC/Agreed/Functional valuation; appraisal and duties after loss.

• dwelling policy forms and covered perils: DP forms vs. HO forms: HO-3 is a homeowners form, not a dwelling-policy form.

• Identify the form first, the damaged property second, and the peril third.

Casualty exam-day focus: classify the liability exposure before choosing coverage. Know CGL A/B/C, ongoing vs completed operations, negligence elements, Arizona comparative fault, occurrence vs claims-made timing, PAP and Business Auto coverage, workers compensation/employers liability, umbrella/excess, crime/surety, professional liability, and claim conditions such as other insurance and subrogation.

• products-completed operations and premises/operations: Ongoing work vs. completed work: the same contractor can have different hazard classifications at different times.

• Ask 'Was the work still underway?' before choosing the hazard.

Arizona-specific exam-day focus: memorize 25/50/15 auto minimum liability limits; know the written UM/UIM offer rules and anti-stacking mechanics; understand Arizona workers compensation's general one-employee requirement and exclusive-remedy rules; distinguish cancellation from nonrenewal; remember that a mere property-coverage inquiry is not a claim; require specific factual reasons in covered notices; and recognize the §20-461 claim-handling and residual-market rules.

• Arizona automobile liability and financial responsibility: 25/50/15 is liability—not UM/UIM automatically purchased limits.

• Memorize 25 / 50 / 15 in that order.