Free Practice Questions for SC Claims Adjuster

South Carolina Insurance Laws and Regulations Pertinent to All Adjusters

Director's duties and powers, licensing, license maintenance, disciplinary actions, claim settlement laws, the property and casualty guaranty association, cancellation and nonrenewal, the insurance fraud act, arbitration of property damage liability claims, the federal terrorism program, and the South Carolina Wind and Hail Underwriting Association

Property and Casualty Insurance Terms and Related Concepts

Insurable interest, perils, hazards, deductibles, indemnity, actual cash value, replacement cost, limits of liability, coinsurance, adjuster types, other insurance, liberalization, vacancy, salvage, abandonment, liability and negligence, waiver and estoppel, and valuation

Property and Casualty Contract Provisions

Declarations, insuring agreement, conditions, exclusions, definitions, duties after a loss, mortgagee rights, proof of loss, notice of claim, appraisal, assignment, subrogation, supplementary payments, loss settlement, endorsements and loss payable clauses

Policy Knowledge Pertinent to Adjusters

Dwelling and homeowners forms, commercial package, property, general liability, equipment breakdown and businessowners policies, inland and ocean marine, umbrella and specialty liability, surplus lines, aviation, flood, personal and commercial auto, farm coverage, surety and fidelity bonds, commercial crime, and workers' compensation

Adjuster Duties and Responsibilities

Claim investigation, loss and damage valuation including direct versus indirect loss, estimates and depreciation, and claim adjustment procedures such as coverage dispute resolution and payment release