Nc Claims Adjuster Exam Study Guide Pdf

OTC coverage for a non-owned trailer has a limit of: {Ans: $1500 coverage limit}What is a warranty? {Ans: Statements guaranteed as accuracy for both past and future events.}What is the 2nd definition included in a flood? {Ans: Unusual accumulation and run off of surface waters}NC rate bureau rates are proposed to be: {Ans: Adequate Not excessive not unfairly discriminitory}Res Gestae {Ans: Excited utterance}Loss conditions for 30 days or less is? {Ans: 40% coverage?}Other than collision claims settlement is handled on a: {Ans: ACV basis}What 3 accounts should the Post assessment Insurance Guaranty Association maintain? {Ans: Automobile insurance Workers compensation All other coverages subject to the association}2nd Coverage for watercraft or yacht are: {Ans: Protection and indemnity liability coverage for BI and PD exposures for damage to other people or other peoples boats.}What are supplementary payments? {Ans: In additional to the limits of liability.}