Insurance Exam Prep

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
* How Florida Statute Section 626.561 classifies premiums and returned premiums as trust funds held in a fiduciary capacity.
* Why temporary borrowing or diversion of client or insurer funds is illegal misappropriation under Florida law.
* How criminal penalties distinguish between misappropriating $300 or less versus larger amounts.
* The statutory requirement for maintaining separate trust accounts when holding funds for non-appointed insurers.
* The difference between the 3-year record retention rule for premium payments and 5-year retention rules for other policy records.

This independent study resource is designed to supplement your Florida 2-15 exam preparation. For additional practice questions and study tools, visit https://open-exam-prep.com/practice/fl-life-health and watch video guides at https://www.youtube.com/@Open-exam-prep .

Sources checked: October 26, 2026
https://www.flsenate.gov/Laws/Statutes/2026/626.561
https://www.flsenate.gov/Laws/Statutes/2026/626.748
https://www.flsenate.gov/Laws/Statutes/2026/627.4554

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
• How continuing education obligations differ for Florida agents licensed under six years versus six or more years.
• Why Florida's perpetual license concept does not grant authority to transact insurance without an active insurer appointment.
• How the 48-month unappointed rule affects license expiration and re-qualification.
• Mandatory 30-day change reporting rules for updating contact information in MyProfile under Florida Statute 626.551.
• License status consequences of moving primary residence out of state and reporting administrative actions.

This independent study guide supplements your state exam prep. For interactive practice questions and video prep, visit https://open-exam-prep.com/practice/fl-life-health and https://www.youtube.com/@Open-exam-prep .

Sources checked: October 26, 2026
https://www.flsenate.gov/Laws/Statutes/2026/626.2815
https://www.flsenate.gov/Laws/Statutes/2026/626.551
https://www.flsenate.gov/Laws/Statutes/2026/626.536
https://myfloridacfo.com/division/agents/licensing/faq

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
* The legal distinction between holding an agent license and holding an active insurer appointment under Section 626.112.
* What constitutes transacting insurance in Florida and why an unappointed agent cannot solicit or take applications.
* The licensing requirements for Florida insurance agencies and the requirement to designate an agent in charge.
* Why variable contracts require FINRA securities registration in addition to a Florida 2-15 insurance license.
* The structure of the Florida 2-15 state examination, including question counts, time limits, and state law domain weighting.

This independent educational supplement is designed to assist candidates preparing for the Florida 2-15 Life & Health license exam. For practice questions and study guides, visit https://open-exam-prep.com/practice/fl-life-health and https://www.youtube.com/@Open-exam-prep .

Sources checked: October 26, 2026
https://www.flsenate.gov/Laws/Statutes/2026/626.112
https://www.flsenate.gov/Laws/Statutes/2026/626.371
https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/121003.pdf

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
• The breakdown of Florida state-law topics within the combined Florida 2-15 Life & Health exam
• The jurisdictional boundaries of the Chief Financial Officer and Department of Financial Services (DFS)
• The regulatory responsibilities of the Office of Insurance Regulation (OIR) regarding forms and solvency
• The roles of the Financial Services Commission and Office of Financial Regulation (OFR)
• A practical actor/action/authority decision rule for identifying regulatory bodies on test questions

This episode is an independent study supplement for Florida 2-15 candidates. Access free practice questions at https://open-exam-prep.com/practice/fl-life-health and video lessons at https://www.youtube.com/@Open-exam-prep .

Sources checked: October 26, 2026
https://www.flsenate.gov/Laws/Statutes/2026/20.121
https://www.flsenate.gov/Laws/Statutes/2026/627.4554
https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/121003.pdf

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
* How Texas Insurance Code § 542.055 requires 15 calendar days (30 business days for surplus lines) for admitted carriers to acknowledge covered first-party claims.
* How weather-related catastrophe designations under § 542.059 extend prompt payment deadlines by 15 calendar days, and how § 542.056 permits a 45-day decision extension notice.
* How to distinguish initial claim acknowledgment timelines from the 15 business-day claim acceptance or rejection deadline under § 542.056.
* How Texas Insurance Code § 4005.053 prohibits paying unlicensed individuals for agent services while permitting deferred commissions and qualified referral fees.
* How producer conduct, licensing rules, and surplus lines diligence interface with a systematic source-check routine without relying on guaranteed passing claims.

