NC Claims Adjuster Exam Study
NC Claims Adjuster Exam Study
Study online at https://quizlet.com/_3aw90k
1. 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.
2. 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
3. Certificate of Insurance (COI) A document that proves the existence of in-
surance coverage
4. Occurrence Something that continue to happen and may
cause injury later on.
5. Accident A sudden unforseen and unintended one
time event
6. Assumption of risk An individual who is aware of the potential
risk involved and chose to expose themselves
to it.
7. Comparative negligence Measures the amount of negligence con-
tributed to each party. The injured party will
not cover damages equal to the percentage
of negligence they contribute.
8. Contributory Negligence If an insured party contributed to their injury
in anyway due to their own negligence, we
will not pay anything.
1 of 34
, NC Claims Adjuster Exam Study
NC Claims Adjuster Exam Study
Study online at https://quizlet.com/_3aw90k
9. What state is a contributory state? North Carolina
10. Negligence Failure to do (or not do) what a reasonable
prudent person would or would not have
done in a similar instance.
11. 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.
12. What is an example of a Temporary sub- A dealership loans an insured a vehicle to
stitute Automobile? drive while their car is getting fixed.
13. Non Owned Automobile Not owned by the named insured or any rel-
ative.
14. What is an example of an Non Owned An insured borrows a neighbors car.
Automobile?
15. If an additional vehicle is not reported to No coverage will apply to the added vehicle.
the insurer within 30 days:
16. If a vehicle is added to an existing policy It will have the broadest coverage if insured
(In addition to): within 30 days of becoming the owner.
17. If a replacement vehicle is not reported Part D (Comprehensive and Collision Cover-
within 30 days: age) will not apply to the replacement vehi-
cle.
18. A new vehicle that replaces another vehi- Have the same coverages as the old vehicle if
cle will: the named insured request to insure it within
30 days of becoming the owners.
19. Insured
2 of 34
, NC Claims Adjuster Exam Study
NC Claims Adjuster Exam Study
Study online at https://quizlet.com/_3aw90k
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.
20. Named insured Listed on the declarations page. Included a
spouse wether they are named in the policy
or not, provided they live in the same home.
21. 1st Coverage for watercraft or yacht are: Hull insurance for damage to the insured
boat itself
22. 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.
23. What doesn't watercraft or yacht cover- Coverage for boats used for hire, charger, or
age provide? for transporting people for a fee.
24. How many days removal coverage is pro- 45 days
vided on the National Flood Insurance
Program?
25. Elevation certificates Required on dwellings that are written in the
regular program in certain flood zones in or-
der to properly rate the policy.
26. Flood insurance policies become effective 30 days after receipt of the coverage applica-
after: tion and the premium payment.
27. The general property form on flood insur- Insure larger residential structures and non
ance is used to: residential buildings.
3 of 34
, NC Claims Adjuster Exam Study
NC Claims Adjuster Exam Study
Study online at https://quizlet.com/_3aw90k
28. The dwellings form on a flood insurance Used to ensure residential property of no
plan is: more than 4 units and the contents
29. Flood insurance is available in 2 forms, 1. Dwelling
what are they? 2. General property
30. The deductible for an emergency plan ap- Separately to the building loss and contents
plies: if purchased on a per occurrence basis.
31. How much is the deductible on an emer- $1,000 Deductibe
gency plan?
32. The community becomes eligible for a When a community complied with flood con-
regular plan: trol requirements and the extent of the flood
plan has been mapped.
33. What are the 1st definition included in a Overflow of inland or tidal water
flood?
34. What is the 2nd definition included in a Unusual accumulation and run off of surface
flood? waters
35. What is the 3rd definition included in a Mud flows or mudslides in normally dry land
flood? areas
36. What is the 4th definition included in a Abnormal flood related erosion of shorelines
flood?
37. What is a flood? General and temporary conditions of partial
or complete inundation of normally dry land
areas.
38. What is the 1st thing the "write your own" Private insurance companies to sell and ser-
program will allow? vice flood insurance in their own name.
