NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM NEWEST
2024/2025 ACTUAL COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS /ALREADY GRADED A+.
How are death benefits calculated for an employee who has died
as a result of a work related incident? - ANSWER -66 2/3% of the
employee's average weekly wage for 500 weeks
What does the Small Business Administration (SBA) surety
bond program
provide? - ANSWER -Reimburses the sureties that
provide the bonds a
percentage of the losses sustained if the
contractor defaults. .
Which of the following represents an indirect loss? - ANSWER
-A kitchen fire
made a house untenable, causing the occupants to incur
hotel charges.
Which of the following statements is TRUE regarding the sections
of a Homeowners policy? - ANSWER -Section I coverages vary
greatly between the different HO forms.
,Sharon's home is covered under a Homeowners insurance policy
in North Carolina. She has also purchased the "Refrigerated
Property Coverage" endorsement to be attached to her policy.
Sharon wisely purchased this endorsement because she has a
large extended family that comes to her home on weekends for
her home-cooked meals and she stores expensive cuts of meat in
her freezer. One Friday morning Sharon goes to the freezer to pull
out several pounds of Italian sausage to begin cooking for the
weekend. When she opens the freezer a horrid smell fills her
home and she realizes that her freezer has stopped
working and all of her meat is spoiled. After collecting her receipts,
Sharon submits
a claim for the meat that totals $382. How much will the
insurance company pay
Sharon? - ANSWER -
$282
Under "pollution cleanup and removal" coverage under the
standard ISO BOP
form, when must a loss be reported? - ANSWER -
Within 180 days
Sean is covered under a standard, unendorsed Personal Auto
policy. He has an external hard drive connected to the
manufacturer-installed stereo system of the car, with thousands
,of digital music files stored there. The vehicle is broken into and
the hard drive is stolen. How will the insurance company handle
the claim for the hard drive? - ANSWER -Deny the claim in full
because this loss is excluded by Part D of the policy..
Under the Commercial Building and Personal Property Coverage
form, if no optional coverages are selected, loss
valuation/settlement is based on: - ANSWER -Actual cash value.
Which of the following is included in the Supplementary
Payments under a standardized Personal Automobile policy? -
ANSWER -Interest accruing after a
judgement is entered (post-judgement interest).
Pete's business is covered by a standard Businessowners policy.
He has been accused by a customer of displaying inaccurate
pricing on his website. Which of the following statements best
describes how this claim would be handled by the BOP? -
ANSWER -Coverage for any claim caused by a wrong description
of the price of goods, products or services is excluded by the
personal and advertising injury coverage of the BOP
The National Flood Insurance Program will pay which of the
following amounts to
, assist with moving of property to safety when there is imminent
flood danger? -
ANSWER -
$1000
Which sections of the Standard Fire policy are found on the
first page of the
policy? - ANSWER -The Declarations page and the
Insuring Agreement
Kim owns an Art studio where she offers painting lessons and
sells painting and art supplies. She carries a Commercial General
Liability policy to cover her business. Which of the following
situations would be covered by Kim's CGL insurance? - ANSWER
-A client slips and falls on wet paint that was dripped on the floor
in Kim's art studio. The client breaks her arm.
The North Carolina Insurance Code has established a penalty for
willfully making
false statements in a financial statement. The violator is
considered: - ANSWER
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2024/2025 ACTUAL COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS /ALREADY GRADED A+.
How are death benefits calculated for an employee who has died
as a result of a work related incident? - ANSWER -66 2/3% of the
employee's average weekly wage for 500 weeks
What does the Small Business Administration (SBA) surety
bond program
provide? - ANSWER -Reimburses the sureties that
provide the bonds a
percentage of the losses sustained if the
contractor defaults. .
Which of the following represents an indirect loss? - ANSWER
-A kitchen fire
made a house untenable, causing the occupants to incur
hotel charges.
Which of the following statements is TRUE regarding the sections
of a Homeowners policy? - ANSWER -Section I coverages vary
greatly between the different HO forms.
,Sharon's home is covered under a Homeowners insurance policy
in North Carolina. She has also purchased the "Refrigerated
Property Coverage" endorsement to be attached to her policy.
Sharon wisely purchased this endorsement because she has a
large extended family that comes to her home on weekends for
her home-cooked meals and she stores expensive cuts of meat in
her freezer. One Friday morning Sharon goes to the freezer to pull
out several pounds of Italian sausage to begin cooking for the
weekend. When she opens the freezer a horrid smell fills her
home and she realizes that her freezer has stopped
working and all of her meat is spoiled. After collecting her receipts,
Sharon submits
a claim for the meat that totals $382. How much will the
insurance company pay
Sharon? - ANSWER -
$282
Under "pollution cleanup and removal" coverage under the
standard ISO BOP
form, when must a loss be reported? - ANSWER -
Within 180 days
Sean is covered under a standard, unendorsed Personal Auto
policy. He has an external hard drive connected to the
manufacturer-installed stereo system of the car, with thousands
,of digital music files stored there. The vehicle is broken into and
the hard drive is stolen. How will the insurance company handle
the claim for the hard drive? - ANSWER -Deny the claim in full
because this loss is excluded by Part D of the policy..
Under the Commercial Building and Personal Property Coverage
form, if no optional coverages are selected, loss
valuation/settlement is based on: - ANSWER -Actual cash value.
Which of the following is included in the Supplementary
Payments under a standardized Personal Automobile policy? -
ANSWER -Interest accruing after a
judgement is entered (post-judgement interest).
Pete's business is covered by a standard Businessowners policy.
He has been accused by a customer of displaying inaccurate
pricing on his website. Which of the following statements best
describes how this claim would be handled by the BOP? -
ANSWER -Coverage for any claim caused by a wrong description
of the price of goods, products or services is excluded by the
personal and advertising injury coverage of the BOP
The National Flood Insurance Program will pay which of the
following amounts to
, assist with moving of property to safety when there is imminent
flood danger? -
ANSWER -
$1000
Which sections of the Standard Fire policy are found on the
first page of the
policy? - ANSWER -The Declarations page and the
Insuring Agreement
Kim owns an Art studio where she offers painting lessons and
sells painting and art supplies. She carries a Commercial General
Liability policy to cover her business. Which of the following
situations would be covered by Kim's CGL insurance? - ANSWER
-A client slips and falls on wet paint that was dripped on the floor
in Kim's art studio. The client breaks her arm.
The North Carolina Insurance Code has established a penalty for
willfully making
false statements in a financial statement. The violator is
considered: - ANSWER
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