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NC CLAIMS ADJUSTER EXAM STUDY EXAM (ACTUAL EXAM) WITH QUESTIONS WITH VERY ELABORATED ANSWERS CORRECTRY WELL ORGANIZED LATEST 2024 – 2025 ALREADY GRADED A+$13.99
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NC CLAIMS ADJUSTER EXAM STUDY EXAM (ACTUAL EXAM) WITH QUESTIONS WITH VERY ELABORATED ANSWERS CORRECTRY WELL ORGANIZED LATEST 2024 – 2025 ALREADY GRADED A+
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Course
NC CLAIMS ADJUSTER
Institution
NC CLAIMS ADJUSTER
NC CLAIMS ADJUSTER EXAM STUDY EXAM (ACTUAL EXAM) WITH QUESTIONS WITH VERY ELABORATED ANSWERS CORRECTRY WELL ORGANIZED LATEST 2024 – 2025 ALREADY GRADED A+
NC CLAIMS ADJUSTER EXAM STUDY EXAM
(ACTUAL EXAM) WITH QUESTIONS WITH
VERY ELABORATED ANSWERS CORRECTRY
WELL ORGANIZED LATEST 2024 – 2025
ALREADY GRADED A+
What are the 3 ways a CGL can pay claims? - ANSWERS-Can pay as primary
Can pay in excess
Can pay equally with the other insurer until the claim is paid or the limit of the
policy is reached.
The 4 coverages for CGL are: - ANSWERS-PD
BI
PI (defamation, libel, slander)
Advertising injuries (wrongs to a business)
,Supplementary payments n a CGL will pay up to : - ANSWERS-$250 per day for
earnings lost by the named insured.
NC workers compensation provides coverage for business employing: - ANSWERS-
3 or more people except for agricultural employers with less than 10 people are
exempt.
Workers compensation provides - ANSWERS-A fair and equitable compensation
for bodily injury and disease arising out of, and the course of, employment.
Accident - ANSWERS-A sudden unforseen and unintended one time event
Assumption of risk - ANSWERS-An individual who is aware of the potential risk
involved and chose to expose themselves to it.
Comparative negligence - ANSWERS-Measures the amount of negligence
contributed to each party. The injured party will not cover damages equal to the
percentage of negligence they contribute.
Liability Insurance PAP (Part A) - ANSWERS-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 - ANSWERS-A. Liability
B. Medical Payments
,C. UM/UIM
D. Physical Damage
E. Insured Duties
F. General Provisions
Certificate of Insurance (COI) - ANSWERS-A document that proves the existence of
insurance coverage
Occurrence - ANSWERS-Something that continue to happen and may cause injury
later on.
Contributory Negligence - ANSWERS-If an insured party contributed to their injury
in anyway due to their own negligence, we will not pay anything.
What state is a contributory state? - ANSWERS-North Carolina
Negligence - ANSWERS-Failure to do (or not do) what a reasonable prudent
person would or would not have done in a similar instance.
Temporary Substitute Automobile - ANSWERS-Not owned by the named insured
but used temporarily as a substitute for the owned auto that is not currently
being used.
, What is an example of a Temporary substitute Automobile? - ANSWERS-A
dealership loans an insured a vehicle to drive while their car is getting fixed.
Non Owned Automobile - ANSWERS-Not owned by the named insured or any
relative.
What is an example of an Non Owned Automobile? - ANSWERS-An insured
borrows a neighbors car.
If an additional vehicle is not reported to the insurer within 30 days: - ANSWERS-
No coverage will apply to the added vehicle.
If a vehicle is added to an existing policy (In addition to): - ANSWERS-It will have
the broadest coverage if insured within 30 days of becoming the owner.
If a replacement vehicle is not reported within 30 days: - ANSWERS-Part D
(Comprehensive and Collision Coverage) will not apply to the replacement
vehicle.
A new vehicle that replaces another vehicle will: - ANSWERS-Have the same
coverages as the old vehicle if the named insured request to insure it within 30
days of becoming the owners.
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