Wisconsin Property and Casualty Insurance Study Materials
Wisconsin Property and
Casualty Insurance Study
Materials
Exam
2025/2026
Expert-Verified Questions and
Answers
(With A+ Grades Guarantee)
www.stuvia.com
, Wisconsin Property and Casualty Insurance Study Materials
Risk Chance or uncertainty of loss
Peril Cause of loss (fire,lightning,wind,death,sickness)
Personal Risk individual (death of head of household, sickness, disability)
Property Risks Property losses result from direct and indirect losses
Direct loss Apartment burns down
Cannot see; financial loss (loss od rental income because building
Indirect loss burnt down
Pure Risk is an insurable risk, only a loss will happen
Speculative Risk Not insurable (chance of loss or profit)
Market risks, fashion trends, competition, Political risks, production
speculative risk examples risks, individual risks, gambling/investing
originally for farmers, members may be assessed, if only selling
property insurance they dont need to be licensed, often insures
Town Mutual Insurance Company farm property but will insure homes too.
owned by the stockholders, dividends received are taxable income
Stock Insurance Company
owned by the policyholders (have to have a policy to receive a
mutual Insurance Company dividend, not taxable income)
Fraternal insurance Company Sell only to their members ex: catholic financial
Government insurers Insurance provided by government, ex: medicaid, badgercare
Private insurers Privately sold insurance
group of like minded businesses banding together to negotiate for
Risk Purchasing group a better rate
provides liability insurance only to its members. ex: fireworks
Risk Retention group providers, zipline companies, medical malpractice
oldest type of insurancein WI Maritime
One of the oldest companies in the world; originally to insure ships
and cargo overseas. Known today for insuring specialty risks other
Lloyd of London companies would not insure due to nature of the risk
rebating
unfair inducement is also known
as
Rebating ex: giving someone 10% of their commission
Not Allowed
If I give you this then you must
buy this
BCI Boycott, Coercion, Intimidation
www.stuvia.com
Wisconsin Property and
Casualty Insurance Study
Materials
Exam
2025/2026
Expert-Verified Questions and
Answers
(With A+ Grades Guarantee)
www.stuvia.com
, Wisconsin Property and Casualty Insurance Study Materials
Risk Chance or uncertainty of loss
Peril Cause of loss (fire,lightning,wind,death,sickness)
Personal Risk individual (death of head of household, sickness, disability)
Property Risks Property losses result from direct and indirect losses
Direct loss Apartment burns down
Cannot see; financial loss (loss od rental income because building
Indirect loss burnt down
Pure Risk is an insurable risk, only a loss will happen
Speculative Risk Not insurable (chance of loss or profit)
Market risks, fashion trends, competition, Political risks, production
speculative risk examples risks, individual risks, gambling/investing
originally for farmers, members may be assessed, if only selling
property insurance they dont need to be licensed, often insures
Town Mutual Insurance Company farm property but will insure homes too.
owned by the stockholders, dividends received are taxable income
Stock Insurance Company
owned by the policyholders (have to have a policy to receive a
mutual Insurance Company dividend, not taxable income)
Fraternal insurance Company Sell only to their members ex: catholic financial
Government insurers Insurance provided by government, ex: medicaid, badgercare
Private insurers Privately sold insurance
group of like minded businesses banding together to negotiate for
Risk Purchasing group a better rate
provides liability insurance only to its members. ex: fireworks
Risk Retention group providers, zipline companies, medical malpractice
oldest type of insurancein WI Maritime
One of the oldest companies in the world; originally to insure ships
and cargo overseas. Known today for insuring specialty risks other
Lloyd of London companies would not insure due to nature of the risk
rebating
unfair inducement is also known
as
Rebating ex: giving someone 10% of their commission
Not Allowed
If I give you this then you must
buy this
BCI Boycott, Coercion, Intimidation
www.stuvia.com
