NC adjuster license Questions with Detailed
Verified Answers 100% Correct Answers Already
Graded A+
Quiz: Surety Bond Ans: Guarantees performance
Quiz: binder Ans: temp insurance (effective 60 days)
Quiz: estoppel Ans: legal impediment to 1 party denying the consequence
of its own actions. if insured has waived a known right, they cannot reassess
that after the fact
Quiz: hostile fire Ans: fire than isnt cofined to its normal habitat
Quiz: representation Ans: "true to the best of ones knowledge"
Quiz: short rate Ans: applies if the insured canceled policy before the policy
expires. insurer will refund any premiums
Quiz: risk Ans: uncertainy of financial loss
Quiz: when must insurable interest exist in a propert insured contract Ans:
at both inception of policy and at DOL
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, Quiz: when in PAP do you not have to pay for transport Ans: theft
Quiz: how many occupants for a dwelling policy Ans: no more than 4
apartment units + no more than 5 occupants per unit
Quiz: an employee is driving his personal auto to make a delivery and gets in
an accident. what coverage? Ans: non-owned auto
Quiz: a tree lands on the insureds vehicle, who do you contact first? Ans:
the insured
Quiz: the commissioner is asisted by Ans: chief deputy commisioner
Quiz: continuing education Ans: 24 hours/ every 2 years
Quiz: which of the following is not a method of risk management?
a. avoidance
b. transfer
c. sharing
d. control Ans: control
Quiz: form of liability that would extend from child to parent is
a. strict
© 2025 Get it right Stuvia US All rights reserved
Verified Answers 100% Correct Answers Already
Graded A+
Quiz: Surety Bond Ans: Guarantees performance
Quiz: binder Ans: temp insurance (effective 60 days)
Quiz: estoppel Ans: legal impediment to 1 party denying the consequence
of its own actions. if insured has waived a known right, they cannot reassess
that after the fact
Quiz: hostile fire Ans: fire than isnt cofined to its normal habitat
Quiz: representation Ans: "true to the best of ones knowledge"
Quiz: short rate Ans: applies if the insured canceled policy before the policy
expires. insurer will refund any premiums
Quiz: risk Ans: uncertainy of financial loss
Quiz: when must insurable interest exist in a propert insured contract Ans:
at both inception of policy and at DOL
© 2025 Get it right Stuvia US All rights reserved
, Quiz: when in PAP do you not have to pay for transport Ans: theft
Quiz: how many occupants for a dwelling policy Ans: no more than 4
apartment units + no more than 5 occupants per unit
Quiz: an employee is driving his personal auto to make a delivery and gets in
an accident. what coverage? Ans: non-owned auto
Quiz: a tree lands on the insureds vehicle, who do you contact first? Ans:
the insured
Quiz: the commissioner is asisted by Ans: chief deputy commisioner
Quiz: continuing education Ans: 24 hours/ every 2 years
Quiz: which of the following is not a method of risk management?
a. avoidance
b. transfer
c. sharing
d. control Ans: control
Quiz: form of liability that would extend from child to parent is
a. strict
© 2025 Get it right Stuvia US All rights reserved
