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South Carolina Property, Casualty, Surety, And Marine Insurance Adjuster — Information & Free Practice

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South Carolina Property, Casualty, Surety, And Marine Insurance Adjuster

Provider
Pearson VUE
Format
Computer-based written examination; general and state sections belong to one examination
Exam questions
105 total items (100 scored and 5 pretest questions)
Time limit
120 minutes
Passing score
Reported passing score 70; scaled score, not percentage correct
Exam fee
$59
Examination outline
  • SOUTH CAROLINA INSURANCE LAWS AND REGULATIONS PERTINENT TO ALL ADJUSTERS
    • Director’s general duties and powers
    • Licensing requirements
    • Licensing requirements > Qualifications
    • Licensing requirements > Nonresident
    • Licensing requirements > Emergency adjuster permit
    • Maintenance and duration
    • Maintenance and duration > Change of address
    • Disciplinary actions
    • Disciplinary actions > Cease and desist orders
    • Disciplinary actions > Hearings
    • Disciplinary actions > Penalties
    • Claim settlement laws and regulations
    • South Carolina law, regulations and required provisions
    • South Carolina law, regulations and required provisions > South Carolina Property and Casualty Insurance Guaranty Association
    • South Carolina law, regulations and required provisions > Cancellation, nonrenewal and renewal
    • South Carolina law, regulations and required provisions > Insurance fraud act
    • South Carolina law, regulations and required provisions > Arbitration of property damage liability claims
    • South Carolina law, regulations and required provisions > Federal Terrorism Insurance Program
    • South Carolina law, regulations and required provisions > South Carolina Wind and Hail Underwriting Association (SCWHUA)
  • PROPERTY AND CASUALTY INSURANCE TERMS AND RELATED CONCEPTS
    • Insurable interest
    • Peril (named vs open)
    • Hazard (physical, moral, morale)
    • Deductible
    • Indemnity
    • Actual cash value
    • Replacement cost
    • Limits of liability (per occurrence/person, aggregate, split, combined single)
    • Coinsurance
    • Staff/Independent vs public adjuster
    • Other insurance (primary and excess, contribution by equal shares)
    • Liberalization
    • Vacancy and unoccupancy
    • Salvage
    • Abandonment
    • Liability (absolute, strict, vicarious)
    • Negligence, and defenses against
    • Pro-rata liability clause
    • Waiver and Estoppel
    • Market/agreed value vs state amount
    • Territory
  • PROPERTY AND CASUALTY CONTRACT PROVISIONS
    • Declarations
    • Insuring agreement
    • Conditions
    • Exclusions
    • Definitions
    • Duties of the insured after a loss
    • Obligations of the insurance company
    • Mortgagee rights
    • Proof of loss
    • Notice of claim
    • Appraisal
    • Assignment
    • Subrogation
    • Elements of a legal contract
    • Additional (supplementary) payments
    • Loss settlement provisions including consent to settle a loss
    • Endorsements
    • Loss payable clause
    • No benefit to bailee
    • Representations and warranties
  • POLICY KNOWLEDGE PERTINENT TO ADJUSTERS
    • Dwelling
    • Dwelling > Characteristics and purpose
    • Dwelling > Coverage Forms (Basic, Broad, Special)
    • Dwelling > Property Coverages (A-E)
    • Dwelling > Conditions and Exclusions
    • Dwelling > Selected Endorsements
    • Dwelling > Selected Endorsements > Special Provisions – South Carolina
    • Dwelling > Selected Endorsements > Automatic increase in insurance
    • Dwelling > Selected Endorsements > Broad theft coverage
    • Dwelling > Selected Endorsements > Dwelling under construction
    • Dwelling > Personal Liability supplement
    • Homeowners
    • Homeowners > Coverage forms (HO-2 through HO-6 & HO-8)
    • Homeowners > Section I – Property coverages
    • Homeowners > Section II – Liability coverages
    • Homeowners > Exclusions, Conditions, and Endorsements
    • Commercial lines
    • Commercial lines > Commercial Package Policy (CPP)
    • Commercial lines > Commercial property
    • Commercial lines > Commercial property > Building and personal property form
    • Commercial lines > Commercial property > Condominium forms (association/unit-owners)
    • Commercial lines > Commercial property > Causes of loss forms
    • Commercial lines > Commercial property > Builders risk
    • Commercial lines > Commercial property > Business income
    • Commercial lines > Commercial property > Legal liability
    • Commercial lines > Commercial property > Extra expense
    • Commercial lines > Commercial property > Condominium
    • Commercial lines > Commercial property > Conditions and exclusions
    • Commercial lines > Commercial property > Legal Liability
    • Commercial lines > Commercial property > Selected Endorsements (ordinance or law, spoilage, peak season limit of insurance, value reporting form)
    • Commercial lines > Commercial general liability (CGL)
    • Commercial lines > Commercial general liability (CGL) > Bodily injury and property damage liability
    • Commercial lines > Commercial general liability (CGL) > Personal and Advertising injury
    • Commercial lines > Commercial general liability (CGL) > Medical payments
    • Commercial lines > Commercial general liability (CGL) > Premises and Operations
    • Commercial lines > Commercial general liability (CGL) > Products Completed Operations
    • Commercial lines > Commercial general liability (CGL) > Occurrence vs claims-made
    • Commercial lines > Commercial general liability (CGL) > Definitions, Conditions, Exclusions
    • Commercial lines > Equipment Breakdown
    • Commercial lines > Businessowners Policy (BOP)
    • Commercial lines > Businessowners Policy (BOP) > Sections I, II and III.
