2025 NC Adjuster License Exam Practice New Latest
Exam Best Studying Material with All Questions from
Actual Past Exam and Answers
What specific type of liability policy gives an owner protection against liability
claims arising out of the acts of its independent contractors? - ans -Owners and
Contractors Protective Liability Policy.
Which of the following would be eligible for coverage under a Businessowners
policy? - ans -A 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? - ans -The
cost of a comparable automobile as determined by a computerized 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 - ans -If 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: - ans -$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? - ans -$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? -
ans -The 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: - ans -If 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? - ans -Medical
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: - ans -Not 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,
EXCEPT - ans -A 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? - ans -The 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? - ans -The 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? - The insured and her 18-year-old son, who lives in the
insured's household, are ans -Cost to defend the insured
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: - ans -
Provide coverage for both the insured and her son
All of the following are types of rehabilitative services provided under a workers'
compensation policy, EXCEPT: - ans -Substance abuse
, 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: - ans -The
maximum monthly limit of indemnity optional coverage
The traditional definition of actual cash value (ACV) is: - ans -Replacement 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? - ans -Only Dan's injuries would be covered
Torts that can be covered by insurance policies include all of the following,
EXCEPT: - ans -Intentional 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:
- ans -$2,000
All of the following is considered an "insured" under a CGL policy, EXCEPT: - ans -
Lawyers of the named insured
Which of the following statements defines a "bailee"? - ans -Someone, 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: - ans -$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: - ans -Other Structures
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