NC Personal Lines quiz UPDATED ACTUAL Exam Questions and CORRECT Answers

NC Personal Lines quiz UPDATED
ACTUAL Exam Questions and CORRECT
Answers
DP-1 - CORRECT ANSWER - Basic Form Perils



DP-2 - CORRECT ANSWER - Broad Perils



DP-3 - CORRECT ANSWER - Special Form (All Risk Of Perils)



DP Coverage A - CORRECT ANSWER - Dwellings (Direct Loss)



DP Coverage B - CORRECT ANSWER - Other Structures/Appurtenants (Direct Loss)



DP Coverage C - CORRECT ANSWER - Personal Property (Direct Loss)



DP Coverage D - CORRECT ANSWER - Fair Rental Value (Indirect Loss)



DP Coverage E - CORRECT ANSWER - Additional Living Expenses (Indirect Loss)


What is the Deductible unless for Coverage D and E and Fire Service? - CORRECT
ANSWER - $250



Cancellation for non-payment of Premiums - CORRECT ANSWER - 10 days



Cancellation for policy in effect for less than 60 days - CORRECT ANSWER - 10 days

, Cancellation for policy in effect for 60+ days - CORRECT ANSWER - 30 Days



Cancellation for policy in effect for 1 year at anniversary - CORRECT ANSWER - 30
days


HO-2 - CORRECT ANSWER - Broad Form (single/ dual fam dwelling)



HO-3 - CORRECT ANSWER - Special Form (single/ dual fam dwelling)



HO-5 - CORRECT ANSWER - Comprehensive (single/ dual fam dwelling)



HO-8 - CORRECT ANSWER - Modified Form (single/ dual fam dwelling)



HO-4 - CORRECT ANSWER - Contents Form (for tenants or renters)



HO-6 - CORRECT ANSWER - Unit Owners (covers condos and owned apartments)



HO Coverage A - CORRECT ANSWER - Dwellings (direct loss)



HO Coverage B - CORRECT ANSWER - Other structures (direct loss)



HO Coverage C - CORRECT ANSWER - Personal Property (direct loss)



HO Coverage D - CORRECT ANSWER - Loss of Use (indirect loss)



HO Cancellation for unpaid premium - CORRECT ANSWER - 10 days