NC CLAIMS ADJUSTER EXAM 2024 NEWEST EXAM 2 VERSIONS
(VERSION A AND B) COMPLETE 400 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /
ALREADY GRADED A
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.
Accident - ANSWER: A sudden unforseen and unintended one time 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.
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
neighbors 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.
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
someones car with their permission.
Named insured - ANSWER: Listed on the declarations page. Included a spouse
wether 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
peoples 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.
Flood insurance policies become effective after: - ANSWER: 30 days after receipt of
the coverage application and the premium payment.
The general property form on flood insurance is used to: - ANSWER: Insure larger
residential structures and non residential buildings.
, The dwellings form on a flood insurance plan is: - ANSWER: Used to ensure
residential property of no more than 4 units and the contents
Flood insurance is available in 2 forms, what are they? - ANSWER: 1. Dwelling
2. General property
The deductible for an emergency plan applies: - ANSWER: Separately to the building
loss and contents if purchased on a per occurrence basis.
How much is the deductible on an emergency plan? - ANSWER: $1,000 Deductibe
The community becomes eligible for a regular plan: - ANSWER: When a community
complied with flood control requirements and the extent of the flood plan has been
mapped.
What are the 1st definition included in a flood? - ANSWER: Overflow of inland or
tidal water
What is the 2nd definition included in a flood? - ANSWER: Unusual accumulation and
run off of surface waters
What is the 3rd definition included in a flood? - ANSWER: Mud flows or mudslides in
normally dry land areas
What is the 4th definition included in a flood? - ANSWER: Abnormal flood related
erosion of shorelines
What is a flood? - ANSWER: General and temporary conditions of partial or complete
inundation of normally dry land areas.
What is the 1st thing the "write your own" program will allow? - ANSWER: Private
insurance companies to sell and service flood insurance in their own name.
What is the 2nd thing the "write your own" program will allow? - ANSWER: Collect
Premiums
What is the 3rd thing the "write your own" program will allow? - ANSWER: Keep
percentage of premiums to cover expenses and profit.
What is the 4th thing the "write you own program will allow? - ANSWER: Invest the
rest of the profit to provide funds to pay claims.
What is the purpose of the National Flood Insurance Program? - ANSWER: The
encourage communities to practice flood control and to restrict development in
flood prone areas.
(VERSION A AND B) COMPLETE 400 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /
ALREADY GRADED A
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.
Accident - ANSWER: A sudden unforseen and unintended one time 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.
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
neighbors 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.
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
someones car with their permission.
Named insured - ANSWER: Listed on the declarations page. Included a spouse
wether 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
peoples 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.
Flood insurance policies become effective after: - ANSWER: 30 days after receipt of
the coverage application and the premium payment.
The general property form on flood insurance is used to: - ANSWER: Insure larger
residential structures and non residential buildings.
, The dwellings form on a flood insurance plan is: - ANSWER: Used to ensure
residential property of no more than 4 units and the contents
Flood insurance is available in 2 forms, what are they? - ANSWER: 1. Dwelling
2. General property
The deductible for an emergency plan applies: - ANSWER: Separately to the building
loss and contents if purchased on a per occurrence basis.
How much is the deductible on an emergency plan? - ANSWER: $1,000 Deductibe
The community becomes eligible for a regular plan: - ANSWER: When a community
complied with flood control requirements and the extent of the flood plan has been
mapped.
What are the 1st definition included in a flood? - ANSWER: Overflow of inland or
tidal water
What is the 2nd definition included in a flood? - ANSWER: Unusual accumulation and
run off of surface waters
What is the 3rd definition included in a flood? - ANSWER: Mud flows or mudslides in
normally dry land areas
What is the 4th definition included in a flood? - ANSWER: Abnormal flood related
erosion of shorelines
What is a flood? - ANSWER: General and temporary conditions of partial or complete
inundation of normally dry land areas.
What is the 1st thing the "write your own" program will allow? - ANSWER: Private
insurance companies to sell and service flood insurance in their own name.
What is the 2nd thing the "write your own" program will allow? - ANSWER: Collect
Premiums
What is the 3rd thing the "write your own" program will allow? - ANSWER: Keep
percentage of premiums to cover expenses and profit.
What is the 4th thing the "write you own program will allow? - ANSWER: Invest the
rest of the profit to provide funds to pay claims.
What is the purpose of the National Flood Insurance Program? - ANSWER: The
encourage communities to practice flood control and to restrict development in
flood prone areas.