4 of 34
NC Claims Adjuster Exam Study
Study online at https://quizlet.com/_3aw90k
1. 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.
2. 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
3. Certificate of Insurance (COI) A document that proves the existence of in-
surance coverage
4. Occurrence Something that continue to happen and may
cause injury later on.
5. Accident A sudden unforseen and unintended one
time event
6. Assumption of risk An individual who is aware of the potential
risk involved and chose to expose themselves
to it.
7. Comparative negligence Measures the amount of negligence con-
tributed to each party. The injured party will
not cover damages equal to the percentage
of negligence they contribute.
8. Contributory Negligence If an insured party contributed to their injury
in anyway due to their own negligence, we
will not pay anything.
1 of 34
, NC Claims Adjuster Exam Study
NC Claims Adjuster Exam Study
Study online at https://quizlet.com/_3aw90k
9. What state is a contributory state? North Carolina
10. Negligence Failure to do (or not do) what a reasonable
prudent person would or would not have
done in a similar instance.
11. 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.
12. What is an example of a Temporary sub- A dealership loans an insured a vehicle to
stitute Automobile? drive while their car is getting fixed.
13. Non Owned Automobile Not owned by the named insured or any rel-
ative.
14. What is an example of an Non Owned An insured borrows a neighbors car.
Automobile?
15. If an additional vehicle is not reported to No coverage will apply to the added vehicle.
the insurer within 30 days:
16. If a vehicle is added to an existing policy It will have the broadest coverage if insured
(In addition to): within 30 days of becoming the owner.
17. If a replacement vehicle is not reported Part D (Comprehensive and Collision Cover-
within 30 days: age) will not apply to the replacement vehi-
cle.
18. A new vehicle that replaces another vehi- Have the same coverages as the old vehicle if
cle will: the named insured request to insure it within
30 days of becoming the owners.
19. Insured
2 of 34
, NC Claims Adjuster Exam Study
NC Claims Adjuster Exam Study
Study online at https://quizlet.com/_3aw90k
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.
20. Named insured Listed on the declarations page. Included a
spouse wether they are named in the policy
or not, provided they live in the same home.
21. 1st Coverage for watercraft or yacht are: Hull insurance for damage to the insured
boat itself
22. 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.
23. What doesn't watercraft or yacht cover- Coverage for boats used for hire, charger, or
age provide? for transporting people for a fee.
24. How many days removal coverage is pro- 45 days
vided on the National Flood Insurance
Program?
25. Elevation certificates Required on dwellings that are written in the
regular program in certain flood zones in or-
der to properly rate the policy.
26. Flood insurance policies become effective 30 days after receipt of the coverage applica-
after: tion and the premium payment.
27. The general property form on flood insur- Insure larger residential structures and non
ance is used to: residential buildings.
3 of 34
, NC Claims Adjuster Exam Study
NC Claims Adjuster Exam Study
Study online at https://quizlet.com/_3aw90k
28. The dwellings form on a flood insurance Used to ensure residential property of no
plan is: more than 4 units and the contents
29. Flood insurance is available in 2 forms, 1. Dwelling
what are they? 2. General property
30. The deductible for an emergency plan ap- Separately to the building loss and contents
plies: if purchased on a per occurrence basis.
31. How much is the deductible on an emer- $1,000 Deductibe
gency plan?
32. The community becomes eligible for a When a community complied with flood con-
regular plan: trol requirements and the extent of the flood
plan has been mapped.
33. What are the 1st definition included in a Overflow of inland or tidal water
flood?
34. What is the 2nd definition included in a Unusual accumulation and run off of surface
flood? waters
35. What is the 3rd definition included in a Mud flows or mudslides in normally dry land
flood? areas
36. What is the 4th definition included in a Abnormal flood related erosion of shorelines
flood?
37. What is a flood? General and temporary conditions of partial
or complete inundation of normally dry land
areas.
38. What is the 1st thing the "write your own" Private insurance companies to sell and ser-
program will allow? vice flood insurance in their own name.
4 of 34
