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NC ADJUSTER LICENSE EXAM PREP MATERIAL LATEST 2025/2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
Violating a cease and desist order issued by the North Carolina
Commissioner after finding a violation of the Unfair Practices will
result in a a monetary fine of: - ANSWER-A sum of not less than
$1,000 nor more than $5,000 for each violation
A licensee, for the second time, does not maintain records of
insurance transactions as prescribed by the North Carolina
Commissioner. He/she will: - ANSWER-Have their license
suspended or revoked for a one year period
Which of the following endorsements can be attached to the
Business Auto policy to extend coverage to individuals such as
the owner of the business who does not carry personal auto
insurance? - ANSWER-Drive Other Car endorsement
Under the "Money Orders and Counterfeit Money" insuring
agreement of a standard Commercial Crime form, all would be
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covered, EXCEPT: - ANSWER-Taking a forged check from a
customer in exchange for merchandise..
Which of the following statements is TRUE regarding nonwaiver
agreements and reservation of rights letters? - ANSWER-The are
used only with first-party claimants to protect the rights of
insureds and insurers.
All of the following are reasons that an adjuster should keep very
detailed log notes, EXCEPT: - ANSWER-To produce notes that
will support a fraudulent denial of claims.
All of the following are excluded under the Commercial Building
and Personal Property form, EXCEPT: - ANSWER-Furniture and
fixtures
An insured carries property insurance with a limit of $25,000 and
an 80% coinsurance requirement. The covered building, however,
is worth $40,000. How much would she collect in the event of a
total loss? - ANSWER-$25,000.
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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? - ANSWER-Guests
property
Public adjusters: - ANSWER-Adjust first-party property loss
claims.
The custom farming endorsement is usually attached to a
farmowners policy when receipts exceed: - 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? - ANSWER-It is excluded unless it was caused
by a covered peril
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? - ANSWER-All
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insurance companies writing auto coverage must participate in
this program
Underground gasoline tanks on an insured's property leak
damaging the property next door. Which policy would pay for
clean up? - 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? - 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? -
ANSWER-Products Liability
NC ADJUSTER LICENSE EXAM PREP MATERIAL LATEST 2025/2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
Violating a cease and desist order issued by the North Carolina
Commissioner after finding a violation of the Unfair Practices will
result in a a monetary fine of: - ANSWER-A sum of not less than
$1,000 nor more than $5,000 for each violation
A licensee, for the second time, does not maintain records of
insurance transactions as prescribed by the North Carolina
Commissioner. He/she will: - ANSWER-Have their license
suspended or revoked for a one year period
Which of the following endorsements can be attached to the
Business Auto policy to extend coverage to individuals such as
the owner of the business who does not carry personal auto
insurance? - ANSWER-Drive Other Car endorsement
Under the "Money Orders and Counterfeit Money" insuring
agreement of a standard Commercial Crime form, all would be
,2|Page
covered, EXCEPT: - ANSWER-Taking a forged check from a
customer in exchange for merchandise..
Which of the following statements is TRUE regarding nonwaiver
agreements and reservation of rights letters? - ANSWER-The are
used only with first-party claimants to protect the rights of
insureds and insurers.
All of the following are reasons that an adjuster should keep very
detailed log notes, EXCEPT: - ANSWER-To produce notes that
will support a fraudulent denial of claims.
All of the following are excluded under the Commercial Building
and Personal Property form, EXCEPT: - ANSWER-Furniture and
fixtures
An insured carries property insurance with a limit of $25,000 and
an 80% coinsurance requirement. The covered building, however,
is worth $40,000. How much would she collect in the event of a
total loss? - ANSWER-$25,000.
,3|Page
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? - ANSWER-Guests
property
Public adjusters: - ANSWER-Adjust first-party property loss
claims.
The custom farming endorsement is usually attached to a
farmowners policy when receipts exceed: - 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? - ANSWER-It is excluded unless it was caused
by a covered peril
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? - ANSWER-All
, 4|Page
insurance companies writing auto coverage must participate in
this program
Underground gasoline tanks on an insured's property leak
damaging the property next door. Which policy would pay for
clean up? - 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? - 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? -
ANSWER-Products Liability
