NC Claims Adjuster Exam Study With 304
Questions and answers RATED A+ Newest
Liability Insurance PAP (Part A) - Correct Answers Pays all the sums and insured must legally pay
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
as damage due to BI/PD caused by an accident and resulting from the ownership, maintenance or
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
use of a covered auto.
II! II! II! II! II!
II! Coverage Part A through F of a PAP - Correct Answers A. Liability
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
B. Medical Payments
II! II!
C. UM/UIM II!
D. Physical Damage
II! II!
E. Insured Duties
II! II!
F. General Provisions
II! II!
II! Certificate of Insurance (COI) - Correct Answers A document that proves the existence of
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! insurance coverage II!
II! Occurrence - Correct Answers Something that continue to happen and may cause injury later
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! on.
II! Accident - Correct Answers A sudden unforseen and unintended one time event
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Assumption of risk - Correct Answers An individual who is aware of the potential risk involved
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! and chose to expose themselves to it.
II! II! II! II! II! II!
II! Comparative negligence - Correct Answers Measures the amount of negligence contributed to II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! each party. The injured party will not cover damages equal to the percentage of negligence they
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! contribute.
,II! Contributory Negligence - Correct Answers If an insured party contributed to their injury inII! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! anyway due to their own negligence, we will not pay anything.
II! II! II! II! II! II! II! II! II! II!
II! What state is a contributory state? - Correct Answers North Carolina
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Negligence - Correct Answers Failure to do (or not do) what a reasonable prudent person
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! would or would not have done in a similar instance.
II! II! II! II! II! II! II! II! II!
II! Temporary Substitute Automobile - Correct Answers Not owned by the named insured but
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! used temporarily as a substitute for the owned auto that is not currently being used.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! What is an example of a Temporary substitute Automobile? - Correct Answers A dealership
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! loans an insured a vehicle to drive while their car is getting fixed.
II! II! II! II! II! II! II! II! II! II! II! II!
II! Non Owned Automobile - Correct Answers Not owned by the named insured or any relative.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! What is an example of an Non Owned Automobile? - Correct Answers An insured borrows a
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! neighbors car. II!
II! If an additional vehicle is not reported to the insurer within 30 days: - Correct Answers No
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! coverage will apply to the added vehicle. II! II! II! II! II! II!
II! If a vehicle is added to an existing policy (In addition to): - Correct Answers It will have the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! broadest coverage if insured within 30 days of becoming the owner.
II! II! II! II! II! II! II! II! II! II!
II! If a replacement vehicle is not reported within 30 days: - Correct Answers Part D
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! (Comprehensive and Collision Coverage) will not apply to the replacement vehicle. II! II! II! II! II! II! II! II! II! II!
,II! A new vehicle that replaces another vehicle will: - Correct Answers Have the same coverages as
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! the old vehicle if the named insured request to insure it within 30 days of becoming the owners.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Insured - Correct Answers Any blood relative by marriage, adoption, wards, foster children,
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! living in the same home, including children away at college. Also, any person using someones car
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! with their permission. II! II!
II! Named insured - Correct Answers Listed on the declarations page. Included a spouse wether
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! they are named in the policy or not, provided they live in the same home.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! 1st Coverage for watercraft or yacht are: - Correct Answers Hull insurance for damage to the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! insured boat itself II! II!
II! 2nd Coverage for watercraft or yacht are: - Correct Answers Protection and indemnity liability
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! coverage for BI and PD exposures for damage to other people or other peoples boats.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! What doesn't watercraft or yacht coverage provide? - Correct Answers Coverage for boats used
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! for hire, charger, or for transporting people for a fee.
II! II! II! II! II! II! II! II! II!
II! How many days removal coverage is provided on the National Flood Insurance Program? -
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers 45 days II! II! II! II! II! II! II!
II! Elevation certificates - Correct Answers Required on dwellings that are written in the regular
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! program in certain flood zones in order to properly rate the policy. II! II! II! II! II! II! II! II! II! II! II!
II! Flood insurance policies become effective after: - Correct Answers 30 days after receipt of the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! coverage application and the premium payment. II! II! II! II! II!
, II! The general property form on flood insurance is used to: - Correct Answers Insure larger
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! residential structures and non residential buildings. II! II! II! II! II!
II! The dwellings form on a flood insurance plan is: - Correct Answers Used to ensure residential
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! property of no more than 4 units and the contents
II! II! II! II! II! II! II! II! II!
II! Flood insurance is available in 2 forms, what are they? - Correct Answers 1. Dwelling
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
2. General property
II! II!
II! The deductible for an emergency plan applies: - Correct Answers Separately to the building loss
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! and contents if purchased on a per occurrence basis.
II! II! II! II! II! II! II! II!
II! How much is the deductible on an emergency plan? - Correct Answers $1,000 Deductibe
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! The community becomes eligible for a regular plan: - Correct Answers When a community
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! complied with flood control requirements and the extent of the flood plan has been mapped.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! What are the 1st definition included in a flood? - Correct Answers Overflow of inland or tidal
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! water
II! What is the 2nd definition included in a flood? - Correct Answers Unusual accumulation and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! run off of surface waters
II! II! II! II!
II! What is the 3rd definition included in a flood? - Correct Answers Mud flows or mudslides in
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! normally dry land areas II! II! II!
II! What is the 4th definition included in a flood? - Correct Answers Abnormal flood related
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! erosion of shorelines II! II!
