11/26/24, 4:57 PM NC CLAIMS ADJUSTER EXAM 2024 NEWEST EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH …
NC CLAIMS ADJUSTER EXAM 2024 NEWEST
EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE 400 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ ALREADY GRADED A+
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Studied 7 terms
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Terms in this set (206)
https://quizlet.com/976547797/nc-claims-adjuster-exam-2024-newest-exam-2-versions-version-a-and-b-complete-400-questions-with-detailed-verifie… 1/38
,11/26/24, 4:57 PM NC CLAIMS ADJUSTER EXAM 2024 NEWEST EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH …
Frank owned a home that D. All listed interests
was destroyed by a Remember that the insurer is not responsible to know
hurricane. Both ABC and the degrees of interest. In the event of a loss, one
XYZ Banks were listed as payment is made by the insurer and it is up to the
additional interests on his additional interests on working out their share.
homeowner policy. The
insurance company will
make a payment to:
A. The first mortgagee,
ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests
Insurance applies A. Severability
separately to each insured
as if other insureds did not
exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above
Property insurance B. Abandonment
policies usually contain
a(n) __________ clause, stating
the insured cannot dump
damaged property on the
insurer and demand its full
value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above
https://quizlet.com/976547797/nc-claims-adjuster-exam-2024-newest-exam-2-versions-version-a-and-b-complete-400-questions-with-detailed-verifie… 2/38
,11/26/24, 4:57 PM NC CLAIMS ADJUSTER EXAM 2024 NEWEST EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH …
A(n) __________ is one D. Insurable Interest
wherein economic loss
would be suffered from an
adverse happening to the
subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest
States that if the insurer D. Liberalization
adopts a revision which The time frame is typically 60 days.
would broaden coverage
without additional
premium within some
period of time prior to the
policy period or during
the policy period, the
insured receives the
benefit of such broadened
coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization
https://quizlet.com/976547797/nc-claims-adjuster-exam-2024-newest-exam-2-versions-version-a-and-b-complete-400-questions-with-detailed-verifie… 3/38
, 11/26/24, 4:57 PM NC CLAIMS ADJUSTER EXAM 2024 NEWEST EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH …
The __________ states that A. Doctrine of Proximate Cause
when there is an unbroken For example, if a property insurance policy covers the
connection between an peril of fire but further damage is caused by smoke,
occurrence and damage water used to extinguish, and the process of moving
that grows out of the property away - fire is considered to be the
occurrence, then the proximate cause of all of the damage.
resultant damage is all a
part of the occurrence.
A. Doctrine of Proximate
Cause
B. Doctrine of Perils &
Hazards
C. Insurance Policy
Handbook
D. Doctrine of Property
Insurance
The Loss Settlement A. Actual Cash Value
Valuation that subtracts an
allowance for
depreciation is defined
as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
A policy condition, either A. Warranty
based on information in
the insured's application
or inserted by the insurer,
is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
https://quizlet.com/976547797/nc-claims-adjuster-exam-2024-newest-exam-2-versions-version-a-and-b-complete-400-questions-with-detailed-verifie… 4/38
NC CLAIMS ADJUSTER EXAM 2024 NEWEST
EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE 400 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ ALREADY GRADED A+
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (206)
https://quizlet.com/976547797/nc-claims-adjuster-exam-2024-newest-exam-2-versions-version-a-and-b-complete-400-questions-with-detailed-verifie… 1/38
,11/26/24, 4:57 PM NC CLAIMS ADJUSTER EXAM 2024 NEWEST EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH …
Frank owned a home that D. All listed interests
was destroyed by a Remember that the insurer is not responsible to know
hurricane. Both ABC and the degrees of interest. In the event of a loss, one
XYZ Banks were listed as payment is made by the insurer and it is up to the
additional interests on his additional interests on working out their share.
homeowner policy. The
insurance company will
make a payment to:
A. The first mortgagee,
ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests
Insurance applies A. Severability
separately to each insured
as if other insureds did not
exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above
Property insurance B. Abandonment
policies usually contain
a(n) __________ clause, stating
the insured cannot dump
damaged property on the
insurer and demand its full
value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above
https://quizlet.com/976547797/nc-claims-adjuster-exam-2024-newest-exam-2-versions-version-a-and-b-complete-400-questions-with-detailed-verifie… 2/38
,11/26/24, 4:57 PM NC CLAIMS ADJUSTER EXAM 2024 NEWEST EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH …
A(n) __________ is one D. Insurable Interest
wherein economic loss
would be suffered from an
adverse happening to the
subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest
States that if the insurer D. Liberalization
adopts a revision which The time frame is typically 60 days.
would broaden coverage
without additional
premium within some
period of time prior to the
policy period or during
the policy period, the
insured receives the
benefit of such broadened
coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization
https://quizlet.com/976547797/nc-claims-adjuster-exam-2024-newest-exam-2-versions-version-a-and-b-complete-400-questions-with-detailed-verifie… 3/38
, 11/26/24, 4:57 PM NC CLAIMS ADJUSTER EXAM 2024 NEWEST EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH …
The __________ states that A. Doctrine of Proximate Cause
when there is an unbroken For example, if a property insurance policy covers the
connection between an peril of fire but further damage is caused by smoke,
occurrence and damage water used to extinguish, and the process of moving
that grows out of the property away - fire is considered to be the
occurrence, then the proximate cause of all of the damage.
resultant damage is all a
part of the occurrence.
A. Doctrine of Proximate
Cause
B. Doctrine of Perils &
Hazards
C. Insurance Policy
Handbook
D. Doctrine of Property
Insurance
The Loss Settlement A. Actual Cash Value
Valuation that subtracts an
allowance for
depreciation is defined
as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
A policy condition, either A. Warranty
based on information in
the insured's application
or inserted by the insurer,
is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
https://quizlet.com/976547797/nc-claims-adjuster-exam-2024-newest-exam-2-versions-version-a-and-b-complete-400-questions-with-detailed-verifie… 4/38
