NC Claims Adjuster Exam Study Questions With Correct Answers

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 da