NC Adjuster License Exam Prep Material
Newest 2025/2026 Complete 100
Questions And Correct Detailed Answers
(Verified Answers)|Brand New Version!
/. 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: - Answer-The maximum monthly
limit of indemnity optional coverage
/.The traditional definition of actual cash value (ACV) is: - Answer-Replacement cost
minus depreciation
/.Sam and Dan are working to clean out the gutters around the roof 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? - Answer-Only
Dan's injuries would be covered
/.Torts that can be covered by insurance policies include all of the following, EXCEPT: -
Answer-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: - Answer-$2,000
/.All of the following is considered an "insured" under a CGL policy, EXCEPT: - Answer-
Lawyers of the named insured
/.What specific type of liability policy gives an owner protection against liability claims
arising out of the acts of its independent contractors? - Answer-Owners and Contractors
Protective Liability Policy.
/.Which of the following would be eligible for coverage under a Businessowners policy?
- Answer-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? - Answer-The
cost of a comparable automobile as determined by a computerized automobile 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 - Answer-If the insured carries 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: - Answer-$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? -
Answer-$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? - Answer-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 policy period will only be covered: -
Answer-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? - Answer-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: - Answer-Not limited
/.Any North Carolina lender in making or servicing real estate mortgage or deed of trust
loans on one to four family residences must accept a binder as proof of insurance. The
binder presented to the lender must include all of the following, EXCEPT - Answer-A
sworn statement that the insurance will be kept in force.
/.Which of the following statements is TRUE concerning Part A - Liability coverage on a
standard Personal Automobile policy? - Answer-The coverage is provided only for
accidents caused by those who are "insureds" under the policy..
Newest 2025/2026 Complete 100
Questions And Correct Detailed Answers
(Verified Answers)|Brand New Version!
/. 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: - Answer-The maximum monthly
limit of indemnity optional coverage
/.The traditional definition of actual cash value (ACV) is: - Answer-Replacement cost
minus depreciation
/.Sam and Dan are working to clean out the gutters around the roof 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? - Answer-Only
Dan's injuries would be covered
/.Torts that can be covered by insurance policies include all of the following, EXCEPT: -
Answer-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: - Answer-$2,000
/.All of the following is considered an "insured" under a CGL policy, EXCEPT: - Answer-
Lawyers of the named insured
/.What specific type of liability policy gives an owner protection against liability claims
arising out of the acts of its independent contractors? - Answer-Owners and Contractors
Protective Liability Policy.
/.Which of the following would be eligible for coverage under a Businessowners policy?
- Answer-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? - Answer-The
cost of a comparable automobile as determined by a computerized automobile 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 - Answer-If the insured carries 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: - Answer-$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? -
Answer-$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? - Answer-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 policy period will only be covered: -
Answer-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? - Answer-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: - Answer-Not limited
/.Any North Carolina lender in making or servicing real estate mortgage or deed of trust
loans on one to four family residences must accept a binder as proof of insurance. The
binder presented to the lender must include all of the following, EXCEPT - Answer-A
sworn statement that the insurance will be kept in force.
/.Which of the following statements is TRUE concerning Part A - Liability coverage on a
standard Personal Automobile policy? - Answer-The coverage is provided only for
accidents caused by those who are "insureds" under the policy..
