NC Claims Adjuster Exam Study ||304 questions|| with correct answers

Liability Insurance PAP (Part A) CORRECT ANS 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 CORRECT ANS A. Liability B. Medical Payments C. UM/UIM D. Physical Damage E. Insured Duties F. General Provisions Certificate of Insurance (COI) CORRECT ANS A document that proves the existence of insurance coverage Occurrence CORRECT ANS Something that continue to happen and may cause injury later on. Accident CORRECT ANS A sudden unforeseen and unintended one-time event Assumption of risk CORRECT ANS an individual who is aware of the potential risk involved and chose to expose themselves to it. Comparative negligence CORRECT ANS 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 CORRECT ANS If an insured party contributed to their injury in anyway due to their own negligence, we will not pay anything.