NC ADJUSTER LICENSE PRACTICE EXAM
NEWEST UPDATE 2025/2026 WITH
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS FROM A VERIFIED
SOURCE|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: - CORRECT ANSWER-The maximum monthly
limit of indemnity optional coverage
The traditional definition of actual cash value (ACV) is: - CORRECT
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? -
CORRECT ANSWER-Only Dan's injuries would be covered
Torts that can be covered by insurance policies include all of the
following, EXCEPT: - CORRECT 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: - CORRECT ANSWER-$2,000
All of the following is considered an "insured" under a CGL policy,
EXCEPT: - CORRECT 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? -
CORRECT ANSWER-Owners and Contractors Protective Liability
Policy.
Which of the following would be eligible for coverage under a
Businessowners policy? - CORRECT 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? - CORRECT 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 - CORRECT 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: - CORRECT 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? -
CORRECT 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
NEWEST UPDATE 2025/2026 WITH
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS FROM A VERIFIED
SOURCE|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: - CORRECT ANSWER-The maximum monthly
limit of indemnity optional coverage
The traditional definition of actual cash value (ACV) is: - CORRECT
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? -
CORRECT ANSWER-Only Dan's injuries would be covered
Torts that can be covered by insurance policies include all of the
following, EXCEPT: - CORRECT 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: - CORRECT ANSWER-$2,000
All of the following is considered an "insured" under a CGL policy,
EXCEPT: - CORRECT 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? -
CORRECT ANSWER-Owners and Contractors Protective Liability
Policy.
Which of the following would be eligible for coverage under a
Businessowners policy? - CORRECT 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? - CORRECT 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 - CORRECT 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: - CORRECT 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? -
CORRECT 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
