NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATEST ACTUAL EXAM 130+ QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
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NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATEST ACTUAL EXAM 130+ QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)-NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATEST ACTUAL EXAM 130+ QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)-NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATE...
NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATEST 2024-2025 ACTUAL EXAM 130+ QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
Manny is purchasing a Commercial Property policy with a Business Income form
included. Manny can select from any of the following as a method to provide
coverage, while avoiding the coinsurance requirement, EXCEPT: - correct
answerThe maximum monthly limit of indemnity optional coverage
The traditional definition of actual cash value (ACV) is: - correct
answerReplacement cost minus depreciation
Sam and Dan are working to clean out the gutters around the roof on Sam's
house. Sam and Dan are standing at the top of separate ladders that are propped
against the side of Sam's house, when Dan's ladder begins to wobble and
ultimately falls into Sam's ladder. Both men and their ladders crash to the ground.
Whose injuries will be covered by Sam's Homeowners policy under Coverage E -
Personal Liability? - correct answerOnly Dan's injuries would be covered
Torts that can be covered by insurance policies include all of the following,
EXCEPT: - correct answerIntentional torts purposely committed to cause harm to
another.
The insured has a $1,000,000 personal umbrella policy with a $5,000 retention
limit. For a $7,000 liability loss not covered under the insured's personal auto
policy, but covered under the umbrella policy, the insurance company would pay:
- correct answer$2,000
All of the following is considered an "insured" under a CGL policy, EXCEPT: -
correct answerLawyers of the named insured
What specific type of liability policy gives an owner protection against liability
claims arising out of the acts of its independent contractors? - correct
answerOwners and Contractors Protective Liability Policy.
Which of the following would be eligible for coverage under a Businessowners
policy? - correct answerA small retail store
Which of the following is NOT a correct statement in determining the cost of a
"comparable automobile" when a physical damage loss has a occurred? - correct
answerThe cost of a comparable automobile as determined by a computerized
,NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATEST 2024-2025 ACTUAL EXAM 130+ QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
automobile valuation service that produces statistically valid fair market values
within the United States market
All of the following statements are TRUE of North Carolina automobile liability
policies, EXCEPT - correct answerIf the insured carries limits greater than the
minimum financial responsibility limits required by state law, they are not
required to carry Uninsured/Underinsured Motorists coverage.
The basic limit for Coverage F -- Medical Payments of the standard Homeowners
forms is: - correct answer$1,000 per person
Oliver Dogwood was in an auto accident which destroyed his car. While
investigating the accident, Adjuster Doright found that Mr. Dogwood paid $1,000
for the vehicle. After checking with others he found the same vehicle with an
asking price of $1,700, a retail price of $2,150 and a dealer price of $1,750. What
amount will Mr. Dogwood receive? - correct answer$2,150
When a claims representative is collecting information from a third-party
claimant, which of the following is the information that should be obtained first? -
correct answerThe nature and extent of the injuries or property damage claimed.
The Business Auto uses Symbol 7 to cover "specifically described autos" identified
in the declarations. An auto acquired during the policy period will only be
covered: - correct answerIf the insured insures all of their vehicles with the
company or it replaces a covered auto..
What coverage under the BOP automatically applies if a customer slips and falls
on the named insured's premises, regardless of legal liability? - correct
answerMedical expense coverage
When an insurer is called upon to defend a suit under a CGL policy, the amount
that can be paid for the defense costs is: - correct answerNot limited
Any North Carolina lender in making or servicing real estate mortgage or deed of
trust loans on one to four family residences must accept a binder as proof of
insurance. The binder presented to the lender must include all of the following,
, NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATEST 2024-2025 ACTUAL EXAM 130+ QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
EXCEPT - correct answerA sworn statement that the insurance will be kept in
force.
Which of the following statements is TRUE concerning Part A - Liability coverage
on a standard Personal Automobile policy? - correct answerThe coverage is
provided only for accidents caused by those who are "insureds" under the policy..
Which of the following is NOT a reason to purchase a Dwelling policy instead of a
Homeowners policy? - correct answerThe Dwelling policy provides higher limits of
liability than the Homeowners policy..
Which of the following is NOT excluded by Section II - Liability of the Business
Automobile policy? - correct answerCost to defend the insured
The insured and her 18-year-old son, who lives in the insured's household, are
crossing the street when both of them are struck by a drunk driver. The Part B -
Medical Payments coverage of the insured's personal auto policy will: - correct
answerProvide coverage for both the insured and her son
All of the following are types of rehabilitative services provided under a workers'
compensation policy, EXCEPT: - correct answerSubstance abuse
Which of the following statements defines a "bailee"? - correct answerSomeone,
other than the insured, to whom the insured property is entrusted temporarily.
In North Carolina, the motor vehicle liability policy law requires owners of motor
vehicles to carry limits of: - correct answer$30/60/25
Many states amend property insurance coverage additions and extensions by
statute due to insufficient coverage amounts or time limits. All of the following
are property insurance additions or extensions that are frequently amended by
state statute, EXCEPT: - correct answerOther Structures
How are household personal property claims settled under the farm policy? -
correct answerActual cash value
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