Claims, Settlement, Subrogation and TRIA
Policy provision items finish with claims duties, cancellation and nonrenewal, supplementary payments, proof of loss, notice, other insurance, subrogation, settlement, consent to settle, and terrorism coverage.
How to study Property & Casualty
Treat every P&C item as an exposure map: identify the property or liability risk, policy form, covered cause, provision, and state-law rule.
Core concepts
Concept 1
Claims provisions decide what the insured must do, what the insurer must do, and how settlement is handled.
Exam cue: Read the post-loss duty before deciding coverage outcome.
Concept 2
Subrogation and other insurance provisions prevent duplicate recovery and preserve recovery rights.
Exam cue: For subrogation, ask whether the insurer has paid and can pursue recovery.
Concept 3
TRIA and terrorism exclusions or offers can appear in commercial policy questions.
Exam cue: For terrorism facts, check whether TRIA applies.
Risk pitfalls and guardrails
Settling a liability claim without checking consent-to-settle wording.
Guardrail: Avoid answers that ignore exclusions, claim duties, valuation method, insured status, or state-specific cancellation and claim rules.
Waiving subrogation after a loss without insurer consent.
Guardrail: Avoid answers that ignore exclusions, claim duties, valuation method, insured status, or state-specific cancellation and claim rules.
Confusing supplementary payments with limits of liability.
Guardrail: Avoid answers that ignore exclusions, claim duties, valuation method, insured status, or state-specific cancellation and claim rules.
Memory anchors
Notice of Claim
Notice of claim tells the insurer about a loss or claim.
Proof of Loss
Proof of loss provides sworn claim details when required.
Supplementary Payments
Supplementary payments are additional claim-related payments described by the policy.
Other Insurance Provision
Other insurance provisions coordinate coverage when multiple policies apply.
Subrogation Rights
Subrogation rights let the insurer recover from a responsible party after payment.
Consent to Settle
Consent to settle provisions can require insured consent before settlement.
Loss Settlement
Loss settlement provisions describe how covered losses are valued and paid.
TRIA
TRIA is the federal Terrorism Risk Insurance Act framework for certified terrorism losses.
Cancellation Provision
A cancellation provision describes how coverage can end during the policy term.
Nonrenewal Provision
A nonrenewal provision describes rules for not continuing coverage at expiration.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
A truck strikes the insured building. What is the first purpose of prompt claim notice?
The policy requests a sworn proof of loss. Which submission fits?
Answer all questions to submit.
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
What is Pass Harbor?
Completely free exam prep for 317 U.S. exams.
- Practice questions
- Flashcards
- Study guides
- Mock exams
- No registration
- No paywall
- Start instantly
“No more expensive exam prep. Quality study tools should be accessible to everyone.”