NC adjuster Study guides, Class notes & Summaries

The most common method of risk management is: A. The sharing of risk B. The assumption of risk C. The transfer of risk D. Risk avoidance - Answer- C. The transfer of risk Which of the following types of risk is associated with change is not insurable? A. Fundamental risk B. Particular risk C. Dynamic risk D. Static risk - Answer- C. Dynamic risk Insurers are able to calculate their probable losses and to establish the rates for premiums that will cover losses and operating expe...

Robbery involves all of the following, EXCEPT: A. The presence of the insured B. Criminal intent C. A threat of violence D. Burglary - Answer- D. Burglary Under the "Loss Sustained" Crime Insurance form, there is coverage while the policy is in force and for up to: A. 6 months after the policy expires B. One year after the policy expires C. 60 days after the policy expires D. 30 days after the policy expires - Answer- B. One year after the policy expires Crime insurance termino...

NC Adjuster Exam Questions and Answers (2024 / 2025) (Verified Answers)

NC Claims Adjuster Exam Study Questions and Answers (2024 / 2025) (Verified Answers)

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. Sa...

NC adjuster Exam CORRECT ANSWERS REVISED 2023 Inception/Expiration Date - correct answersThe date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date - correct answersThe date on which the loss occurred Identification of Parties involve - correct answersThe loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names an...

NC Adjuster License Practice Exam (With Complete Solution) 2023 – 2024

NC Adjuster License Practice Exam (With Complete Solution) 2023 – 2024

NC Adjuster License Practice Exam (With Complete Solution) 2023 – 2024

NC ADJUSTER PREP (NC Adjuster pro practice test questions) QUESTIONS AND ANSWERS SOLVED 100% CORRECT!!

NC Adjuster Exam Flood Insurance Questions with correct Answers A river of muddy water. - ️️ Mudflow Earth movements such as landslides, slope failures, and moving, saturated soil masses. - ️️ Mudslide True or False: The relationship between the Base Flood Elevation (BFE) and a structure's elevation can change the premium amount of an individual policy. - ️️ TRUE Which flood zones show a "flood depth" instead of a "base flood elevation" on a FIRM? - ️️ AO The Nation...

NC Adjuster Exam Flood Insurance Questions with correct Answers A river of muddy water. - ️️ Mudflow Earth movements such as landslides, slope failures, and moving, saturated soil masses. - ️️ Mudslide True or False: The relationship between the Base Flood Elevation (BFE) and a structure's elevation can change the premium amount of an individual policy. - ️️ TRUE Which flood zones show a "flood depth" instead of a "base flood elevation" on a FIRM? - ️️ AO The Nation...