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NORTH CAROLINA PROPERTY AND CASUALTY
INSURANCE EXAM NEWEST 2025/ 2026 COMPLETE
450 QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||NEWEST VERSION!!!
Which of the following acts of an agent would be
considered an Unfair Trade Practice?
A)
Offering to review the applicant's insurance coverages
annually.
B)
Allowing an existing customer to use the agent's season
tickets to a sporting event.
C)
Stating that the marketing activities of another agent are
under investigation.
D)
Informing the applicant that having a pool on the property
may increase premiums. - Answer-C
A $1,000,000 Umbrella policy was issued over a
Homeowners policy with personal liability limits of
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$300,000. The umbrella could have been issued with a
$1,000 self-insured retention (SIR). The Homeowners
policy has canceled. However, the company issuing the
umbrella does not become aware of the homeowner's
cancellation until an occurrence takes place. An award of
$700,000 is granted to the injured party. How much will the
umbrella policy pay? - Answer-B
A Businessowner's policy is?
A)
A monoline policy.
B)
A self-contained complete package policy.
C)
Part of the commercial package policy.
D)
A special policy for large retail operations. - Answer-B
One of the following is considered to be a
misrepresentation and is illegal?
A)
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Circulating any derogatory statement calculated to injure
any person engaged in the business of insurance.
B)
Issuing a true statement about the terms of a policy issued
or to be issued.
C)
Returning a portion of the premium to the insured on a
basis not specified in the contract.
D)
Issuing a statement that is not entirely true about the
terms of a policy issued or to be issued. - Answer-D
Under a Businessowners Property coverage form, the
following happens?
A)
Optional coverages are not available.
B)
Coverage is provided for fire legal liability.
C)
The standard deductible is $250.
D)
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Coverage is provided for flood damage. - Answer-C
What is the definition of proximate cause?
A)
An event.
B)
A chain of events.
C)
The chain of events beginning with the peril that caused
the injury or damage.
D)
The chain of events that ends with the peril that caused
the injury or damage. - Answer-C
Which of the following would NOT be considered a
consequential loss?
A)
Loss of rental income.
B)
Damage to personal property.
C)
NORTH CAROLINA PROPERTY AND CASUALTY
INSURANCE EXAM NEWEST 2025/ 2026 COMPLETE
450 QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||NEWEST VERSION!!!
Which of the following acts of an agent would be
considered an Unfair Trade Practice?
A)
Offering to review the applicant's insurance coverages
annually.
B)
Allowing an existing customer to use the agent's season
tickets to a sporting event.
C)
Stating that the marketing activities of another agent are
under investigation.
D)
Informing the applicant that having a pool on the property
may increase premiums. - Answer-C
A $1,000,000 Umbrella policy was issued over a
Homeowners policy with personal liability limits of
,2|Page
$300,000. The umbrella could have been issued with a
$1,000 self-insured retention (SIR). The Homeowners
policy has canceled. However, the company issuing the
umbrella does not become aware of the homeowner's
cancellation until an occurrence takes place. An award of
$700,000 is granted to the injured party. How much will the
umbrella policy pay? - Answer-B
A Businessowner's policy is?
A)
A monoline policy.
B)
A self-contained complete package policy.
C)
Part of the commercial package policy.
D)
A special policy for large retail operations. - Answer-B
One of the following is considered to be a
misrepresentation and is illegal?
A)
,3|Page
Circulating any derogatory statement calculated to injure
any person engaged in the business of insurance.
B)
Issuing a true statement about the terms of a policy issued
or to be issued.
C)
Returning a portion of the premium to the insured on a
basis not specified in the contract.
D)
Issuing a statement that is not entirely true about the
terms of a policy issued or to be issued. - Answer-D
Under a Businessowners Property coverage form, the
following happens?
A)
Optional coverages are not available.
B)
Coverage is provided for fire legal liability.
C)
The standard deductible is $250.
D)
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Coverage is provided for flood damage. - Answer-C
What is the definition of proximate cause?
A)
An event.
B)
A chain of events.
C)
The chain of events beginning with the peril that caused
the injury or damage.
D)
The chain of events that ends with the peril that caused
the injury or damage. - Answer-C
Which of the following would NOT be considered a
consequential loss?
A)
Loss of rental income.
B)
Damage to personal property.
C)
