NC ADJUSTER LICENSE PRACTICE EXAM (LATEST UPDATE 2025 /
2026) QUESTIONS AND ANSWERS | GRADE A | 100%
CORRECT (VERIFIED SOLUTIONS)
Students also studied
C
Terms in this set (135)
Manny is purchasing a Commercial Property The maximum monthly limit of indemnity optional coverage
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:
The traditional definition of actual cash Replacement cost minus depreciation
value (ACV) is:
Sam and Dan are working to clean out the Only Dan's injuries would be covered
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?
Torts that can be covered by insurance Intentional torts purposely committed to cause harm to
another.
,policies include all of the following, EXCEPT:
The insured has a $1,000,000 personal $2,000
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:
, All of the following is considered an Lawyers of the named insured
"insured" under a CGL policy, EXCEPT:
What specific type of liability policy gives an Owners and Contractors Protective Liability Policy.
owner protection against liability claims
arising out of the acts of its independent
contractors?
Which of the following would be eligible for A small retail store
coverage under a Businessowners policy?
Which of the following is NOT a correct The cost of a comparable automobile as determined by a
statement in determining the cost of a computerized automobile valuation service that produces
statistically valid fair market values within the United States
"comparable automobile" when a physical
market
damage loss has a occurred?
All of the following statements are TRUE of If the insured carries limits greater than the minimum financial
North Carolina automobile liability policies, responsibility limits required by state law, they are not
EXCEPT
required to carry Uninsured/Underinsured Motorists
coverage.
The basic limit for Coverage F -- $1,000 per person
Medical Payments of the standard
Homeowners forms is:
Oliver Dogwood was in an auto $2,150
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?
When a claims representative is collecting The nature and extent of the injuries or property damage
information from a third-party claimant, claimed.
which of the following is the information that
should be obtained first?
The Business Auto uses Symbol 7 to If the insured insures all of their vehicles with the company
cover "specifically described autos" or it replaces a covered auto..
identified in the declarations. An auto
acquired during the policy period will
only be covered:
2026) QUESTIONS AND ANSWERS | GRADE A | 100%
CORRECT (VERIFIED SOLUTIONS)
Students also studied
C
Terms in this set (135)
Manny is purchasing a Commercial Property The maximum monthly limit of indemnity optional coverage
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:
The traditional definition of actual cash Replacement cost minus depreciation
value (ACV) is:
Sam and Dan are working to clean out the Only Dan's injuries would be covered
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?
Torts that can be covered by insurance Intentional torts purposely committed to cause harm to
another.
,policies include all of the following, EXCEPT:
The insured has a $1,000,000 personal $2,000
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:
, All of the following is considered an Lawyers of the named insured
"insured" under a CGL policy, EXCEPT:
What specific type of liability policy gives an Owners and Contractors Protective Liability Policy.
owner protection against liability claims
arising out of the acts of its independent
contractors?
Which of the following would be eligible for A small retail store
coverage under a Businessowners policy?
Which of the following is NOT a correct The cost of a comparable automobile as determined by a
statement in determining the cost of a computerized automobile valuation service that produces
statistically valid fair market values within the United States
"comparable automobile" when a physical
market
damage loss has a occurred?
All of the following statements are TRUE of If the insured carries limits greater than the minimum financial
North Carolina automobile liability policies, responsibility limits required by state law, they are not
EXCEPT
required to carry Uninsured/Underinsured Motorists
coverage.
The basic limit for Coverage F -- $1,000 per person
Medical Payments of the standard
Homeowners forms is:
Oliver Dogwood was in an auto $2,150
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?
When a claims representative is collecting The nature and extent of the injuries or property damage
information from a third-party claimant, claimed.
which of the following is the information that
should be obtained first?
The Business Auto uses Symbol 7 to If the insured insures all of their vehicles with the company
cover "specifically described autos" or it replaces a covered auto..
identified in the declarations. An auto
acquired during the policy period will
only be covered:
