Nc Claims Adjuster Exam Study Questions And Correct Verified Answers

NC CLAIMS ADJUSTER EXAM STUDY
QUESTIONS AND CORRECT VERIFIED
ANSWERS
LiabilityA2InsuranceA2PAPA2(PartA2A)A2-A2Ans--
PaysA2allA2theA2sumsA2andA2insuredA2mustA2legallyA2payA2asA2damageA2dueA2toA2BI/
PDA2causedA2byA2anA2accidentA2andA2resultingA2fromA2theA2ownership,A2maintenanceA2or
A2useA2ofA2aA2coveredA2auto.


CoverageA2PartA2AA2throughA2FA2ofA2aA2PAPA2-A2Ans--A.A2Liability
B.A2MedicalA2Payments
C.A2UM/UIM
D.A2PhysicalA2Damage
E.A2InsuredA2Duties
F.A2GeneralA2Provisions

CertificateA2ofA2InsuranceA2(COI)A2-A2Ans--
AA2documentA2thatA2provesA2theA2existenceA2ofA2insuranceA2coverage

OccurrenceA2-A2Ans--
SomethingA2thatA2continueA2toA2happenA2andA2mayA2causeA2injuryA2laterA2on.

AccidentA2-A2Ans--AA2suddenA2unforseenA2andA2unintendedA2oneA2timeA2event

AssumptionA2ofA2riskA2-A2Ans--
AnA2individualA2whoA2isA2awareA2ofA2theA2potentialA2riskA2involvedA2andA2choseA2toA2expo
seA2themselvesA2toA2it.

ComparativeA2negligenceA2-A2Ans--
MeasuresA2theA2amountA2ofA2negligenceA2contributedA2toA2eachA2party.A2TheA2injuredA2pa
rtyA2willA2notA2coverA2damagesA2equalA2toA2theA2percentageA2ofA2negligenceA2theyA2contri
bute.

ContributoryA2NegligenceA2-A2Ans--
IfA2anA2insuredA2partyA2contributedA2toA2theirA2injuryA2inA2anywayA2dueA2toA2theirA2ownA2ne
gligence,A2weA2willA2notA2payA2anything.

WhatA2stateA2isA2aA2contributoryA2state?A2-A2Ans--NorthA2Carolina

NegligenceA2-A2Ans--
FailureA2toA2doA2(orA2notA2do)A2whatA2aA2reasonableA2prudentA2personA2wouldA2orA2wouldA
2notA2haveA2doneA2inA2aA2similarA2instance.

,TemporaryA2SubstituteA2AutomobileA2-A2Ans--
NotA2ownedA2byA2theA2namedA2insuredA2butA2usedA2temporarilyA2asA2aA2substituteA2forA2th
eA2ownedA2autoA2thatA2isA2notA2currentlyA2beingA2used.

WhatA2isA2anA2exampleA2ofA2aA2TemporaryA2substituteA2Automobile?A2-A2Ans--
AA2dealershipA2loansA2anA2insuredA2aA2vehicleA2toA2driveA2whileA2theirA2carA2isA2gettingA2fi
xed.

NonA2OwnedA2AutomobileA2-A2Ans--
NotA2ownedA2byA2theA2namedA2insuredA2orA2anyA2relative.

WhatA2isA2anA2exampleA2ofA2anA2NonA2OwnedA2Automobile?A2-A2Ans--
AnA2insuredA2borrowsA2aA2neighborsA2car.

IfA2anA2additionalA2vehicleA2isA2notA2reportedA2toA2theA2insurerA2withinA230A2days:A2-A2Ans--
NoA2coverageA2willA2applyA2toA2theA2addedA2vehicle.

IfA2aA2vehicleA2isA2addedA2toA2anA2existingA2policyA2(InA2additionA2to):A2-A2Ans--
ItA2willA2haveA2theA2broadestA2coverageA2ifA2insuredA2withinA230A2daysA2ofA2becomingA2the
A2owner.


IfA2aA2replacementA2vehicleA2isA2notA2reportedA2withinA230A2days:A2-A2Ans--
PartA2DA2(ComprehensiveA2andA2CollisionA2Coverage)A2willA2notA2applyA2toA2theA2replace
mentA2vehicle.