    • Commercial lines > Businessowners Policy (BOP) > Hired auto and non-owned auto liability
    • Commercial lines > Businessowners Policy (BOP) > Protective safeguards
    • Commercial lines > Businessowners Policy (BOP) > Utility services (direct damage/time element)
    • Commercial Inland marine
    • Commercial Inland marine > Nationwide definition
    • Commercial Inland marine > Commercial Inland marine conditions form
    • Commercial Inland marine > Coverage forms
    • Commercial Inland marine > Coverage forms > Accounts Receivable
    • Commercial Inland marine > Coverage forms > Bailee’s customer
    • Commercial Inland marine > Coverage forms > Commercial articles
    • Commercial Inland marine > Coverage forms > Contractors equipment floater
    • Commercial Inland marine > Coverage forms > Electronic data processing
    • Commercial Inland marine > Coverage forms > Equipment dealers
    • Commercial Inland marine > Coverage forms > Installation floater
    • Commercial Inland marine > Coverage forms > Jewelers block
    • Commercial Inland marine > Coverage forms > Signs
    • Commercial Inland marine > Coverage forms > Valuable papers and records
    • Commercial Inland marine > Transportation coverages
    • Commercial Inland marine > Transportation coverages > Common carrier cargo liability
    • Commercial Inland marine > Transportation coverages > Motor truck cargo forms
    • Commercial Inland marine > Transportation coverages > Transit coverage forms
    • Ocean Marine Insurance
    • Ocean Marine Insurance > Hull
    • Ocean Marine Insurance > Cargo
    • Ocean Marine Insurance > Protection and Indemnity
    • Other coverages and options
    • Other coverages and options > Umbrella/Excess liability (personal/commercial)
    • Other coverages and options > Specialty liability insurance
    • Other coverages and options > Specialty liability insurance > Errors and Omissions
    • Other coverages and options > Specialty liability insurance > Professional
    • Other coverages and options > Specialty liability insurance > Directors and officers
    • Other coverages and options > Specialty liability insurance > Fiduciary
    • Other coverages and options > Specialty liability insurance > Liquor
    • Other coverages and options > Specialty liability insurance > Employment practices
    • Other coverages and options > Surplus Lines (definition and requirements)
    • Other coverages and options > Aviation (aircraft hull and liability)
    • Other coverages and options > National Flood Insurance Program
    • Other coverages and options > Boatowners
    • Other coverages and options > Differences in conditions (DIC)
    • Auto: Personal and Commercial
    • Auto: Personal and Commercial > Liability coverage
    • Auto: Personal and Commercial > Medical Payments
    • Auto: Personal and Commercial > Physical damage (collision, other than collision, comprehensive)
    • Auto: Personal and Commercial > Uninsured/Underinsured motorists
    • Auto: Personal and Commercial > Commercial auto coverage forms (Business auto, Garage, Business auto physical damage, Truckers, Motor Carrier)
    • Auto: Personal and Commercial > Covered autos/insureds
    • Auto: Personal and Commercial > Garagekeepers coverage
    • Auto: Personal and Commercial > South Carolina Motor Vehicle Financial Responsibility Act
    • Auto: Personal and Commercial > Required limits of liability
    • Auto: Personal and Commercial > Selected Endorsements
    • Auto: Personal and Commercial > Selected Endorsements > Amendment of policy provisions — South Carolina
    • Auto: Personal and Commercial > Selected Endorsements > Towing and labor costs
    • Auto: Personal and Commercial > Selected Endorsements > Extended non-owned coverage
    • Auto: Personal and Commercial > Selected Endorsements > Miscellaneous type vehicle
    • Auto: Personal and Commercial > Selected Endorsements > Joint ownership coverage
    • Auto: Personal and Commercial > Selected Endorsements > Lessor — additional insured and loss payee
    • Auto: Personal and Commercial > Selected Endorsements > Mobile equipment
    • Auto: Personal and Commercial > Selected Endorsements > Auto medical payments coverage
    • Auto: Personal and Commercial > Selected Endorsements > Hired autos specified as covered autos you own
    • Auto: Personal and Commercial > Selected Endorsements > Individual named insured
    • Auto: Personal and Commercial > Selected Endorsements > Drive other car coverage (DOC)
    • Farm Coverage
    • Farm Coverage > Farm Property Forms (A-G)
    • Farm Coverage > Farm Liability Forms (H-J)
    • Farm Coverage > Livestock coverage form
    • Farm Coverage > Mobile agriculture machinery and equipment coverage form
    • Surety and Fidelity bonds
