2025 SOUTH CAROLINA ADJUSTER LICENSING EXAM ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION

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SOUTH CAROLINA PROPERTY AND C M M M M




ASUALTY INSURANCE EXAM NEWEST M M M




VERSION ACTUAL 170 QUESTION AN
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D CORRECT DETAILED VERIFIED ANS
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WERS


When must the applicant be told that an investigative report will be obta
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ined?
a. When the application is made
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b. When the premium is paid
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c. When the loss occurs
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d. Prior to payment of the claim - ANS ✓A
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The Terrorism Risk Insurance Act (TRIA) was adopted following:
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a. The World Trade Center destruction on 9/11/01
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b. Hurricane Katrina - ANS ✓A
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Concealment involves intentionally hiding:
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a. An immaterial fact
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b. A material fact - ANS ✓B
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The purpose of the Fair Credit Reporting Act is to?
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a. Provide fair and accurate consumer credit reporting
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b. Make credit available to all persons regardless of credit history -
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ANS ✓A
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An applicant intentionally withholds material facts in an application. Thi
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s is a?
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a. Representation
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b. Concealment
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c. Misrepresenttion
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d. Warranty - ANS ✓B
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Which section of a property policy requires the Insured to submit a swor
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n proof of loss form?
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a. Declarations
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b. Exclusions
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c. Conditions
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d. Insuring Agreement - ANS ✓C
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Representations given by the Insured to the insurer are located in the?
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a. Conditions
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b. Declarations
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c. Application
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d. Insuring Agreements - ANS ✓C
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The best source of moral character information is the:
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a. Investigate report
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b. Application - ANS ✓A
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To collect on a loss, the Insured must comply with the procedures set fo
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rth in the?
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a. Exclusions
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b. Declaration
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c. Insuring Agreements
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d. Conditions - ANS ✓D
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Failure to file a Proof of Loss may result in:
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a. Policy cancellation
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b. Denial of the claim - ANS ✓B
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An applicant was denied insurance based on a consumer report. The app
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licant may: m



a. Receive the name and address of the reporting agency from the Insure
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r
b. Obtain a copy of the report through a request to the Insurer
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c. Examine the report after providing the Insurer with verification of ide
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ntification
d. Demand that the Insurer correct any error in the consumer report -
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ANS ✓A
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The Insurer can void a policy for each of the following EXCEPT:
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a. Intentional misrepresentation of a material fact
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b. Unintentional misrepresentation of a material fact - ANS ✓B
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Which section of the policy contains the insured's time limits for bringin
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g suit against the Insurer?
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a. Declaration
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b. Insuring Agreements
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c. Conditions
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d. Exclusions - ANS ✓C
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Which of the following statements regarding a contract of good faith is F
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ALSE?
a. All parties must rely on each other to be honest
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b. The insurer relies on the applicant to be truthful
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c. The insured relies on the insurer's promise to pay claims
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d. All parties rely on the contract to provide for an equal transfer of valu
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e between the parties - ANS ✓D
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Even though he owns several boats, the applicant states that he owns no
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boats. This is an example of:
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a. A warranty
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b. Subrogation
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c. Misrepresentation
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d. Concealment - ANS ✓C
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Which of the following is issued by the agent to notify the parties of the
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date coverage becomes effective?
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a. Presumption of proposition
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b. Binder
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c. Condition
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d. Quotation - ANS ✓B
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Which section of the policy contains the premium?
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a. Declaration
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b. Conditions
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c. Exclusions
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d. Insuring Agreements - ANS ✓A
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Which section of the policy contains the location of the risk (the insured
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property)?
a. Conditions
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b. Declaration
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c. Insuring Agreements
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d. Exclusions - ANS ✓B
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