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NC Adjuster License Exam/ Actual Exam Questions with Correct Verified Answers/ Rated A+
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NC Adjuster License Exam/ Actual Exam Questions with Correct Verified Answers/ Rated A+
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NC Adjuster License Exam/ Actual Exam Questionswith Correct Verified Answers/ Rated A+
How are household personal property claims settled under the farm policy? - ANSWER
- Actual cash value
Which policy would be best for a prospective insured who wants coverage against
liability assumed by him under specific written agreements? - ANSWER - Contractual
Liability provided under a CGL policy
North Carolina law prohibits any Fire insurance policy covering property within the state
of North Carolina to be issued for a term: - ANSWER - Longer than seven years
Collin suffered a work-related injury on the morning of February 5th and was off work
completely until he returned to work on full duty on February 19th. Collin had worked for
his employer for four years and was paid $42,125 per year. Collin's state sets the TTD
rate at 66 2/3rd percent of the average weekly wage. The state sets the maximum
compensation rate at $420 per week and the waiting period at 3 days retroactive after
10 days. Collin was not paid for working on February 5th, so how many days of TTD
compensation is Collin entitled to receive? - ANSWER - 14
The duties of the insured after a loss are included in insurance policy language to: -
ANSWER - Assist in the adjuster's investigation of the claim
The perils insured against by a Homeowners policy are contained within the: - ANSWER
- Insuring Agreements
Under a standard HO-3, the limit for Coverage C -- Personal Property for a one or two-
family dwelling: - ANSWER - Is set at 50% of Coverage A
pg. 1
,Which of the following flood zones show a "flood depth" instead of a "base flood
elevation" on a FIRM? - ANSWER - AO
North Carolina law stipulates that buildings located within the state that are covered
under a Fire policy and suffer a total loss, the insurance company: - ANSWER - Is not
liable to pay amounts beyond the actual cash value of the insured property at the time
of the loss or damage
Which of the following is generally not considered to be a legal defense against claims
of negligence? - ANSWER - The loss to the plaintiff was caused intentionally by the
defendant. .
How are death benefits calculated for an employee who has died as a result of a work
related incident? - ANSWER - 66 2/3% of the employee's average weekly wage for 500
weeks
Sharon's North Carolina home is covered under a Homeowner's policy with a
"Refrigerated Property Coverage" endorsement attached. She stores large amounts of
expensive meats in her freezer at any given time. One morning, she doesn't hear the
low hum of her freezer motor. When she opens her freezer door, she finds that the
freezer is no longer cold and all of her meat has spoiled. Sharon collects her receipts
and finds that the price of the spoiled meat totals $658 and she submits a claim for this
loss. How much will her insurer pay? - ANSWER - $500
Which of the following terms does NOT apply to workers compensation coverage in
North Carolina? - ANSWER - Temporary sick leave with benefits
Coverage D - Loss of Use on the Homeowners forms provides coverage for "Civil
Authority Prohibits Use" for: - ANSWER - No more than two weeks
Under the comprehensive coverage of a Business Auto policy, which of the following
would not be a covered loss? - ANSWER - After sliding on an icy pavement, a driver hits
a guard rail.
pg. 2
, The Section I Additional Coverage of the standard Businessowners policy provides
coverage for "Debris Removal". Which of the following statements best describes the
limit for this coverage? - ANSWER - The total limit may be up to 25% of the policy limit
for the loss payable with the deductible included, plus up to an additional $25,000 if the
policy limits are exhausted
When would the Personal Auto policy respond to a loss with an all-terrain three-wheeled
vehicle? - ANSWER - When used in an emergency situation
The basic limit for Coverage F -- Medical Payments of the standard Homeowners forms
is: - 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? -
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? - ANSWER - 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: -
ANSWER - 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? - ANSWER - 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: - ANSWER - Not limited
pg. 3
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