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NC Adjuster License Exam Prep Material Newest 2025/
2026 Complete 100 Questions And Correct Detailed
Answers (Verified Answers)|Newest Version!!!
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: -
Answer-The maximum monthly limit of indemnity optional
coverage
The traditional definition of actual cash value (ACV) is: -
Answer-Replacement cost minus depreciation
Sam and Dan are working to clean out the gutters around
the roof on Sam's house. Sam and Dan are standing at
the top of separate ladders that are propped against the
side of Sam's house, when Dan's ladder begins to wobble
and ultimately falls into Sam's ladder. Both men and their
ladders crash to the ground. Whose injuries will be
covered by Sam's Homeowners policy under Coverage E -
Personal Liability? - Answer-Only Dan's injuries would be
covered
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Torts that can be covered by insurance policies include all
of the following, EXCEPT: - Answer-Intentional torts
purposely committed to cause harm to another.
The insured has a $1,000,000 personal umbrella policy
with a $5,000 retention limit. For a $7,000 liability loss not
covered under the insured's personal auto policy, but
covered under the umbrella policy, the insurance company
would pay: - Answer-$2,000
All of the following is considered an "insured" under a CGL
policy, EXCEPT: - Answer-Lawyers of the named insured
What specific type of liability policy gives an owner
protection against liability claims arising out of the acts of
its independent contractors? - Answer-Owners and
Contractors Protective Liability Policy.
Which of the following would be eligible for coverage
under a Businessowners policy? - Answer-A small retail
store
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Which of the following is NOT a correct statement in
determining the cost of a "comparable automobile" when a
physical damage loss has a occurred? - Answer-The cost
of a comparable automobile as determined by a
computerized automobile valuation service that produces
statistically valid fair market values within the United
States market
All of the following statements are TRUE of North Carolina
automobile liability policies, EXCEPT - Answer-If the
insured carries limits greater than the minimum financial
responsibility limits required by state law, they are not
required to carry Uninsured/Underinsured Motorists
coverage.
The basic limit for Coverage F -- Medical Payments of the
standard Homeowners forms is: - Answer-$1,000 per
person
Oliver Dogwood was in an auto accident which destroyed
his car. While investigating the accident, Adjuster Doright
found that Mr. Dogwood paid $1,000 for the vehicle. After
checking with others he found the same vehicle with an
asking price of $1,700, a retail price of $2,150 and a
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dealer price of $1,750. What amount will Mr. Dogwood
receive? - Answer-$2,150
When a claims representative is collecting information
from a third-party claimant, which of the following is the
information that should be obtained first? - Answer-The
nature and extent of the injuries or property damage
claimed.
The Business Auto uses Symbol 7 to cover "specifically
described autos" identified in the declarations. An auto
acquired during the policy period will only be covered: -
Answer-If the insured insures all of their vehicles with the
company or it replaces a covered auto..
What coverage under the BOP automatically applies if a
customer slips and falls on the named insured's premises,
regardless of legal liability? - Answer-Medical expense
coverage
When an insurer is called upon to defend a suit under a
CGL policy, the amount that can be paid for the defense
costs is: - Answer-Not limited
NC Adjuster License Exam Prep Material Newest 2025/
2026 Complete 100 Questions And Correct Detailed
Answers (Verified Answers)|Newest Version!!!
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: -
Answer-The maximum monthly limit of indemnity optional
coverage
The traditional definition of actual cash value (ACV) is: -
Answer-Replacement cost minus depreciation
Sam and Dan are working to clean out the gutters around
the roof on Sam's house. Sam and Dan are standing at
the top of separate ladders that are propped against the
side of Sam's house, when Dan's ladder begins to wobble
and ultimately falls into Sam's ladder. Both men and their
ladders crash to the ground. Whose injuries will be
covered by Sam's Homeowners policy under Coverage E -
Personal Liability? - Answer-Only Dan's injuries would be
covered
,2|Page
Torts that can be covered by insurance policies include all
of the following, EXCEPT: - Answer-Intentional torts
purposely committed to cause harm to another.
The insured has a $1,000,000 personal umbrella policy
with a $5,000 retention limit. For a $7,000 liability loss not
covered under the insured's personal auto policy, but
covered under the umbrella policy, the insurance company
would pay: - Answer-$2,000
All of the following is considered an "insured" under a CGL
policy, EXCEPT: - Answer-Lawyers of the named insured
What specific type of liability policy gives an owner
protection against liability claims arising out of the acts of
its independent contractors? - Answer-Owners and
Contractors Protective Liability Policy.
Which of the following would be eligible for coverage
under a Businessowners policy? - Answer-A small retail
store
,3|Page
Which of the following is NOT a correct statement in
determining the cost of a "comparable automobile" when a
physical damage loss has a occurred? - Answer-The cost
of a comparable automobile as determined by a
computerized automobile valuation service that produces
statistically valid fair market values within the United
States market
All of the following statements are TRUE of North Carolina
automobile liability policies, EXCEPT - Answer-If the
insured carries limits greater than the minimum financial
responsibility limits required by state law, they are not
required to carry Uninsured/Underinsured Motorists
coverage.
The basic limit for Coverage F -- Medical Payments of the
standard Homeowners forms is: - Answer-$1,000 per
person
Oliver Dogwood was in an auto accident which destroyed
his car. While investigating the accident, Adjuster Doright
found that Mr. Dogwood paid $1,000 for the vehicle. After
checking with others he found the same vehicle with an
asking price of $1,700, a retail price of $2,150 and a
, 4|Page
dealer price of $1,750. What amount will Mr. Dogwood
receive? - Answer-$2,150
When a claims representative is collecting information
from a third-party claimant, which of the following is the
information that should be obtained first? - Answer-The
nature and extent of the injuries or property damage
claimed.
The Business Auto uses Symbol 7 to cover "specifically
described autos" identified in the declarations. An auto
acquired during the policy period will only be covered: -
Answer-If the insured insures all of their vehicles with the
company or it replaces a covered auto..
What coverage under the BOP automatically applies if a
customer slips and falls on the named insured's premises,
regardless of legal liability? - Answer-Medical expense
coverage
When an insurer is called upon to defend a suit under a
CGL policy, the amount that can be paid for the defense
costs is: - Answer-Not limited
