NC ADJUSTER LICENSING EXAM 2024
LATEST UPDATED COMPLETE 100
QUESTIONS WITH DETAILED VERIFIED
AND 100% CORRECT ANSWERS ACTUAL
NEW ALREADY GRADED A+
All of the following statements are TRUE of the terms
used in the standard workers' compensation policy,
EXCEPT: - ....ANSWER..."State" means any state of the
United States, the District of Columbia, and all territories
and possessions.
Under the comprehensive coverage of a Business Auto
policy, which of the following would not be a covered
loss? - ....ANSWER...After sliding on an icy pavement, a
driver hits a guard rail.
The Insurance Information & Privacy Protection Act
(IIPPA) requires insurers to conform to all of the following
standards, EXCEPT: - ....ANSWER...Give reasonable
notice for policy renewal and other policy changes..
The Section I Additional Coverage of the standard
Businessowners policy provides coverage for "Debris
Removal". Which of the following statements best
describes the limit for this coverage? - ....ANSWER...The
,total limit may be up to 25% of the policy limit for the loss
payable with the deductible included, plus up to an
additional $25,000 if the policy limits are exhausted
When would the Personal Auto policy respond to a loss
with an all-terrain three-wheeled vehicle? -
....ANSWER...When used in an emergency situation
Sarah is shopping at a grocery store and wants to purchase
a bottle of juice. The aisle is marked off with a rope
awaiting the clerk to clean up a previously broken bottle
and spill on the floor. Sarah moves the rope to get the item
and slips and falls on the floor, cutting her face on the
scattered glass. Which of the following would be the
defense that the insurance company would most likely use
in this situation? - ....ANSWER...Assumption of risk and
contributory negligence on the part of the customer
All of the following are excluded under the 1943 Standard
Fire policy, EXCEPT: - ....ANSWER...The theft of
property after it had been removed from the insured
premises to protect it from further loss..
Which of the following statements is NOT TRUE
regarding the "period of restoration" for Business Income
and Extra Expense coverage? - ....ANSWER...The period
of restoration ends when the policy period ends
Fidelity bonds are used to cover: -
....ANSWER...Employee dishonesty
,2|Page
Violating a cease and desist order issued by the North
Carolina Commissioner after finding a violation of the
Unfair Practices will result in a a monetary fine of: -
....ANSWER...A sum of not less than $1,000 nor more
than $5,000 for each violation
A licensee, for the second time, does not maintain records
of insurance transactions as prescribed by the North
Carolina Commissioner. He/she will: -
....ANSWER...Have their license suspended or revoked for
a one year period
Which of the following endorsements can be attached to
the Business Auto policy to extend coverage to individuals
such as the owner of the business who does not carry
personal auto insurance? - ....ANSWER...Drive Other Car
endorsement
Under the "Money Orders and Counterfeit Money"
insuring agreement of a standard Commercial Crime form,
all would be covered, EXCEPT: - ....ANSWER...Taking a
forged check from a customer in exchange for
merchandise..
Kim owns an Art studio where she offers painting lessons
and sells painting and art supplies. She carries a
, 3|Page
Commercial General Liability policy to cover her business.
Which of the following situations would be covered by
Kim's CGL insurance? - ....ANSWER...A client slips and
falls on wet paint that was dripped on the floor in Kim's art
studio. The client breaks her arm.
The North Carolina Insurance Code has established a
penalty for willfully making false statements in a financial
statement. The violator is considered: -
....ANSWER...Guilty of a Class I felony and can be subject
to a fine of not less than $2,000, nor more than $10,000
LATEST UPDATED COMPLETE 100
QUESTIONS WITH DETAILED VERIFIED
AND 100% CORRECT ANSWERS ACTUAL
NEW ALREADY GRADED A+
All of the following statements are TRUE of the terms
used in the standard workers' compensation policy,
EXCEPT: - ....ANSWER..."State" means any state of the
United States, the District of Columbia, and all territories
and possessions.
Under the comprehensive coverage of a Business Auto
policy, which of the following would not be a covered
loss? - ....ANSWER...After sliding on an icy pavement, a
driver hits a guard rail.
The Insurance Information & Privacy Protection Act
(IIPPA) requires insurers to conform to all of the following
standards, EXCEPT: - ....ANSWER...Give reasonable
notice for policy renewal and other policy changes..
The Section I Additional Coverage of the standard
Businessowners policy provides coverage for "Debris
Removal". Which of the following statements best
describes the limit for this coverage? - ....ANSWER...The
,total limit may be up to 25% of the policy limit for the loss
payable with the deductible included, plus up to an
additional $25,000 if the policy limits are exhausted
When would the Personal Auto policy respond to a loss
with an all-terrain three-wheeled vehicle? -
....ANSWER...When used in an emergency situation
Sarah is shopping at a grocery store and wants to purchase
a bottle of juice. The aisle is marked off with a rope
awaiting the clerk to clean up a previously broken bottle
and spill on the floor. Sarah moves the rope to get the item
and slips and falls on the floor, cutting her face on the
scattered glass. Which of the following would be the
defense that the insurance company would most likely use
in this situation? - ....ANSWER...Assumption of risk and
contributory negligence on the part of the customer
All of the following are excluded under the 1943 Standard
Fire policy, EXCEPT: - ....ANSWER...The theft of
property after it had been removed from the insured
premises to protect it from further loss..
Which of the following statements is NOT TRUE
regarding the "period of restoration" for Business Income
and Extra Expense coverage? - ....ANSWER...The period
of restoration ends when the policy period ends
Fidelity bonds are used to cover: -
....ANSWER...Employee dishonesty
,2|Page
Violating a cease and desist order issued by the North
Carolina Commissioner after finding a violation of the
Unfair Practices will result in a a monetary fine of: -
....ANSWER...A sum of not less than $1,000 nor more
than $5,000 for each violation
A licensee, for the second time, does not maintain records
of insurance transactions as prescribed by the North
Carolina Commissioner. He/she will: -
....ANSWER...Have their license suspended or revoked for
a one year period
Which of the following endorsements can be attached to
the Business Auto policy to extend coverage to individuals
such as the owner of the business who does not carry
personal auto insurance? - ....ANSWER...Drive Other Car
endorsement
Under the "Money Orders and Counterfeit Money"
insuring agreement of a standard Commercial Crime form,
all would be covered, EXCEPT: - ....ANSWER...Taking a
forged check from a customer in exchange for
merchandise..
Kim owns an Art studio where she offers painting lessons
and sells painting and art supplies. She carries a
, 3|Page
Commercial General Liability policy to cover her business.
Which of the following situations would be covered by
Kim's CGL insurance? - ....ANSWER...A client slips and
falls on wet paint that was dripped on the floor in Kim's art
studio. The client breaks her arm.
The North Carolina Insurance Code has established a
penalty for willfully making false statements in a financial
statement. The violator is considered: -
....ANSWER...Guilty of a Class I felony and can be subject
to a fine of not less than $2,000, nor more than $10,000
