NC ADJUSTER LICENSE FINAL EXAM
2026/2027 WITH ACTUAL CORRECT
QUESTIONS AND VERIFIED DETAILED
ANSWERS |CURRENTLY TESTING
QUESTIONS AND SOLUTIONS|ALREADY
GRADED A+|NEWEST |BRAND NEW
VERSION|JUST RELEASED!!
Passive Unfair Claim Settlement Practice
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..
The time of a loss
A premium overpaid for a sum in excess of a building's ACV must be reimnursed at..
6% annual interest from the date of issue
Who must approve & license an employer who wants to self-insure?
The Commissioner
An application for licensing as a self insurer must be filed
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
1|Page
,60
An application for workers' compensation self-insurance license must have at least ___ in total
fixed assets
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:
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:
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:
Claim surcharge
The insured CAN request the following initial information be added to a property policy
1. Deficiency charge
2. Basis Rate
3. Property improvement credits
A home loan provide may accept a binder as long as it
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
2|Page
, adopts a final report of a general examination that contains a review of these records,
whichever is later.
5
The North Carolina Motor Vehicle Reinsurance Facility provides automobile insurance to
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
An insurer may provide for premium surcharges for insureds having less than 3 years' driving
experience as licensed drivers.
SDIP points must be commensurate with the severity of the claimant's injury
A subclassification plan surcharge must be applied to a policy for 3 policy years
A major accident is an at-fault accident resulting in BI, death, or PD of at least $3,000
What are the minimum policy limits that the Facility will cover a risk ceded by a member
insurer?
30/60/25
The North Carolina Rate Bureau assesses and recommends rates for property and casualty
insurance against loss to residential contents and real property with not more than ____
housing units, theft and physical damage loss to nonfleet private passenger motor vehicles, and
Workers' Compensation and employers' liability insurance.
4
An example of an uninsured auto?
Auto without liability insurance
3|Page
2026/2027 WITH ACTUAL CORRECT
QUESTIONS AND VERIFIED DETAILED
ANSWERS |CURRENTLY TESTING
QUESTIONS AND SOLUTIONS|ALREADY
GRADED A+|NEWEST |BRAND NEW
VERSION|JUST RELEASED!!
Passive Unfair Claim Settlement Practice
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..
The time of a loss
A premium overpaid for a sum in excess of a building's ACV must be reimnursed at..
6% annual interest from the date of issue
Who must approve & license an employer who wants to self-insure?
The Commissioner
An application for licensing as a self insurer must be filed
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
1|Page
,60
An application for workers' compensation self-insurance license must have at least ___ in total
fixed assets
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:
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:
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:
Claim surcharge
The insured CAN request the following initial information be added to a property policy
1. Deficiency charge
2. Basis Rate
3. Property improvement credits
A home loan provide may accept a binder as long as it
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
2|Page
, adopts a final report of a general examination that contains a review of these records,
whichever is later.
5
The North Carolina Motor Vehicle Reinsurance Facility provides automobile insurance to
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
An insurer may provide for premium surcharges for insureds having less than 3 years' driving
experience as licensed drivers.
SDIP points must be commensurate with the severity of the claimant's injury
A subclassification plan surcharge must be applied to a policy for 3 policy years
A major accident is an at-fault accident resulting in BI, death, or PD of at least $3,000
What are the minimum policy limits that the Facility will cover a risk ceded by a member
insurer?
30/60/25
The North Carolina Rate Bureau assesses and recommends rates for property and casualty
insurance against loss to residential contents and real property with not more than ____
housing units, theft and physical damage loss to nonfleet private passenger motor vehicles, and
Workers' Compensation and employers' liability insurance.
4
An example of an uninsured auto?
Auto without liability insurance
3|Page
