1
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NC Adjuster License Practice Exam
Questions and Answers (100% Correct
Answers) Already Graded A+
Manny is purchasing a Commercial Property 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: [ ANS: ] The maximum monthly
limit of indemnity optional coverage
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The traditional definition of actual cash value (ACV) is: [ ANS: ]
Replacement cost minus depreciation
Sam and Dan are working to clean out the gutters around the roof
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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? [ ANS: ] Only Dan's injuries would
be covered
Torts that can be covered by insurance policies include all of the
following, EXCEPT: [ ANS: ] Intentional torts purposely committed
to cause harm to another.
The insured has a $1,000,000 personal 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: [ ANS: ]
$2,000
All of the following is considered an "insured" under a CGL policy,
EXCEPT: [ ANS: ] Lawyers of the named insured
, 2
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What specific type of liability policy gives an owner protection
against liability claims arising out of the acts of its independent
contractors? [ ANS: ] Owners and Contractors Protective Liability
Policy.
Which of the following would be eligible for coverage under a
Businessowners policy? [ ANS: ] A small retail store
Which of the following is NOT a correct statement in determining
the cost of a "comparable automobile" when a physical damage
loss has a occurred? [ ANS: ] The cost of a comparable
automobile as determined by a computerized automobile
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valuation service that produces statistically valid fair market values
within the United States market
All of the following statements are TRUE of North Carolina
automobile liability policies, EXCEPT [ ANS: ] If the insured carries
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limits greater than the minimum financial responsibility limits
required by state law, they are not required to carry
Uninsured/Underinsured Motorists coverage.
The basic limit for Coverage F -- Medical Payments of the
standard Homeowners forms is: [ ANS: ] $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? [ ANS: ] $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? [ ANS: ] 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
, 3
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policy period will only be covered: [ ANS: ] 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? [ ANS: ] 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: [
ANS: ] Not limited
Any North Carolina lender in making or servicing real estate
mortgage or deed of trust loans on one to four family residences
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must accept a binder as proof of insurance. The binder presented
to the lender must include all of the following, EXCEPT [ ANS: ] A
sworn statement that the insurance will be kept in force.
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Which of the following statements is TRUE concerning Part A -
Liability coverage on a standard Personal Automobile policy? [
ANS: ] The coverage is provided only for accidents caused by
those who are "insureds" under the policy..
Which of the following is NOT a reason to purchase a Dwelling
policy instead of a Homeowners policy? [ ANS: ] The Dwelling
policy provides higher limits of liability than the Homeowners
policy..
Which of the following is NOT excluded by Section II - Liability of
the Business Automobile policy? [ ANS: ] Cost to defend the
insured
The insured and her 18-year-old son, who lives in the insured's
household, are crossing the street when both of them are struck
by a drunk driver. The Part B - Medical Payments coverage of the
insured's personal auto policy will: [ ANS: ] Provide coverage for
both the insured and her son
For Expert help and assignment solutions, +254707240657
NC Adjuster License Practice Exam
Questions and Answers (100% Correct
Answers) Already Graded A+
Manny is purchasing a Commercial Property 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: [ ANS: ] The maximum monthly
limit of indemnity optional coverage
© 2025 Assignment Expert
The traditional definition of actual cash value (ACV) is: [ ANS: ]
Replacement cost minus depreciation
Sam and Dan are working to clean out the gutters around the roof
Guru01 - Stuvia
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? [ ANS: ] Only Dan's injuries would
be covered
Torts that can be covered by insurance policies include all of the
following, EXCEPT: [ ANS: ] Intentional torts purposely committed
to cause harm to another.
The insured has a $1,000,000 personal 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: [ ANS: ]
$2,000
All of the following is considered an "insured" under a CGL policy,
EXCEPT: [ ANS: ] Lawyers of the named insured
, 2
For Expert help and assignment solutions, +254707240657
What specific type of liability policy gives an owner protection
against liability claims arising out of the acts of its independent
contractors? [ ANS: ] Owners and Contractors Protective Liability
Policy.
Which of the following would be eligible for coverage under a
Businessowners policy? [ ANS: ] A small retail store
Which of the following is NOT a correct statement in determining
the cost of a "comparable automobile" when a physical damage
loss has a occurred? [ ANS: ] The cost of a comparable
automobile as determined by a computerized automobile
© 2025 Assignment Expert
valuation service that produces statistically valid fair market values
within the United States market
All of the following statements are TRUE of North Carolina
automobile liability policies, EXCEPT [ ANS: ] If the insured carries
Guru01 - Stuvia
limits greater than the minimum financial responsibility limits
required by state law, they are not required to carry
Uninsured/Underinsured Motorists coverage.
The basic limit for Coverage F -- Medical Payments of the
standard Homeowners forms is: [ ANS: ] $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? [ ANS: ] $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? [ ANS: ] 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
, 3
For Expert help and assignment solutions, +254707240657
policy period will only be covered: [ ANS: ] 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? [ ANS: ] 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: [
ANS: ] Not limited
Any North Carolina lender in making or servicing real estate
mortgage or deed of trust loans on one to four family residences
© 2025 Assignment Expert
must accept a binder as proof of insurance. The binder presented
to the lender must include all of the following, EXCEPT [ ANS: ] A
sworn statement that the insurance will be kept in force.
Guru01 - Stuvia
Which of the following statements is TRUE concerning Part A -
Liability coverage on a standard Personal Automobile policy? [
ANS: ] The coverage is provided only for accidents caused by
those who are "insureds" under the policy..
Which of the following is NOT a reason to purchase a Dwelling
policy instead of a Homeowners policy? [ ANS: ] The Dwelling
policy provides higher limits of liability than the Homeowners
policy..
Which of the following is NOT excluded by Section II - Liability of
the Business Automobile policy? [ ANS: ] Cost to defend the
insured
The insured and her 18-year-old son, who lives in the insured's
household, are crossing the street when both of them are struck
by a drunk driver. The Part B - Medical Payments coverage of the
insured's personal auto policy will: [ ANS: ] Provide coverage for
both the insured and her son
