NC PROPERTY INSURANCE PRACTICE EXAM
QUESTIONS (2026/2027) UPDATE|EXAM
QUESTIONS WITH MULTIPLE
CHOICES |VERIFIED & REVISED
ANSWERS (NEW)!!
Whichmpolicymcoversmmobilemhomesmliability,mtheft,mandmflood?
A)Mobilemhomempackagempolicy.B)DP-1.C)EndorsedmHO-2mpolicy.D)UnendorsedmHO-3mpolicy.m-
mCORRECTmANSWERmA
Anminsuredmthatmneedsmcoveragemformhermhomemandmitsmcontentsmagainstmlossmcausedmbymearthq
uakemcanmobtainmitmwith:
A)AnmunendorsedmDwellingmpolicy.B)EithermamseparatemEarthquakempolicymormamDP/HOmwithmanmE
arthquakemendorsementmattached.C)AnmunendorsedmHomeownersmpolicy.D)AmCommercialmProp
ertymcoveragemform.m-mCORRECTmANSWERmB
ThemRatemBureaumshallmmaintainmandmfurnishmtomthemCommissionermstatisticsmonmearningsmderive
dmbymmembermcompaniesmfrommtheminvestmentmofmunearnedmpremium,mloss,mandmlossmexpensem
reservesmonmnon-
fleetmprivatempassengermmotormvehicleminsurancempoliciesmwrittenminmthismStatemonmamfrequentmti
memschedule.mWhatmismthatmtimemschedule?
A)Semi-annually.B)Annually.C)Threemmonths.D)Sixmmonths.m-mCORRECTmANSWERmB
TimmgavemBobmam$75mgiftmcertificatemformbuyingminsurancemfrommhimmthismismcalled?
A)Twisting.B)Rebating.C)Defamation.D)GoodmBusiness.m-mCORRECTmANSWERmB
, Whatmlawmgivesmconsumersmrecoursemifmtheymaremdeniedminsurancemonmthembasismofminformation
mcontainedminmtheirmcreditmreports?
A)AssignedmRiskmLaw.B)FairmCreditmReportingmAct.C)ContributorymNegligencemAct.D)AbsolutemLia
bilitymLaw.m-mCORRECTmANSWERmB
hemNationalmFloodminsurancemprogrammismadministeredmby:
A)FEMA.B)IRS.C)NCDOI.D)ISO.m-mCORRECTmANSWERmA
Whenmmisrepresentingmampolicyminmanmeffortmtominducemampolicyholdermtomterminatemtheirmcurre
ntmpolicymandmpurchasemanothermone,mthemagentmismdoingmwhat?
A)Twisting.B)Rebating.C)Lying.D)Cheating.m-mCORRECTmANSWERmA
AllmofmthemfollowingmlossesmwouldmNOTmbemcoveredminmamDwellingmpolicymifmtheremismamvacancymfo
rm30mormmoremdaysmEXCEPT?
A)Damagemcausedmbymburglars.B)Accidentalmdischargemofmwatermormsteam.C)Windstorm.D)Theft,
mifmendorsed.m-mCORRECTmANSWERmC
AllmofmthemfollowingmaremFALSEmaboutmthemPostassessmentmInsurancemGuaranteemAssociationmEX
CEPT?
A)Theymassistmpolicyownersmtomassessmthemvaluemofmtheirmpropertymaftermanmaccident.B)Theymhel
pmavoidmfinancialmlossmtomclaimantsmbecausemofmtheminsolvencymofmanminsurer.C)Theymassessmthem
validitymofmanminsurermaftermamnegativemclaimmhasmbeenmfiled.D)TheymguaranteemtomthemDepartm
entmofmInsurancemamtruemassessmentmaboutmthemvaluemofmclaimsmaftermtheymhavembeenmmade.m-
mCORRECTmANSWERmB
Commercialmpropertympolicies,mbasicmcoverageminsuresmallmofmthemfollowingmperilsmEXCEPT:
A)Fallingmobjects.B)Vandalism.C)Windstorm.D)Sprinklermleakage.m-mCORRECTmANSWERmA
QUESTIONS (2026/2027) UPDATE|EXAM
QUESTIONS WITH MULTIPLE
CHOICES |VERIFIED & REVISED
ANSWERS (NEW)!!
