Exam (elaborations)
NC Claims Adjuster Exam Study Guide/304 Q and A /Guaranteed A+ Guide Solution.
- Course
- Institution
NC Claims Adjuster Exam Study Guide/304 Q and A /Guaranteed A+ Guide Solution.
[Show more]
Seller
Follow
NurseSallyD
Reviews received
Content preview
NC Claims Adjuster Exam StudyGuide/304 Q and A /Guaranteed A+
Guide Solution
Liability Insurance PAP (Part A) - -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 - -A. Liability
B. Medical Payments
C. UM/UIM
D. Physical Damage
E. Insured Duties
F. General Provisions
-Certificate of Insurance (COI) - -A document that proves the
existence of insurance coverage
-Occurrence - -Something that continue to happen and may
cause injury later on.
-Accident - -A sudden unforseen and unintended one time event
-Assumption of risk - -An individual who is aware of the
potential risk involved and chose to expose themselves to it.
-Comparative negligence - -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 - -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? - -North Carolina
, -Negligence - -Failure to do (or not do) what a reasonable
prudent person would or would not have done in a similar
instance.
-Temporary Substitute Automobile - -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? - -A
dealership loans an insured a vehicle to drive while their car is
getting fixed.
-Non Owned Automobile - -Not owned by the named insured or
any relative.
-What is an example of an Non Owned Automobile? - -An
insured borrows a neighbors car.
-If an additional vehicle is not reported to the insurer within 30
days: - -No coverage will apply to the added vehicle.
-If a vehicle is added to an existing policy (In addition to): - -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: - -Part
D (Comprehensive and Collision Coverage) will not apply to the
replacement vehicle.
-A new vehicle that replaces another vehicle will: - -Have the
same coverages as the old vehicle if the named insured request
to insure it within 30 days of becoming the owners.
-Insured - -Any blood relative by marriage, adoption, wards,
foster children, living in the same home, including children away
at college. Also, any person using someones car with their
permission.
-Named insured - -Listed on the declarations page. Included a
spouse wether they are named in the policy or not, provided they
live in the same home.
, -1st Coverage for watercraft or yacht are: - -Hull insurance for
damage to the insured boat itself
-2nd Coverage for watercraft or yacht are: - -Protection and
indemnity liability coverage for BI and PD exposures for damage
to other people or other peoples boats.
-What doesn't watercraft or yacht coverage provide? - -
Coverage for boats used for hire, charger, or for transporting
people for a fee.
-How many days removal coverage is provided on the National
Flood Insurance Program? - -45 days
-Elevation certificates - -Required on dwellings that are written
in the regular program in certain flood zones in order to properly
rate the policy.
-Flood insurance policies become effective after: - -30 days after
receipt of the coverage application and the premium payment.
-The general property form on flood insurance is used to: - -
Insure larger residential structures and non residential buildings.
-The dwellings form on a flood insurance plan is: - -Used to
ensure residential property of no more than 4 units and the
contents
-Flood insurance is available in 2 forms, what are they? - -1.
Dwelling
2. General property
-The deductible for an emergency plan applies: - -Separately to
the building loss and contents if purchased on a per occurrence
basis.
-How much is the deductible on an emergency plan? - -$1,000
Deductibe
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseSallyD. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now