1
NC ADJUSTER LICENSE EXAM 2|| LATELY UPDATE
QUESTIONS AND 100% CORRECT ANSWERS WITH A
GUARANTEED A+|| LATEST AND COMPLETE UPDATE
WITH EXPERT VERIFIED SOLUTIONS|| ASSURED
PASS!!!
Surety Bond - (answers)Guarantees performance
binder - (answers)temp insurance (effective 60 days)
estoppel - (answers)legal impediment to 1 party denying the consequence of its
own actions. if insured has waived a known right, they cannot reassess that after
the fact
hostile fire - (answers)fire than isnt cofined to its normal habitat
representation - (answers)"true to the best of ones knowledge"
short rate - (answers)applies if the insured canceled policy before the policy
expires. insurer will refund any premiums
risk - (answers)uncertainy of financial loss
when must insurable interest exist in a propert insured contract - (answers)at
both inception of policy and at DOL
, 2
when in PAP do you not have to pay for transport - (answers)theft
how many occupants for a dwelling policy - (answers)no more than 4 apartment
units + no more than 5 occupants per unit
an employee is driving his personal auto to make a delivery and gets in an
accident. what coverage? - (answers)non-owned auto
a tree lands on the insureds vehicle, who do you contact first? - (answers)the
insured
the commissioner is asisted by - (answers)chief deputy commisioner
continuing education - (answers)24 hours/ every 2 years
which of the following is not a method of risk management?
a. avoidance
b. transfer
c. sharing
d. control - (answers)control
form of liability that would extend from child to parent is
NC ADJUSTER LICENSE EXAM 2|| LATELY UPDATE
QUESTIONS AND 100% CORRECT ANSWERS WITH A
GUARANTEED A+|| LATEST AND COMPLETE UPDATE
WITH EXPERT VERIFIED SOLUTIONS|| ASSURED
PASS!!!
Surety Bond - (answers)Guarantees performance
binder - (answers)temp insurance (effective 60 days)
estoppel - (answers)legal impediment to 1 party denying the consequence of its
own actions. if insured has waived a known right, they cannot reassess that after
the fact
hostile fire - (answers)fire than isnt cofined to its normal habitat
representation - (answers)"true to the best of ones knowledge"
short rate - (answers)applies if the insured canceled policy before the policy
expires. insurer will refund any premiums
risk - (answers)uncertainy of financial loss
when must insurable interest exist in a propert insured contract - (answers)at
both inception of policy and at DOL
, 2
when in PAP do you not have to pay for transport - (answers)theft
how many occupants for a dwelling policy - (answers)no more than 4 apartment
units + no more than 5 occupants per unit
an employee is driving his personal auto to make a delivery and gets in an
accident. what coverage? - (answers)non-owned auto
a tree lands on the insureds vehicle, who do you contact first? - (answers)the
insured
the commissioner is asisted by - (answers)chief deputy commisioner
continuing education - (answers)24 hours/ every 2 years
which of the following is not a method of risk management?
a. avoidance
b. transfer
c. sharing
d. control - (answers)control
form of liability that would extend from child to parent is