For independent study materials and free practice resources, visit https://open-exam-prep.com/practice/tx-property-casualty and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
https://tcss.legis.texas.gov/resources/IN/htm/IN.542.htm
https://tcss.legis.texas.gov/resources/IN/htm/IN.4005.htm
https://www.tdi.texas.gov/consumer/index.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- How elective employer subscription in Texas operates, including exceptions for public entities and public construction contracts.
- Statutory exclusive remedy protections and narrow exceptions like gross negligence causing death.
- How course and scope of employment defines employee eligibility for statutory benefits.
- Employee reporting rules, statutory exceptions to thirty-day notice, and insurer claims obligations.
- Why routine employee safety rule violations do not defeat claims under the no-fault system.

For independent study materials, visit https://open-exam-prep.com/practice/tx-property-casualty and check our video channel at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
https://tcss.legis.texas.gov/resources/LA/htm/LA.406.htm
https://www.tdi.texas.gov/wc/index.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
* How to separate third-party liability limits from first-party policy benefits in Texas automobile insurance claims.
* How Personal Injury Protection (PIP) provides first-party no-fault coverage up to policy limits unless rejected in writing.
* How Texas Insurance Code Section 1952.106 calculates Underinsured Motorist (UIM) benefits by deducting liability recoveries from actual damages rather than netting policy limits.
* Why claimants with identical bodily injury damages achieve different total recoveries depending on their PIP and UIM elections.
* An exam-tested decision rule for solving multi-policy auto claim calculations on the Texas P&C licensing exam.

Prepare independently for your license with comprehensive study tools at https://open-exam-prep.com/practice/tx-property-casualty and watch detailed video walkthroughs at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
https://tcss.legis.texas.gov/resources/IN/htm/IN.1952.htm
https://www.tdi.texas.gov/consumer/index.html
https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/124401.pdf

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- How to differentiate private homeowners wind endorsements, TWIA windstorm coverage, and flood insurance.
- The statutory requirement for private insurer declination from an admitted carrier before seeking TWIA coverage.
- Valid building code Certificates of Compliance including TDI WPI-8, WPI-8-E, historical TWIA WPI-8-C, and statutory exceptions.
- The three specific conditions that trigger mandatory flood insurance for TWIA eligibility in NFIP V flood zones built or altered after September 1, 2009.
- Why treating TWIA windstorm policies and flood insurance as interchangeable creates a major exam trap.

OpenExamPrep provides independent study resources to support your exam preparation; practice interactive test questions at https://open-exam-prep.com/practice/tx-property-casualty and find video guides at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
- https://tcss.legis.texas.gov/resources/IN/htm/IN.2210.htm
- https://www.tdi.texas.gov/agent/general-property-apply.html
- https://www.tdi.texas.gov/consumer/index.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
* The legal rules governing acting before TDI receives notice of an additional insurer appointment under Texas Insurance Code.
* How Texas agent license expiration on the last day of the birth month impacts biennial continuing education requirements.
* Why fiduciary trust responsibilities strictly prohibit using policyholder premiums for personal or operating expenses.
* Exam traps involving appointment notice timelines, grace period assumptions, and temporary premium diversion.
* A practical decision rule distinguishing license qualification, carrier appointment authority, and fiduciary duties.

This independent prep episode helps you master Texas licensing and premium-handling rules. For additional practice questions, visit https://open-exam-prep.com/practice/tx-property-casualty and explore our video tutorials at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
* https://tcss.legis.texas.gov/resources/IN/htm/IN.4001.htm
* https://www.tdi.texas.gov/agent/general-property-apply.html
* https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/124401.pdf

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- The legal distinctions between admitted insurers and eligible surplus lines carriers in Texas.
- Statutory guaranty association limits, exclusions, and Chapter 462 eligibility rules.
- Placement restrictions, diligent search exceptions, and surplus lines licensing rules.
- The required Section 981.101 disclosure warning on surplus lines documents.
- Program-specific residual market mechanisms and Joint Underwriting Association roles.