    • Surety and Fidelity bonds > Parties to surety bonds
    • Surety and Fidelity bonds > Surety bond versus insurance
    • Surety and Fidelity bonds > Surety bond types
    • Surety and Fidelity bonds > Surety bond types > contract
    • Surety and Fidelity bonds > Surety bond types > license and permit
    • Surety and Fidelity bonds > Surety bond types > public official
    • Surety and Fidelity bonds > Surety bond types > judicial
    • Surety and Fidelity bonds > Surety bond types > fiduciary
    • Surety and Fidelity bonds > Nature of Fidelity bonds
    • Surety and Fidelity bonds > Fidelity bond types
    • Surety and Fidelity bonds > Fidelity bond types > employee theft
    • Surety and Fidelity bonds > Fidelity bond types > financial institution
    • Surety and Fidelity bonds > Fidelity bond types > public employee
    • Commercial Crime coverage
    • Commercial Crime coverage > Burglary, theft, and robbery defined
    • Commercial Crime coverage > Commercial/Governmental crime coverage forms (discovery/loss sustained)
    • Commercial Crime coverage > Employee theft coverage
    • Commercial Crime coverage > Forgery or alteration coverage
    • Commercial Crime coverage > Inside the premises — theft of money and securities coverage
    • Commercial Crime coverage > Inside the premises — robbery or safe burglary of other property coverage
    • Commercial Crime coverage > Outside the premises
    • Commercial Crime coverage > Computer fraud
    • Commercial Crime coverage > Funds transfer fraud
    • Commercial Crime coverage > Money orders and counterfeit money
    • Commercial Crime coverage > Extortion – commercial entities
    • Worker’s Compensation
    • Worker’s Compensation > Monopolistic versus competitive
    • Worker’s Compensation > Compulsory versus elective
    • Worker’s Compensation > South Carolina Workers’ Compensation Law
    • Worker’s Compensation > South Carolina Workers’ Compensation Law > Exclusive remedy
    • Worker’s Compensation > South Carolina Workers’ Compensation Law > Employment covered (required, voluntary) .. Ref: RL 42-1-130–150, 310, 360
    • Worker’s Compensation > South Carolina Workers’ Compensation Law > Covered injuries
    • Worker’s Compensation > South Carolina Workers’ Compensation Law > Occupational disease
    • Worker’s Compensation > South Carolina Workers’ Compensation Law > Benefits provided
    • Worker’s Compensation > South Carolina Workers’ Compensation Law > South Carolina Workers' Compensation Uninsured Employers' Fund
    • Worker’s Compensation > Workers compensation and employers liability insurance policy
    • Worker’s Compensation > Workers compensation and employers liability insurance policy > Part One - Workers compensation insurance
    • Worker’s Compensation > Workers compensation and employers liability insurance policy > Part Two - Employers liability insurance
    • Worker’s Compensation > Workers compensation and employers liability insurance policy > Part Three - Other states insurance
    • Worker’s Compensation > Workers compensation and employers liability insurance policy > Part Four - Your duties if injury occurs
    • Worker’s Compensation > Workers compensation and employers liability insurance policy > Part Five - Premium
    • Worker’s Compensation > Workers compensation and employers liability insurance policy > Part Six - Conditions
    • Worker’s Compensation > Workers compensation and employers liability insurance policy > Voluntary compensation endorsement
    • Worker’s Compensation > Sources of coverage
    • Worker’s Compensation > Sources of coverage > Self-insured employers/funds
    • Worker’s Compensation > Sources of coverage > Voluntary market
    • Worker’s Compensation > Sources of coverage > Captive companies
  • ADJUSTER DUTIES AND RESPONSIBILITIES
    • Claim investigation
    • Claim investigation > Inception/Expiration Date
    • Claim investigation > Occurrence Date
    • Claim investigation > Identification of Parties Involved
    • Claim investigation > Policy Form/Number
    • Claim investigation > Description of Proof of Loss
    • Claim investigation > Coverages and deductibles
    • Claim investigation > Physical evidence and witness statements
    • Claim investigation > Production of books and records
    • Loss/Damage Valuation
    • Loss/Damage Valuation > Direct Loss vs. Indirect Loss
    • Loss/Damage Valuation > Damages (Compensatory, punitive)
    • Loss/Damage Valuation > Value of intangible damages
    • Loss/Damage Valuation > Estimates
    • Loss/Damage Valuation > Depreciation
    • Loss/Damage Valuation > Reports
    • Claim adjustment procedures
    • Claim adjustment procedures > Coverage dispute resolution
    • Claim adjustment procedures > Payment release
Examination sources