North Carolina Adjuster License Final Actual Exam
Newest 2026-2027 With Complete Questions And
Correct Detailed Answers| Brand New Version!
That portion of an elevated building below the lowest elevated floor
that is either partially or fully shut-in by rigid walls? - ANSWER-
Enclosure
Construction or substantial improvement that started on or after the
effective date of the initial Flood Insurance Rate Map (FIRM) of the
community or after December 31, 1974, whichever is later? - ANSWER-
Post FIRM Construction
Increased Cost of Compliance provides coverage up to? - ANSWER-
$30,000
Any area of a building which has its floor subgrade (below ground) on
all sides is considered? - ANSWER-Basement
Mexico coverage for your policy covers occasional trips into Mexico that
do not exceed? - ANSWER-25 miles from the United States border
1|Page
,This coverage covers the cost of replacing or repairing your car if it is
stolen or damaged by fire, vandalism, hail, falling objects or other
causes other than collision? - ANSWER-Comprehensive
This settlement option between the insured and the insurer is used to
resolve any disagreement except those regarding the value of a loss? -
ANSWER-Arbitration
This type of insurance is basically a package of coverages suited for
automobile dealers? - ANSWER-Garage Coverage Form
The current minimum Liability limits in Texas are? - ANSWER-30/60/25
Damage to the autos of an automobile dealer may be covered under
this section of coverage, including autos used in the operation of the
business or those being held for sale - ANSWER-Dealers Physical
Damage
The penalties for violating the state's financial responsibility laws on
your first offense is? - ANSWER-$175 to $350
Auto claims are settled at? - ANSWER-Actual Cash Value
2|Page
, What coverage covers claims that arise from injury or damage occurring
before the policy period, but reported to the insurer after the policy
period begins? - ANSWER-Prior acts - nose
What type of insurance would an Insurance Agent need to protect
against claims made against them or their agency due to negligent acts?
- ANSWER-Errors & Omissions Insurance
Businesses need liability insurance for the following reason(s)? -
ANSWER-To cover the business from liability arising from products
manufactured or sold
Commercial general liability insurance is best describes as follows? -
ANSWER-Insurance that covers business liability hazards
If an individual that is expected to have extensive technical knowledge
or training in a particular area of expertise, makes a mistake while
working and injures someone physically. What type of liability
protection would that person need? - ANSWER-Professional Liability
Insurance
Three sections of Commercial General Liability are? - ANSWER-
Professional, Product, and Premises
3|Page
Newest 2026-2027 With Complete Questions And
Correct Detailed Answers| Brand New Version!
That portion of an elevated building below the lowest elevated floor
that is either partially or fully shut-in by rigid walls? - ANSWER-
Enclosure
Construction or substantial improvement that started on or after the
effective date of the initial Flood Insurance Rate Map (FIRM) of the
community or after December 31, 1974, whichever is later? - ANSWER-
Post FIRM Construction
Increased Cost of Compliance provides coverage up to? - ANSWER-
$30,000
Any area of a building which has its floor subgrade (below ground) on
all sides is considered? - ANSWER-Basement
Mexico coverage for your policy covers occasional trips into Mexico that
do not exceed? - ANSWER-25 miles from the United States border
1|Page
,This coverage covers the cost of replacing or repairing your car if it is
stolen or damaged by fire, vandalism, hail, falling objects or other
causes other than collision? - ANSWER-Comprehensive
This settlement option between the insured and the insurer is used to
resolve any disagreement except those regarding the value of a loss? -
ANSWER-Arbitration
This type of insurance is basically a package of coverages suited for
automobile dealers? - ANSWER-Garage Coverage Form
The current minimum Liability limits in Texas are? - ANSWER-30/60/25
Damage to the autos of an automobile dealer may be covered under
this section of coverage, including autos used in the operation of the
business or those being held for sale - ANSWER-Dealers Physical
Damage
The penalties for violating the state's financial responsibility laws on
your first offense is? - ANSWER-$175 to $350
Auto claims are settled at? - ANSWER-Actual Cash Value
2|Page
, What coverage covers claims that arise from injury or damage occurring
before the policy period, but reported to the insurer after the policy
period begins? - ANSWER-Prior acts - nose
What type of insurance would an Insurance Agent need to protect
against claims made against them or their agency due to negligent acts?
- ANSWER-Errors & Omissions Insurance
Businesses need liability insurance for the following reason(s)? -
ANSWER-To cover the business from liability arising from products
manufactured or sold
Commercial general liability insurance is best describes as follows? -
ANSWER-Insurance that covers business liability hazards
If an individual that is expected to have extensive technical knowledge
or training in a particular area of expertise, makes a mistake while
working and injures someone physically. What type of liability
protection would that person need? - ANSWER-Professional Liability
Insurance
Three sections of Commercial General Liability are? - ANSWER-
Professional, Product, and Premises
3|Page
