[TX P&C] 23. Auto Limits, PIP and UM/UIM Case Review

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