Insurance Terms and Related Concepts
ISO, Risk Types, Perils, Hazards, Indemnity, Liability Coverage, and Core Definitions
Policy Provisions
Declarations, Definitions, Insuring Agreements, Conditions, Endorsements, and Claims
Types of Policies, Bonds, and Related Terms
Policy Types, Surety Bonds, CGL, Occurrence vs Claims-Made, and Coverage Concepts
NJ Laws, Rules & Regulations
New Jersey Laws, Rules, and Regulations Common to All Lines
NJ Casualty-Specific Laws
New Jersey Laws, Rules, and Regulations Pertinent to Casualty Only
Study Tools
Flashcards
Interactive flip cards with progress tracking
- Click to flip and reveal answers
- Rate your confidence level
- Progress saved automatically
Practice Quiz
Exam-style multiple choice questions
- 15 questions per quiz (customizable)
- Instant feedback with explanations
- Track your quiz history
AI Practice Scenario Generator
Generate exam-style scenarios - read the situation, think about your answer, then ask AI to check!
Quick Reference
ISO (Insurance Services Office)
Creates standardized P&C insurance policies approved by each state
Insurable Interest
Connection to insurer (blood, money, business) - must exist at time of loss
Indemnity Principle
Cannot recover more than the actual financial loss suffered
Law of Large Numbers
More data = better prediction of losses and exposure