This independent prep episode is designed to help you master Texas property and casualty exam topics. Access practice materials at https://open-exam-prep.com/practice/tx-property-casualty and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
- https://tcss.legis.texas.gov/resources/IN/htm/IN.981.htm
- https://tcss.legis.texas.gov/resources/IN/htm/IN.462.htm
- https://www.tdi.texas.gov/agent/general-property-apply.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
• How Texas medical benefits cover reasonable and necessary care without standard policy time or dollar limits.
• How temporary income benefits (TIBs) are calculated with statutory caps, low-wage exceptions, and MMI duration rules.
• How impairment income benefits (IIBs) compensate for permanent physical damage based on three weeks per percentage point.
• How death and burial benefits protect eligible beneficiaries, including the first responder spouse remarrying exception.
• How to evaluate workers compensation claim scenarios accurately for the Texas General Lines exam.

This independent study resource is designed to help candidates prepare for the Texas General Lines Property and Casualty insurance licensing exam. Practice questions are available at https://open-exam-prep.com/practice/tx-property-casualty and video lessons can be found at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
• https://www.tdi.texas.gov/wc/employee/index.html
• https://tcss.legis.texas.gov/resources/LA/htm/LA.408.htm

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
• The distinction between subscribing and nonsubscribing employers under Texas law.
• Exceptions where workers compensation coverage is legally mandatory in Texas.
• How the exclusive remedy doctrine functions alongside statutory gross negligence exceptions.
• The three common-law defenses forfeited by nonsubscribing employers in tort suits.
• Administrative notice duties and why non-subscriber negligence claims still require proving causation.

This episode provides independent educational material for learners preparing for the Texas Property and Casualty insurance license exam. For practice resources, visit https://open-exam-prep.com/practice/tx-property-casualty and check out our channel at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026:
• https://tcss.legis.texas.gov/resources/LA/htm/LA.406.htm
• https://www.tdi.texas.gov/wc/employer/index.html
• https://www.tdi.texas.gov/consumer/index.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- How Texas law distinguishes midterm policy cancellation, natural policy expiration, and nonrenewal.
- The 60-day written notice requirement for personal auto and homeowners nonrenewals in Texas.
- The 10-day written notice requirement for midterm cancellations due to nonpayment or statutory cause.
- Line-specific midterm cancellation grounds, including auto-only driver license suspension rules and initial 60-day homeowners hazard rules.
- Electronic notice options under Section 551.008 and the requirement for automatic written explanation of reasons.

For independent study materials, practice questions, and video guides, check out https://open-exam-prep.com/practice/tx-property-casualty and https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
https://tcss.legis.texas.gov/resources/IN/htm/IN.551.htm
https://www.tdi.texas.gov/consumer/index.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- How personal auto coverage applies during personal driving subject to standard policy terms and conditions.
- How public or livery conveyance exclusions trigger when a driver logs onto a rideshare application.
- Statutory liability requirements under Texas Insurance Code Chapter 1954 during the application waiting period.
- How TNC coverage and optional endorsements handle physical damage and liability across different rideshare phases.
- Key exam strategies for evaluating scenario questions about rideshare exclusions and endorsement terms.

This episode is part of OpenExamPrep's independent educational resources for Texas General Lines Property and Casualty insurance preparation. Explore practice tests and learning material at https://open-exam-prep.com/practice/tx-property-casualty and watch complete visual lessons on YouTube at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
- https://tcss.legis.texas.gov/resources/IN/htm/IN.1954.htm
- https://www.tdi.texas.gov/tips/ride-sharing.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
• Statutory mandates under Texas Insurance Code Chapter 1952 for offering Personal Injury Protection (PIP) and UM/UIM on personal auto policies.
• The requirement for a valid written rejection, including compliant electronic signature, and how existing valid rejections carry forward to policy renewals.
• Statutory minimum PIP limits of $2,500 per person and benefit categories for income producers versus non-income producers.
• Key operational differences between third-party liability, collision, PIP, and UM/UIM coverages.
• Common exam traps involving oral requests, agent customer file notes, and physical contact rules for hit-and-run claims.

