28. Compliance with provisions of Fair Credit
Reporting Act
C. Types of policies and related terms
1. Automobile Insurance – personal & family auto
a. Bodily injury
b. Property damage
c. Limits
(1) Split
(2) Single
d. Medical payments
e. Supplementary payments
f. Physical damage
(1) Collision
(2) Comprehensive
g. Uninsured motorist
h Underinsured motorist
i. Named insureds
j. Insureds
k. Owned automobile
L. Nonowned automobile
m. Temporary substitute auto
n. Hired auto
o. Cancellation and nonrenewal
p. Towing and labor
q. Personal auto policy
r. Family auto policy
2. Personal Watercraft
3. Standard fire
4. Personal lines
a. Dwelling (DP forms)
b. Homeowners (HO) forms
c. Mobile homes
5. Homeowners policy
6. Farm and ranch insurance
7. Flood insurance
8. Inland marine - Personal floaters
9. Earthquake insurance
10. Personal Umbrella/excess liability
V. Wisconsin Property and Casualty Insurance Law — 2 Hours
A. General rate standards
B. Prohibited classification of risks
C. Surplus lines
1. Definition
2. Prohibitions and restrictions
3. Responsibilities of agents and brokers
D. Oral contracts
E. Automobile liability
1. Financial responsibility
a. Definition
b. Persons required to show proof
2. Required coverages and prohibited exclusions
a. Uninsured motorist
3. Cancellation or nonrenewal
4. Responsibility for minors operating motor vehicles
5. Wisconsin Automobile Insurance Plan
F. Definition of loss
G. Wisconsin Insurance Plan
H. Valued policy law
I. Vacancy rule
J. Time period for filing claim
