1. North Carolina is one of the few states that follows which rule that can bar a plaintiff's recovery if the plaintiff is even slightly at fault?

Pure contributory negligence

North Carolina applies the traditional pure contributory negligence rule: a plaintiff who is even partially at fault generally cannot recover damages, a key consideration in liability claims.

2. For property insurance, insurable interest must exist:

At the time of loss

In property insurance, the insured must have an insurable interest at the time of loss in order to collect, reflecting the principle of indemnity.

3. The principle of indemnity means a property insurance recovery should generally:

Restore the insured to the financial position before the loss without profit

Indemnity limits recovery to the actual loss so the insured is restored, not enriched, preventing profiting from an insured loss.

4. After paying a claim, an insurer's right to recover from a responsible third party is called:

Subrogation

Subrogation allows the insurer, after indemnifying the insured, to pursue recovery from the party legally responsible for the loss.