OpenExamPrep provides independent study tools to support candidates preparing for the Texas General Lines Property and Casualty insurance exam. Practice state-specific questions at https://open-exam-prep.com/practice/tx-property-casualty and watch comprehensive video tutorials at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
• https://tcss.legis.texas.gov/resources/IN/htm/IN.1952.htm
• https://www.tdi.texas.gov/consumer/index.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
• How Texas Transportation Code Chapter 601 establishes mandatory 30/60/25 auto liability minimum limits.
• The distinction between per-person bodily injury limits, total per-accident caps, and property damage liability.
• How to apply split limits step-by-step in a two-person collision scenario.
• Why the per-person limit overrides per-accident arithmetic when individual claims exceed policy caps.
• A simple decision rule to accurately calculate maximum insurer payouts on Texas exam questions.

For independent practice questions and video prep resources, visit https://open-exam-prep.com/practice/tx-property-casualty and https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
- https://tcss.legis.texas.gov/resources/TN/htm/TN.601.htm
- https://www.tdi.texas.gov/consumer/index.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- How to distinguish covered internal water discharge from excluded flood losses in Texas property policies.
- The official NFIP definition of a flood, including the two-property condition rule.
- Why top-down versus ground-up is a study prompt rather than a definitive legal coverage rule.
- The limits of the NFIP Residential Dwelling form for single-family homes versus private flood and TWIA options.
- How to avoid exam traps involving storm-related surface runoff and declared disaster events.

This independent study resource helps candidates master Texas General Lines P&C exam concepts. Practice online at https://open-exam-prep.com/practice/tx-property-casualty and subscribe to our YouTube channel at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
https://www.tdi.texas.gov/consumer/index.html
https://www.tdi.texas.gov/agent/general-property-apply.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
• The residual-market role of the Texas Windstorm Insurance Association (TWIA) under Chapter 2210.
• Key statutory TWIA eligibility rules, including designated coastal catastrophe areas and private market declination.
• Windstorm building code inspection certificate requirements, including TDI Forms WPI-8 and WPI-8-E with applicable exceptions.
• Mandatory separate flood insurance rules for structures constructed, altered, remodeled, or enlarged after September 1, 2009 in designated V zones.
• Common exam pitfalls regarding TWIA coverage limitations and the total exclusion of flood and storm surge damage.

This episode provides independent learning resources for candidates preparing for the Texas General Lines Property and Casualty insurance license exam. For practice questions and study tools, visit https://open-exam-prep.com/practice/tx-property-casualty and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026
https://www.twia.org/flood-requirement/
https://www.tdi.texas.gov/wind/index.html

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- How Texas allows both national ISO policy forms and company-filed custom forms alongside historical state forms.
- The distinction between named perils coverage and open perils coverage in Texas homeowners policies.
- How replacement cost valuation differs from actual cash value when settling property damage claims.
- The role of percentage deductibles, specific exclusions, and policy endorsements in customizing coverage.
- Why consumers and agents must review contract language rather than assuming Texas policies are identical.

This independent prep episode helps candidates review key Texas insurance concepts. For full practice tools and video content, visit https://open-exam-prep.com/practice/tx-property-casualty and https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026: https://www.tdi.texas.gov/consumer/index.html and https://www.pearsonvue.com/content/dam/VUE/vue/en/documents/publications/124401.pdf

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
• The statutory distinction between unfair settlement practices under Subchapter A and prompt payment rules under Subchapter B.
• The three-step claim timetable for admitted insurers: 15 calendar days to acknowledge, 15 business days to accept or deny, and 5 business days to pay.
• How written extensions up to 45 calendar days operate during claim investigation.
• Extended claim-handling windows for eligible surplus lines insurers under Texas Insurance Code.
• The 15 calendar day statutory extension granted during TDI-designated weather catastrophes.

This episode is designed for independent test preparation and study support. For additional practice materials, flashcards, and study guides, explore our resources:
https://open-exam-prep.com/practice/tx-property-casualty
https://www.youtube.com/@Open-exam-prep

Sources checked: September 28, 2026
https://tcss.legis.texas.gov/resources/IN/htm/IN.542.htm
https://www.tdi.texas.gov/consumer/index.html