NC Adjuster License Final Actual Exam Newest 2026-
2027 With Complete Questions And Correct Detailed
Answers| Brand New Version!
Passive Unfair Claim Settlement Practice - ANSWER-1. Failing to act
promptly upon receiving a claim
2. Failing to implement reasonable standards for the prompt
investigation of claims
3. Failing to affirm or deny coverage within a reasonable time after
receiving the proof of loss
A property policy pays ACV at.. - ANSWER-The time of a loss
A premium overpaid for a sum in excess of a building's ACV must be
reimnursed at.. - ANSWER-6% annual interest from the date of issue
Who must approve & license an employer who wants to self-insure? -
ANSWER-The Commissioner
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,An application for licensing as a self insurer must be filed - ANSWER-at
least 90 days prior to proposed licensing date
If a self-insurance for workers' compensation license is denied, the
employer has ___ days to correct deficiencies without reapplying -
ANSWER-60
An application for workers' compensation self-insurance license must
have at least ___ in total fixed assets - ANSWER-500K
The reason for policy cancellation after the first 60 days of the policy
term that is NOT acceptable under North Carolina policy cancellation
statutes: - ANSWER-The insured has submitted an excessive number of
claims in the past 3 years
The reason for policy cancellation after the first 60 days of the policy
term that is acceptable under North Carolina policy cancellation
statutes: - ANSWER-If a policy has been in effect for less than 60 days
and is not a renewal of a policy, it may be cancelled for any reason by
furnishing to the insured at least 15 days prior written notice of and
reasons for cancellation; otherwise a cancellation must comply with the
North Carolina cancellation statutes.
The insured can request the following initial information be added to a
property policy, EXCEPT: - ANSWER-Claim surcharge
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, The insured CAN request the following initial information be added to a
property policy - ANSWER-1. Deficiency charge
2. Basis Rate
3. Property improvement credits
A home loan provide may accept a binder as long as it - ANSWER-
includes specified identifying information and may not be cancelled
without 10 days' written notice to the mortgagee.
Each insurer or its agents must maintain a record of all written
complaints for at least _____ years after the complaint's final
disposition or, for domestic companies, until the Commissioner adopts
a final report of a general examination that contains a review of these
records, whichever is later. - ANSWER-5
The North Carolina Motor Vehicle Reinsurance Facility provides
automobile insurance to - ANSWER-motor vehicles, which are self-
propelled vehicles designed for use on a highway, including
motorcycles, but not farm or construction equipment.
True statements regarding SDIP plan surcharges - ANSWER-An insurer
may provide for premium surcharges for insureds having less than 3
years' driving experience as licensed drivers.
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2027 With Complete Questions And Correct Detailed
Answers| Brand New Version!
Passive Unfair Claim Settlement Practice - ANSWER-1. Failing to act
promptly upon receiving a claim
2. Failing to implement reasonable standards for the prompt
investigation of claims
3. Failing to affirm or deny coverage within a reasonable time after
receiving the proof of loss
A property policy pays ACV at.. - ANSWER-The time of a loss
A premium overpaid for a sum in excess of a building's ACV must be
reimnursed at.. - ANSWER-6% annual interest from the date of issue
Who must approve & license an employer who wants to self-insure? -
ANSWER-The Commissioner
1|Page
,An application for licensing as a self insurer must be filed - ANSWER-at
least 90 days prior to proposed licensing date
If a self-insurance for workers' compensation license is denied, the
employer has ___ days to correct deficiencies without reapplying -
ANSWER-60
An application for workers' compensation self-insurance license must
have at least ___ in total fixed assets - ANSWER-500K
The reason for policy cancellation after the first 60 days of the policy
term that is NOT acceptable under North Carolina policy cancellation
statutes: - ANSWER-The insured has submitted an excessive number of
claims in the past 3 years
The reason for policy cancellation after the first 60 days of the policy
term that is acceptable under North Carolina policy cancellation
statutes: - ANSWER-If a policy has been in effect for less than 60 days
and is not a renewal of a policy, it may be cancelled for any reason by
furnishing to the insured at least 15 days prior written notice of and
reasons for cancellation; otherwise a cancellation must comply with the
North Carolina cancellation statutes.
The insured can request the following initial information be added to a
property policy, EXCEPT: - ANSWER-Claim surcharge
2|Page
, The insured CAN request the following initial information be added to a
property policy - ANSWER-1. Deficiency charge
2. Basis Rate
3. Property improvement credits
A home loan provide may accept a binder as long as it - ANSWER-
includes specified identifying information and may not be cancelled
without 10 days' written notice to the mortgagee.
Each insurer or its agents must maintain a record of all written
complaints for at least _____ years after the complaint's final
disposition or, for domestic companies, until the Commissioner adopts
a final report of a general examination that contains a review of these
records, whichever is later. - ANSWER-5
The North Carolina Motor Vehicle Reinsurance Facility provides
automobile insurance to - ANSWER-motor vehicles, which are self-
propelled vehicles designed for use on a highway, including
motorcycles, but not farm or construction equipment.
True statements regarding SDIP plan surcharges - ANSWER-An insurer
may provide for premium surcharges for insureds having less than 3
years' driving experience as licensed drivers.
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