NC ADJUSTER LICENSE EXAM AND
PRACTICE EXAM | NEWEST ACTUAL
EXAM COMPREHENSIVE QUESTIONS
AND VERIFIED ANSWERS GRADED A+ |
100% PASS | 2024 UPDATE!
Mark is injured at work in a state that provides a TTD benefit at 66
2/3%, the state minimum is $40 and the state maximum is $540. The
waiting period is 3 days and the retroactive period is 15 days. Which of
the following is Mark's TTD benefit if he earns $20 per hour and usually
works a 40-hour week. Mark is injured on July 14th and does not return
to work until September 3rd. Which of the following is the amount of
TTD benefit he would have received? - ✔✔✔ Correct Answer >
$3,809.50.
A guest on vacation deposits cash and traveler's checks in the hotel safe
deposit box located behind the front desk. When the guest attempts to
retrieve them, the box is empty. What coverage is required to cover
this loss for the hotel? - ✔✔✔ Correct Answer > Guests property
With respects to insurers writing auto coverage in the North Carolina,
which of the following is true regarding the North Carolina Motor
,Vehicle Reinsurance Facility? - ✔✔✔ Correct Answer > All insurance
companies writing auto coverage must participate in this program
Under the Commercial Building and Personal Property Coverage form, if
no optional coverages are selected, loss valuation/settlement is based
on: - ✔✔✔ Correct Answer > Actual cash value.
Which of the following is included in the Supplementary Payments
under a standardized Personal Automobile policy? - ✔✔✔ Correct
Answer > Interest accruing after a judgement is entered (post-
judgement interest).
Pete's business is covered by a standard Businessowners policy. He has
been accused by a customer of displaying inaccurate pricing on his
website. Which of the following statements best describes how this
claim would be handled by the BOP? - ✔✔✔ Correct Answer >
Coverage for any claim caused by a wrong description of the price of
goods, products or services is excluded by the personal and advertising
injury coverage of the BOP
Public adjusters: - ✔✔✔ Correct Answer > Adjust first-party property
loss claims.
The custom farming endorsement is usually attached to a farmowners
policy when receipts exceed: - ✔✔✔ Correct Answer > $5,000
, Which of the following statements is correct regarding pollution
coverage under the special cause of loss form of a Commercial Property
policy? - ✔✔✔ Correct Answer > It is excluded unless it was caused
by a covered peril
Underground gasoline tanks on an insured's property leak damaging
the property next door. Which policy would pay for clean up? - ✔✔✔
Correct Answer > Pollution Liability endorsement
The insured is liable for $500,000 in damages for a personal injury claim
that is covered under the insured's primary liability policy. The primary
liability policy has a $300,000 limit per occurrence. The insured also has
a $1 million Umbrella policy with a $3,000 self-insured retention limit.
How would this claim likely be settled? - ✔✔✔ Correct Answer > The
primary policy would pay $300,000 and the Umbrella policy would pay
$200,000
A customer has eaten seafood in a restaurant and became very ill while
still in the restaurant. What type of CGL claim is this? - ✔✔✔ Correct
Answer > Products Liability
All of the following statements are true regarding a Personal Umbrella
policy, EXCEPT: - ✔✔✔ Correct Answer > The policy can be written as
a monoline policy
PRACTICE EXAM | NEWEST ACTUAL
EXAM COMPREHENSIVE QUESTIONS
AND VERIFIED ANSWERS GRADED A+ |
100% PASS | 2024 UPDATE!
Mark is injured at work in a state that provides a TTD benefit at 66
2/3%, the state minimum is $40 and the state maximum is $540. The
waiting period is 3 days and the retroactive period is 15 days. Which of
the following is Mark's TTD benefit if he earns $20 per hour and usually
works a 40-hour week. Mark is injured on July 14th and does not return
to work until September 3rd. Which of the following is the amount of
TTD benefit he would have received? - ✔✔✔ Correct Answer >
$3,809.50.
A guest on vacation deposits cash and traveler's checks in the hotel safe
deposit box located behind the front desk. When the guest attempts to
retrieve them, the box is empty. What coverage is required to cover
this loss for the hotel? - ✔✔✔ Correct Answer > Guests property
With respects to insurers writing auto coverage in the North Carolina,
which of the following is true regarding the North Carolina Motor
,Vehicle Reinsurance Facility? - ✔✔✔ Correct Answer > All insurance
companies writing auto coverage must participate in this program
Under the Commercial Building and Personal Property Coverage form, if
no optional coverages are selected, loss valuation/settlement is based
on: - ✔✔✔ Correct Answer > Actual cash value.
Which of the following is included in the Supplementary Payments
under a standardized Personal Automobile policy? - ✔✔✔ Correct
Answer > Interest accruing after a judgement is entered (post-
judgement interest).
Pete's business is covered by a standard Businessowners policy. He has
been accused by a customer of displaying inaccurate pricing on his
website. Which of the following statements best describes how this
claim would be handled by the BOP? - ✔✔✔ Correct Answer >
Coverage for any claim caused by a wrong description of the price of
goods, products or services is excluded by the personal and advertising
injury coverage of the BOP
Public adjusters: - ✔✔✔ Correct Answer > Adjust first-party property
loss claims.
The custom farming endorsement is usually attached to a farmowners
policy when receipts exceed: - ✔✔✔ Correct Answer > $5,000
, Which of the following statements is correct regarding pollution
coverage under the special cause of loss form of a Commercial Property
policy? - ✔✔✔ Correct Answer > It is excluded unless it was caused
by a covered peril
Underground gasoline tanks on an insured's property leak damaging
the property next door. Which policy would pay for clean up? - ✔✔✔
Correct Answer > Pollution Liability endorsement
The insured is liable for $500,000 in damages for a personal injury claim
that is covered under the insured's primary liability policy. The primary
liability policy has a $300,000 limit per occurrence. The insured also has
a $1 million Umbrella policy with a $3,000 self-insured retention limit.
How would this claim likely be settled? - ✔✔✔ Correct Answer > The
primary policy would pay $300,000 and the Umbrella policy would pay
$200,000
A customer has eaten seafood in a restaurant and became very ill while
still in the restaurant. What type of CGL claim is this? - ✔✔✔ Correct
Answer > Products Liability
All of the following statements are true regarding a Personal Umbrella
policy, EXCEPT: - ✔✔✔ Correct Answer > The policy can be written as
a monoline policy
