Georgia Property & Casualty Course Notes

Property questions are solved by classifying the property first, then the cause of loss, then the coverage form, exclusion/condition, valuation, limit, and deductible. The current Georgia agent outline expressly tests homeowners forms, dwelling policies, CPP/commercial property, BOP, inland marine, NFIP, and other property forms. Do not memorize the old draft's false shortcuts: detached structures are not automatically uninsured, NFIP does not 'exclude flood,' inland marine is not defined as business-income coverage, and a BOP is not an all-exposure package.

• Saying every detached structure needs an endorsement.

• Use the sequence PROPERTY → CAUSE → FORM → EXCLUSION/CONDITION → VALUE → LIMIT → DEDUCTIBLE.

The concepts section supplies the vocabulary and math used throughout the exam. The biggest repair is coinsurance: it is an insurance-to-value condition, not a way to divide a loss among multiple policies. Keep cause-of-loss concepts, valuation, retained loss, insurer limits, and post-loss duties separate.

• Confusing peril with hazard or moral with morale hazard.

• Write formulas before calculating.

Casualty questions are primarily about who is legally responsible, what kind of injury/damage occurred, and which liability or specialty form responds. Separate first-party physical damage from third-party liability. For Georgia auto, know 25/50/25. For workers comp, know the three-or-more regular-worker threshold and that covered employees are protected from the first day on the job.

• Treating CGL as first-party property or business-income insurance.

• Identify claimant first: insured's own loss or third-party claim?

This section ties policy language to the insurance process. Know how a contract forms, how underwriting differs from claims, what temporary insurance does, and how risk management and negligence work. Georgia binders are especially testable: for covered P&C lines they may generally be oral or written and ordinarily last no longer than policy issuance or 90 days, whichever is shorter.

• Confusing consideration with aleatory/adhesion.

• Memorize Georgia binder: oral/written + 90 days max in ordinary case.

Georgia law is where old numbers create exam misses. Use current 2026 rules: OCI currently requires a 16-hour combined P&C prelicense course; Rule 120-2-3 uses a 70% passing grade and a 15-day insurer appointment/certificate filing clock; resident CE is generally 24 hours including 3 ethics, with a 20-hour rule for licensees with more than 20 years of service beginning in 2026. Residential property nonrenewal subject to the 2026 amendment generally requires 60 days' notice, while a material coverage reduction requires 30 days' prior written notice. Rule 120-2-53 review is generally requested within 15 days after receipt of the qualifying notice.

• Using an old 30-day homeowners nonrenewal figure for a policy subject to the 2026 60-day law.

• Build a one-page Georgia numbers sheet and review it last.