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NC Claims Adjuster Exam Study Questions and
Correct Answer
Liability Insurance PAP (Part A)
✓ ~: 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
✓ ~: A. Liability
B. Medical Payments
C. UM/UIM
D. Physical Damage
E. Insured Duties
F. General Provisions
Certificate of Insurance (COI)
✓ ~: A document that proves the existence of insurance coverage
Occurrence
✓ ~: Something that continue to happen and may cause injury later on.
Accident
✓ ~: A sudden unforseen and unintended one time event
Assumption of risk
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✓ ~: An individual who is aware of the potential risk involved and chose to expose
themselves to it.
Comparative negligence
✓ ~: 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
✓ ~: 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?
✓ ~: North Carolina
Negligence
✓ ~: Failure to do (or not do) what a reasonable prudent person would or would not have
done in a similar instance.
Temporary Substitute Automobile
✓ ~: 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?
✓ ~: A dealership loans an insured a vehicle to drive while their car is getting fixed.
Non Owned Automobile
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✓ ~: Not owned by the named insured or any relative.
What is an example of an Non Owned Automobile?
✓ ~: An insured borrows a neighbors car.
If an additional vehicle is not reported to the insurer within 30 days:
✓ ~: No coverage will apply to the added vehicle.
If a vehicle is added to an existing policy (In addition to):
✓ ~: 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:
✓ ~: Part D (Comprehensive and Collision Coverage) will not apply to the replacement
vehicle.
A new vehicle that replaces another vehicle will:
✓ ~: Have the same coverages as the old vehicle if the named insured request to insure it
within 30 days of becoming the owners.
Insured
✓ ~: 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
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✓ ~: 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:
✓ ~: Hull insurance for damage to the insured boat itself
2nd Coverage for watercraft or yacht are:
✓ ~: 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?
✓ ~: 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?
✓ ~: 45 days
Elevation certificates
✓ ~: 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:
✓ ~: 30 days after receipt of the coverage application and the premium payment.
The general property form on flood insurance is used to:
NC Claims Adjuster Exam Study Questions and
Correct Answer
Liability Insurance PAP (Part A)
✓ ~: 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
✓ ~: A. Liability
B. Medical Payments
C. UM/UIM
D. Physical Damage
E. Insured Duties
F. General Provisions
Certificate of Insurance (COI)
✓ ~: A document that proves the existence of insurance coverage
Occurrence
✓ ~: Something that continue to happen and may cause injury later on.
Accident
✓ ~: A sudden unforseen and unintended one time event
Assumption of risk
, <<<<< Elscores <<<<<>>>>> 19/08/2024 20:17>>>>>
✓ ~: An individual who is aware of the potential risk involved and chose to expose
themselves to it.
Comparative negligence
✓ ~: 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
✓ ~: 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?
✓ ~: North Carolina
Negligence
✓ ~: Failure to do (or not do) what a reasonable prudent person would or would not have
done in a similar instance.
Temporary Substitute Automobile
✓ ~: 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?
✓ ~: A dealership loans an insured a vehicle to drive while their car is getting fixed.
Non Owned Automobile
, <<<<< Elscores <<<<<>>>>> 19/08/2024 20:17>>>>>
✓ ~: Not owned by the named insured or any relative.
What is an example of an Non Owned Automobile?
✓ ~: An insured borrows a neighbors car.
If an additional vehicle is not reported to the insurer within 30 days:
✓ ~: No coverage will apply to the added vehicle.
If a vehicle is added to an existing policy (In addition to):
✓ ~: 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:
✓ ~: Part D (Comprehensive and Collision Coverage) will not apply to the replacement
vehicle.
A new vehicle that replaces another vehicle will:
✓ ~: Have the same coverages as the old vehicle if the named insured request to insure it
within 30 days of becoming the owners.
Insured
✓ ~: 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
, <<<<< Elscores <<<<<>>>>> 19/08/2024 20:17>>>>>
✓ ~: 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:
✓ ~: Hull insurance for damage to the insured boat itself
2nd Coverage for watercraft or yacht are:
✓ ~: 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?
✓ ~: 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?
✓ ~: 45 days
Elevation certificates
✓ ~: 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:
✓ ~: 30 days after receipt of the coverage application and the premium payment.
The general property form on flood insurance is used to:
