How To Get Your Insurance License: Liability Basics: Negligence, Tort Law, & Assumption of Risk

Are you studying for your insurance license. This Exam Prep video explains the concepts of the basics of Liability or Casualty including Tort Law, Plaintiff, Legal Negligence, General Damages vs Special Damages, Assumption of Risk, and Contributory vs Comparative Negligence. These concepts apply to Property and Casualty insurance licensing. Understanding these concepts could help you pass your state insurance licensing test so you can sell insurance. This will help you get your license!

00:00 Intro
00:37 Contract Law VS Tort Law
01:21 Casualty or Liability Insurance
01:47 Plaintiff or Claimant
02:15 Tort Definition
03:19 Legal Negligence
05:38 General Damages VS Special Damages
07:07 Assumption of Risk
08:13 Contributory VS Comparative Negligence
10:08 Practice Question
10:39 Wrap Up and Thank You