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NC ADJUSTER LICENSE ACTUAL EXAM WITH STUDY GUIDE
NEWEST ACTUAL EXAM 400 QUESTIONS AND CORRECT
DETAILED ANSWERS BEST RATED EXCELLENT TOOL FOR NC
ADJUSTER LICENSE STUDY
NC ADJUSTER LICENSE ACTUAL EXAM A
An insured's acceptance of a having a large deductible on an insurance policy is an example of which method of handling risk?Sharing (Retention) The first number in a split limits liability policy indicates which of the following?The amount paid for any one single bodily injury claim J is a building contractor and has a variety of power tools at several job sites. He wishes to insure all the tools under one insurance policy. The insurance policy will refer to the coverage as ____.Blanket Coverage In the Supplementary Payments section of the Personal Auto Policy (PAP), coverage is provided for Bail Bonds. What is the standard amount of coverage?
$250.00
Which of the following vehicles would NOT be covered by the Personal Auto Policy?An International Harvester panel truck used to deliver orders for the insured's business A tree limb falls onto B's motor vehicle during a windstorm and damages the windshield.Which coverage part of B's Personal Auto Policy will cover the loss? 1 / 4
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2 Coverage D- Physical Damage (Damage to Your Auto) Which of the following statements about an insured under the Personal Auto Policy (PAP) is
CORRECT?
The insured and spouse if living in the same household The Personal Auto Policy is referred to as a _______ policy.Per occurrence J decides to cancel his Personal Auto Policy (PAP) during the policy period. He has paid premiums for six (6) months coverage, but is only three (3) months into the policy period.What will happen to the unearned premium?The insurer will refund the premium on a short rate basis.E borrows J's motor vehicle to run an errand. Unfortunately, E is involved in an at-fault accident. J's motor vehicle is damaged in the accident. Whose motor vehicle policy will pay for the damage to J's motor vehicle damage?J's Collision Coverage The Personal Auto Policy (PAP) may be cancelled for all of the following reasons EXCEPT ____.The named insured moves to a new address without giving the insurer prior notice B comes out of a store to find her car has been damaged by another .. There are no witnesses to the damage. She wishes to file a damage claim under her Uninsured Motorists coverage.The insurer will respond how?She cannot file under her Uninsured Motorists Coverage The Personal Auto Policy (PAP) would NOT provide coverage under which of the following situations? 2 / 4
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3 A non-resident of the household is driving the insured vehicle without permission of a resident of the household.Which of the following locations would the Personal Auto Policy (PAP) be in effect?San Juan, Puerto Rico Which of the following is NOT an exclusion common to a Personal Auto Policy (PAP)?Bodily injury caused by a person using the vehicle without a reasonable belief that he or she is entitled to do so J has an motor vehicle covered by a Personal Auto Policy (PAP). J has Other Than Collision coverage on the policy with a $250.00 per occurrence deductible. His motor vehicle is vandalized causing $1,000 damage to the motor vehicle. Which of the following statements regarding his coverage is CORRECT?J can file a claim and be reimbursed the $1,000 minus his deductible.In the Personal Auto Policy (PAP) settlement for claims with Damage To Your Auto (Physical Damage) is made on an ________ basis.Actual Cash Value Which of the following statements is NOT correct about liability coverage under the Personal Auto Policy (PAP)?A 90-day leased vehicle is acceptable under the Personal Auto Policy (PAP).The following are types of vehicles eligible for coverage under the Personal Auto Policy (PAP) EXCEPT a ____.Dump Truck 3 / 4
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4 Uninsured Motorist coverage in a Personal Auto Policy (PAP) provides payments for which of the following?Bodily injury to the insured.J is involved in an at-fault motor vehicle accident. He carries split limits of 50/100/50 on his Personal Auto Policy (PAP) with a $500 deductible on his Collision. J injures Q in the accident.Q's medical bills total $39,500. Q's property damage is $12,000. How much will J's policy pay?
$51,500.00
Which of the following is NOT a required coverage in the Personal Auto Policy (PAP)?Medical Payments B has a Personal Auto Policy (PAP) with split limits of $30,000/$60,000/25,000 (30/60/25) and a $500 deductible for Collision coverage. She negligently runs into S's car. S is awarded $30,000 for her bodily injuries and $5,000 for the damage to her car. B's car is damaged to the extent of $2,500. The total payment made under B's policy is ____.
$37,000.00
When an insured covered by a Personal Auto Policy (PAP) is driving a non-owned automobile on which there is other valid motor vehicle insurance, the coverage carried by the insured driving the non-owned vehicle is considered what type of insurance?Excess With regards to the Medical Payments section of the Personal Auto Policy (PAP), the insurer agrees to pay reasonable expenses for necessary medical and funeral services incurred within ________ of the date of an accident without regard to fault.A three years
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