NC CLAIMS ADJUSTER
NC CLAIMS ADJUSTER EXAM QUESTIONS AND ANSWERS %
CORRECT.
Liability Insurance PAP (Part A) answer >>>>>>>>>Pays all the sums and
insured must legally pay as damage due to BI/PD caused by an accident
and resulting from the ownership, maintenance or use of a covered
auto.
Coverage Part A through F of a PAP answer >>>>>>>>>A. Liability
B. Medical Payments
C. UM/UIM
D. Physical Damage
E. Insured Duties
F. General Provisions
Certificate of Insurance (COI) answer >>>>>>>>>A document that
proves the existence of insurance coverage
Occurrence answer >>>>>>>>>Something that continue to happen and
may cause injury later on.
,NC CLAIMS ADJUSTER
Accident answer >>>>>>>>>A sudden unforeseen and unintended
onetime event
Assumption of risk answer >>>>>>>>>An individual who is aware of the
potential risk involved and chose to expose themselves to it.
Comparative negligence answer >>>>>>>>>Measures the amount of
negligence contributed to each party. The injured party will not cover
damages equal to the percentage of negligence they contribute.
Contributory Negligence answer >>>>>>>>>If an insured party
contributed to their injury in anyway due to their own negligence, we
will not pay anything.
What state is a contributory state? answer >>>>>>>>>North Carolina
Negligence answer >>>>>>>>>Failure to do (or not do) what a
reasonable prudent person would or would not have done in a similar
instance.
Temporary Substitute Automobile answer >>>>>>>>>Not owned by the
named insured but used temporarily as a substitute for the owned auto
that is not currently being used.
,NC CLAIMS ADJUSTER
What is an example of a Temporary Substitute Automobile? answer
>>>>>>>>>A dealership loans an insured a vehicle to drive while their
car is getting fixed.
Non Owned Automobile answer >>>>>>>>>Not owned by the named
insured or any relative.
What is an example of an Non Owned Automobile? answer
>>>>>>>>>An insured borrows a neighbor’s car.
If an additional vehicle is not reported to the insurer within 30 days:
answer >>>>>>>>>No coverage will apply to the added vehicle.
If a vehicle is added to an existing policy (In addition to): answer
>>>>>>>>>It will have the broadest coverage if insured within 30 days
of becoming the owner.
If a replacement vehicle is not reported within 30 days: answer
>>>>>>>>>Part D (Comprehensive and Collision Coverage) will not
apply to the replacement vehicle.
A new vehicle that replaces another vehicle will: answer
>>>>>>>>>Have the same coverages as the old vehicle if the named
insured request to insure it within 30 days of becoming the owners.
, NC CLAIMS ADJUSTER
Insured answer >>>>>>>>>Any blood relative by marriage, adoption,
wards, foster children, living in the same home, including children away
at college. Also, any person using someone’s car with their permission.
Named insured answer >>>>>>>>>Listed on the declarations page.
Included a spouse wither they are named in the policy or not, provided
they live in the same home.
1st Coverage for watercraft or yacht are: answer >>>>>>>>>Hull
insurance for damage to the insured boat itself
2nd Coverage for watercraft or yacht are: answer >>>>>>>>>Protection
and indemnity liability coverage for BI and PD exposures for damage to
other people or other people’s boats.
What doesn't watercraft or yacht coverage provide? answer
>>>>>>>>>Coverage for boats used for hire, charger, or for transporting
people for a fee.
How many days’ removal coverage is provided on the National Flood
Insurance Program? answer >>>>>>>>>45 days
Elevation certificates answer >>>>>>>>>Required on dwellings that are
written in the regular program in certain flood zones in order to
properly rate the policy.
NC CLAIMS ADJUSTER EXAM QUESTIONS AND ANSWERS %
CORRECT.
Liability Insurance PAP (Part A) answer >>>>>>>>>Pays all the sums and
insured must legally pay as damage due to BI/PD caused by an accident
and resulting from the ownership, maintenance or use of a covered
auto.
Coverage Part A through F of a PAP answer >>>>>>>>>A. Liability
B. Medical Payments
C. UM/UIM
D. Physical Damage
E. Insured Duties
F. General Provisions
Certificate of Insurance (COI) answer >>>>>>>>>A document that
proves the existence of insurance coverage
Occurrence answer >>>>>>>>>Something that continue to happen and
may cause injury later on.
,NC CLAIMS ADJUSTER
Accident answer >>>>>>>>>A sudden unforeseen and unintended
onetime event
Assumption of risk answer >>>>>>>>>An individual who is aware of the
potential risk involved and chose to expose themselves to it.
Comparative negligence answer >>>>>>>>>Measures the amount of
negligence contributed to each party. The injured party will not cover
damages equal to the percentage of negligence they contribute.
Contributory Negligence answer >>>>>>>>>If an insured party
contributed to their injury in anyway due to their own negligence, we
will not pay anything.
What state is a contributory state? answer >>>>>>>>>North Carolina
Negligence answer >>>>>>>>>Failure to do (or not do) what a
reasonable prudent person would or would not have done in a similar
instance.
Temporary Substitute Automobile answer >>>>>>>>>Not owned by the
named insured but used temporarily as a substitute for the owned auto
that is not currently being used.
,NC CLAIMS ADJUSTER
What is an example of a Temporary Substitute Automobile? answer
>>>>>>>>>A dealership loans an insured a vehicle to drive while their
car is getting fixed.
Non Owned Automobile answer >>>>>>>>>Not owned by the named
insured or any relative.
What is an example of an Non Owned Automobile? answer
>>>>>>>>>An insured borrows a neighbor’s car.
If an additional vehicle is not reported to the insurer within 30 days:
answer >>>>>>>>>No coverage will apply to the added vehicle.
If a vehicle is added to an existing policy (In addition to): answer
>>>>>>>>>It will have the broadest coverage if insured within 30 days
of becoming the owner.
If a replacement vehicle is not reported within 30 days: answer
>>>>>>>>>Part D (Comprehensive and Collision Coverage) will not
apply to the replacement vehicle.
A new vehicle that replaces another vehicle will: answer
>>>>>>>>>Have the same coverages as the old vehicle if the named
insured request to insure it within 30 days of becoming the owners.
, NC CLAIMS ADJUSTER
Insured answer >>>>>>>>>Any blood relative by marriage, adoption,
wards, foster children, living in the same home, including children away
at college. Also, any person using someone’s car with their permission.
Named insured answer >>>>>>>>>Listed on the declarations page.
Included a spouse wither they are named in the policy or not, provided
they live in the same home.
1st Coverage for watercraft or yacht are: answer >>>>>>>>>Hull
insurance for damage to the insured boat itself
2nd Coverage for watercraft or yacht are: answer >>>>>>>>>Protection
and indemnity liability coverage for BI and PD exposures for damage to
other people or other people’s boats.
What doesn't watercraft or yacht coverage provide? answer
>>>>>>>>>Coverage for boats used for hire, charger, or for transporting
people for a fee.
How many days’ removal coverage is provided on the National Flood
Insurance Program? answer >>>>>>>>>45 days
Elevation certificates answer >>>>>>>>>Required on dwellings that are
written in the regular program in certain flood zones in order to
properly rate the policy.
