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NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATEST ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) Latest Update$13.49
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NC ADJUSTER LICENSE EXAM AND PRACTICE EXAM LATEST ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) Latest Update
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NC ADJUSTER LICENSE
Institution
NC ADJUSTER LICENSE
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:
The maximum monthly limit of indemnity optional coverage
The traditional defi...
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NC ADJUSTER LICENSE EXAM AND
PRACTICE EXAM LATEST 2024-2025
ACTUAL EXAM 150 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) Latest Update
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:
✓ The maximum monthly limit of indemnity optional coverage
The traditional definition of actual cash value (ACV) is:
✓ 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 ground. Whose injuries will be covered by Sam's Homeowners
policy under Coverage E - Personal Liability?
✓ Only Dan's injuries would be covered
Torts that can be covered by insurance policies include all of the following, EXCEPT:
✓ Intentional torts purposely committed to cause harm to another.
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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:
✓ $2,000
All of the following is considered an "insured" under a CGL policy, EXCEPT:
✓ Lawyers of the named insured
What specific type of liability policy gives an owner protection against liability claims arising
out of the acts of its independent contractors?
✓ Owners and Contractors Protective Liability Policy.
Which of the following would be eligible for coverage under a Businessowners policy?
✓ A small retail store
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?
✓ 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
All of the following statements are TRUE of North Carolina automobile liability policies,
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✓ 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 Homeowners forms is:
✓ $1,000 per person
Oliver Dogwood was in an auto accident which destroyed his car. While investigating the
accident, Adjuster Doright found that Mr. Dogwood paid $1,000 for the vehicle. After
checking with others he found the same vehicle with an asking price of $1,700, a retail price
of $2,150 and a dealer price of $1,750. What amount will Mr. Dogwood receive?
✓ $2,150
When a claims representative is collecting information from a third-party claimant, which of
the following is the information that should be obtained first?
✓ The nature and extent of the injuries or property damage claimed.
The Business Auto uses Symbol 7 to cover "specifically described autos" identified in the
declarations. An auto acquired during the policy period will only be covered:
✓ If the insured insures all of their vehicles with the company or it replaces a covered auto..
What coverage under the BOP automatically applies if a customer slips and falls on the
named insured's premises, regardless of legal liability?
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