1|Page
NC ADJUSTER LICENSING EXAM QUESTIONS AND
CORRECT ANSWERS| ACCURATE REAL EXAM WITH
FREQUENTLY TESTED QUESTIONS
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
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
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that produces statistically valid fair market values within the
United States market
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
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ground. Whose injuries will be covered by Sam's Homeowners
policy under Coverage E - Personal Liability?
......answer.....Only Dan's injuries would be covered
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
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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
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
NC ADJUSTER LICENSING EXAM QUESTIONS AND
CORRECT ANSWERS| ACCURATE REAL EXAM WITH
FREQUENTLY TESTED QUESTIONS
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
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
,2|Page
that produces statistically valid fair market values within the
United States market
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
,3|Page
ground. Whose injuries will be covered by Sam's Homeowners
policy under Coverage E - Personal Liability?
......answer.....Only Dan's injuries would be covered
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
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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
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