Whichmpolicymcoversmmobilemhomesmliability,mtheft,mandmflood?
A)Mobilemhomempackagempolicy.B)DP-1.C)EndorsedmHO-2mpolicy.D)UnendorsedmHO-3mpolicy.m-
mCORRECTmANSWERmA
Anminsuredmthatmneedsmcoveragemformhermhomemandmitsmcontentsmagainstmlossmcausedmbymearthq
uakemcanmobtainmitmwith:
A)AnmunendorsedmDwellingmpolicy.B)EithermamseparatemEarthquakempolicymormamDP/HOmwithmanmE
arthquakemendorsementmattached.C)AnmunendorsedmHomeownersmpolicy.D)AmCommercialmProp
ertymcoveragemform.m-mCORRECTmANSWERmB
ThemRatemBureaumshallmmaintainmandmfurnishmtomthemCommissionermstatisticsmonmearningsmderive
dmbymmembermcompaniesmfrommtheminvestmentmofmunearnedmpremium,mloss,mandmlossmexpensem
reservesmonmnon-
fleetmprivatempassengermmotormvehicleminsurancempoliciesmwrittenminmthismStatemonmamfrequentmti
memschedule.mWhatmismthatmtimemschedule?
A)Semi-annually.B)Annually.C)Threemmonths.D)Sixmmonths.m-mCORRECTmANSWERmB
TimmgavemBobmam$75mgiftmcertificatemformbuyingminsurancemfrommhimmthismismcalled?
A)Twisting.B)Rebating.C)Defamation.D)GoodmBusiness.m-mCORRECTmANSWERmB
, Whatmlawmgivesmconsumersmrecoursemifmtheymaremdeniedminsurancemonmthembasismofminformation
mcontainedminmtheirmcreditmreports?
A)AssignedmRiskmLaw.B)FairmCreditmReportingmAct.C)ContributorymNegligencemAct.D)AbsolutemLia
bilitymLaw.m-mCORRECTmANSWERmB
hemNationalmFloodminsurancemprogrammismadministeredmby:
A)FEMA.B)IRS.C)NCDOI.D)ISO.m-mCORRECTmANSWERmA
Whenmmisrepresentingmampolicyminmanmeffortmtominducemampolicyholdermtomterminatemtheirmcurre
ntmpolicymandmpurchasemanothermone,mthemagentmismdoingmwhat?
A)Twisting.B)Rebating.C)Lying.D)Cheating.m-mCORRECTmANSWERmA
AllmofmthemfollowingmlossesmwouldmNOTmbemcoveredminmamDwellingmpolicymifmtheremismamvacancymfo
rm30mormmoremdaysmEXCEPT?
A)Damagemcausedmbymburglars.B)Accidentalmdischargemofmwatermormsteam.C)Windstorm.D)Theft,
mifmendorsed.m-mCORRECTmANSWERmC
AllmofmthemfollowingmaremFALSEmaboutmthemPostassessmentmInsurancemGuaranteemAssociationmEX
CEPT?
A)Theymassistmpolicyownersmtomassessmthemvaluemofmtheirmpropertymaftermanmaccident.B)Theymhel
pmavoidmfinancialmlossmtomclaimantsmbecausemofmtheminsolvencymofmanminsurer.C)Theymassessmthem
validitymofmanminsurermaftermamnegativemclaimmhasmbeenmfiled.D)TheymguaranteemtomthemDepartm
entmofmInsurancemamtruemassessmentmaboutmthemvaluemofmclaimsmaftermtheymhavembeenmmade.m-
mCORRECTmANSWERmB
Commercialmpropertympolicies,mbasicmcoverageminsuresmallmofmthemfollowingmperilsmEXCEPT:
A)Fallingmobjects.B)Vandalism.C)Windstorm.D)Sprinklermleakage.m-mCORRECTmANSWERmA