AA2newA2vehicleA2thatA2replacesA2anotherA2vehicleA2will:A2-A2Ans--
HaveA2theA2sameA2coveragesA2asA2theA2oldA2vehicleA2ifA2theA2namedA2insuredA2requestA2t
oA2insureA2itA2withinA230A2daysA2ofA2becomingA2theA2owners.

InsuredA2-A2Ans--
AnyA2bloodA2relativeA2byA2marriage,A2adoption,A2wards,A2fosterA2children,A2livingA2inA2theA
2sameA2home,A2includingA2childrenA2awayA2atA2college.A2Also,A2anyA2personA2usingA2som
eonesA2carA2withA2theirA2permission.

NamedA2insuredA2-A2Ans--
ListedA2onA2theA2declarationsA2page.A2IncludedA2aA2spouseA2wetherA2theyA2areA2namedA2i
nA2theA2policyA2orA2not,A2providedA2theyA2liveA2inA2theA2sameA2home.

1stA2CoverageA2forA2watercraftA2orA2yachtA2are:A2-A2Ans--
HullA2insuranceA2forA2damageA2toA2theA2insuredA2boatA2itself

2ndA2CoverageA2forA2watercraftA2orA2yachtA2are:A2-A2Ans--
ProtectionA2andA2indemnityA2liabilityA2coverageA2forA2BIA2andA2PDA2exposuresA2forA2dama
geA2toA2otherA2peopleA2orA2otherA2peoplesA2boats.

, WhatA2doesn'tA2watercraftA2orA2yachtA2coverageA2provide?A2-A2Ans--
CoverageA2forA2boatsA2usedA2forA2hire,A2charger,A2orA2forA2transportingA2peopleA2forA2aA2f
ee.

HowA2manyA2daysA2removalA2coverageA2isA2providedA2onA2theA2NationalA2FloodA2Insuran
ceA2Program?A2-A2Ans--45A2days

ElevationA2certificatesA2-A2Ans--
RequiredA2onA2dwellingsA2thatA2areA2writtenA2inA2theA2regularA2programA2inA2certainA2flood
A2zonesA2inA2orderA2toA2properlyA2rateA2theA2policy.


FloodA2insuranceA2policiesA2becomeA2effectiveA2after:A2-A2Ans--
30A2daysA2afterA2receiptA2ofA2theA2coverageA2applicationA2andA2theA2premiumA2payment.

TheA2generalA2propertyA2formA2onA2floodA2insuranceA2isA2usedA2to:A2-A2Ans--
InsureA2largerA2residentialA2structuresA2andA2nonA2residentialA2buildings.

TheA2dwellingsA2formA2onA2aA2floodA2insuranceA2planA2is:A2-A2Ans--
UsedA2toA2ensureA2residentialA2propertyA2ofA2noA2moreA2thanA24A2unitsA2andA2theA2content
s

FloodA2insuranceA2isA2availableA2inA22A2forms,A2whatA2areA2they?A2-A2Ans--1.A2Dwelling
2.A2GeneralA2property

TheA2deductibleA2forA2anA2emergencyA2planA2applies:A2-A2Ans--
SeparatelyA2toA2theA2buildingA2lossA2andA2contentsA2ifA2purchasedA2onA2aA2perA2occurrenc
eA2basis.

HowA2muchA2isA2theA2deductibleA2onA2anA2emergencyA2plan?A2-A2Ans--$1,000A2Deductibe

TheA2communityA2becomesA2eligibleA2forA2aA2regularA2plan:A2-A2Ans--
WhenA2aA2communityA2compliedA2withA2floodA2controlA2requirementsA2andA2theA2extentA2o
fA2theA2floodA2planA2hasA2beenA2mapped.

WhatA2areA2theA21stA2definitionA2includedA2inA2aA2flood?A2-A2Ans--
OverflowA2ofA2inlandA2orA2tidalA2water

WhatA2isA2theA22ndA2definitionA2includedA2inA2aA2flood?A2-A2Ans--
UnusualA2accumulationA2andA2runA2offA2ofA2surfaceA2waters

WhatA2isA2theA23rdA2definitionA2includedA2inA2aA2flood?A2-A2Ans--
MudA2flowsA2orA2mudslidesA2inA2normallyA2dryA2landA2areas

WhatA2isA2theA24thA2definitionA2includedA2inA2aA2flood?A2-A2Ans--
AbnormalA2floodA2relatedA2erosionA2ofA2shorelines