Nc Adjuster Exam

All of the following are elements of a valid contract, EXCEPT: A. Consideration B. Executory condition C. Offer and acceptance D. Competent parties {Ans: B. Executory condition}A doctrine stating that if loss or damage to property occurs as a result of 2 or more causes, and 1 cause is covered under the policy but the other cause is not covered, the damages will likely be compensated by the insurer, is known as: A. Coinsurance B. Indirect loss coverage C. Concurrent causation D. Loss settlement {Ans: C. Concurrent causation}All of the following would be covered under Coverage F - Medical Payments to Others, EXCEPT: A. The insured's son falls off the deck at the insured premises and breaks his arm B. The insured's sister-in-law comes for a visit. As she is leaving the covered premises, she smashes her finger in the front door and needs stitches C. The paper boy is delivering the newspaper to the insured's home, slips on the ice covering the insured's sidewalk and breaks his leg D. The insured's housekeeper, who is not covered under Workers Compensation, falls while cleaning the kitchen and chips a tooth on the countertop as she falls {Ans: A.