NC ADJUSTER LICENSE EXAM AND PRACTICE
EXAM LATEST 2024-2025 ACTUAL EXAM 150
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS)
Terms in this set (135)
Manny is purchasing a The maximum monthly limit of indemnity optional
Commercial Property policy coverage
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 traditional definition of Replacement cost minus depreciation
actual cash value (ACV) is:
,Sam and Dan are working Only Dan's injuries would be covered
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?
Torts that can be covered Intentional torts purposely committed to cause harm to
by insurance policies another.
include all of the following,
EXCEPT:
The insured has a $2,000
$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:
All of the following is Lawyers of the named insured
considered an "insured"
under a CGL policy,
EXCEPT:
, What specific type of Owners and Contractors Protective Liability Policy.
liability policy gives an
owner protection against
liability claims arising out of
the acts of its independent
contractors?
Which of the following A small retail store
would be eligible for
coverage under a
Businessowners policy?
Which of the following is The cost of a comparable automobile as determined by
NOT a correct statement in a computerized automobile valuation service that
determining the cost of a produces statistically valid fair market values within the
"comparable automobile" United States market
when a physical damage
loss has a occurred?
All of the following If the insured carries limits greater than the minimum
statements are TRUE of financial responsibility limits required by state law, they
North Carolina automobile are not required to carry Uninsured/Underinsured
liability policies, EXCEPT Motorists coverage.
The basic limit for Coverage $1,000 per person
F -- Medical Payments of
the standard Homeowners
forms is:
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