Questions and answers RATED A+ Newest
Liability Insurance PAP (Part A) - Correct Answers Pays all the sums and insured must legally pay
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
as damage due to BI/PD caused by an accident and resulting from the ownership, maintenance or
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
use of a covered auto.
II! II! II! II! II!
II! Coverage Part A through F of a PAP - Correct Answers A. Liability
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
B. Medical Payments
II! II!
C. UM/UIM II!
D. Physical Damage
II! II!
E. Insured Duties
II! II!
F. General Provisions
II! II!
II! Certificate of Insurance (COI) - Correct Answers A document that proves the existence of
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! insurance coverage II!
II! Occurrence - Correct Answers Something that continue to happen and may cause injury later
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! on.
II! Accident - Correct Answers A sudden unforseen and unintended one time event
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Assumption of risk - Correct Answers An individual who is aware of the potential risk involved
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! and chose to expose themselves to it.
II! II! II! II! II! II!
II! Comparative negligence - Correct Answers Measures the amount of negligence contributed to II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! each party. The injured party will not cover damages equal to the percentage of negligence they
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! contribute.
,II! Contributory Negligence - Correct Answers If an insured party contributed to their injury inII! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! anyway due to their own negligence, we will not pay anything.
II! II! II! II! II! II! II! II! II! II!
II! What state is a contributory state? - Correct Answers North Carolina
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Negligence - Correct Answers Failure to do (or not do) what a reasonable prudent person
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! would or would not have done in a similar instance.
II! II! II! II! II! II! II! II! II!
II! Temporary Substitute Automobile - Correct Answers Not owned by the named insured but
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! used temporarily as a substitute for the owned auto that is not currently being used.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! What is an example of a Temporary substitute Automobile? - Correct Answers A dealership
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! loans an insured a vehicle to drive while their car is getting fixed.
II! II! II! II! II! II! II! II! II! II! II! II!
II! Non Owned Automobile - Correct Answers Not owned by the named insured or any relative.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! What is an example of an Non Owned Automobile? - Correct Answers An insured borrows a
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! neighbors car. II!
II! If an additional vehicle is not reported to the insurer within 30 days: - Correct Answers No
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! coverage will apply to the added vehicle. II! II! II! II! II! II!
II! If a vehicle is added to an existing policy (In addition to): - Correct Answers It will have the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! broadest coverage if insured within 30 days of becoming the owner.
II! II! II! II! II! II! II! II! II! II!
II! If a replacement vehicle is not reported within 30 days: - Correct Answers Part D
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! (Comprehensive and Collision Coverage) will not apply to the replacement vehicle. II! II! II! II! II! II! II! II! II! II!
,II! A new vehicle that replaces another vehicle will: - Correct Answers Have the same coverages as
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! the old vehicle if the named insured request to insure it within 30 days of becoming the owners.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Insured - Correct Answers Any blood relative by marriage, adoption, wards, foster children,
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! living in the same home, including children away at college. Also, any person using someones car
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! with their permission. II! II!
II! Named insured - Correct Answers Listed on the declarations page. Included a spouse wether
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! they are named in the policy or not, provided they live in the same home.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! 1st Coverage for watercraft or yacht are: - Correct Answers Hull insurance for damage to the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! insured boat itself II! II!
II! 2nd Coverage for watercraft or yacht are: - Correct Answers Protection and indemnity liability
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! coverage for BI and PD exposures for damage to other people or other peoples boats.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! What doesn't watercraft or yacht coverage provide? - Correct Answers Coverage for boats used
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! for hire, charger, or for transporting people for a fee.
II! II! II! II! II! II! II! II! II!
II! How many days removal coverage is provided on the National Flood Insurance Program? -
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers 45 days II! II! II! II! II! II! II!
II! Elevation certificates - Correct Answers Required on dwellings that are written in the regular
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! program in certain flood zones in order to properly rate the policy. II! II! II! II! II! II! II! II! II! II! II!
II! Flood insurance policies become effective after: - Correct Answers 30 days after receipt of the
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! coverage application and the premium payment. II! II! II! II! II!
, II! The general property form on flood insurance is used to: - Correct Answers Insure larger
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! residential structures and non residential buildings. II! II! II! II! II!
II! The dwellings form on a flood insurance plan is: - Correct Answers Used to ensure residential
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! property of no more than 4 units and the contents
II! II! II! II! II! II! II! II! II!
II! Flood insurance is available in 2 forms, what are they? - Correct Answers 1. Dwelling
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
2. General property
II! II!
II! The deductible for an emergency plan applies: - Correct Answers Separately to the building loss
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! and contents if purchased on a per occurrence basis.
II! II! II! II! II! II! II! II!
II! How much is the deductible on an emergency plan? - Correct Answers $1,000 Deductibe
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! The community becomes eligible for a regular plan: - Correct Answers When a community
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! complied with flood control requirements and the extent of the flood plan has been mapped.
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! What are the 1st definition included in a flood? - Correct Answers Overflow of inland or tidal
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! water
II! What is the 2nd definition included in a flood? - Correct Answers Unusual accumulation and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! run off of surface waters
II! II! II! II!
II! What is the 3rd definition included in a flood? - Correct Answers Mud flows or mudslides in
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! normally dry land areas II! II! II!
II! What is the 4th definition included in a flood? - Correct Answers Abnormal flood related
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! erosion of shorelines II! II!
