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NC ADJUSTER LICENSE EXAM QUESTIONS WITH CORRECT ANSWERS ALREADY GRADED A+
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NC ADJUSTER LICENSE EXAM QUESTIONS WITH CORRECT ANSWERS ALREADY GRADED A+
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ASCORERS STUVIANC ADJUSTER LICENSE EXAM QUESTIONS
WITH CORRECT ANSWERS ALREADY GRADED
A+
A blanket employee dishonesty bond will: ...ANS: Does not name the individuals.
A customer has eaten seafood in a restaurant and became very ill while still in the restaurant. What type of CGL claim is this? ...ANS: Products Liability
A guest on vacation deposits cash and traveler's checks in the hotel safe deposit box located behind the front desk. When the guest attempts to retrieve them, the box is empty. What coverage is required to cover this loss for the hotel? ...ANS: Guests property
A leased vehicle is considered to be a covered auto under the personal auto policy (PAP) if it is a private passenger auto leased for at least: ...ANS: 6 consecutive months
A licensee, for the second time, does not maintain records of insurance transactions as prescribed by the North Carolina Commissioner. He/she will: ...ANS: Have their license suspended or revoked for a one year period ASCORERS STUVIA
A method of setting claim reserves based on the claim's circumstances and the claim representative's experience in handling similar claims is known as: ...ANS: The individual case method
A typical boatowners policy includes all of the following coverages EXCEPT: ...ANS: When used to carry cargo for others for a fee
Alec goes to an amusement park and rides a roller coaster that was designed to flip the riders upside down. Alec is taller than the average person so when the roller coaster flips, he hits his head on the safety bar. After receiving medical care, Alec files a claim against the amusement park, seeking payment for his medical bills, pain and suffering. What defense against negligence would the amusement park most likely use to deny this claim? ...ANS: Assumption of Risk
All of the following are examples of insurable interest in property, EXCEPT: ...ANS: The interest an individual has in the property her parents will someday leave to her.
All of the following are exceptions to the workers' compensation exclusive remedy, EXCEPT: ...ANS: An on-the-
job injury caused by worker fatigue from working an excessive number of over-time hours..
All of the following are excluded under the 1943 Standard Fire policy, EXCEPT: ...ANS: The theft of property after it had been ASCORERS STUVIA
removed from the insured premises to protect it from further loss..
All of the following are excluded under the Commercial Building and Personal Property form, EXCEPT: ...ANS: Furniture and fixtures
All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: ...ANS: To produce notes that will support a fraudulent denial of claims.
All of the following are true regarding the "Write Your Own" program of the NFIP , EXCEPT: ...ANS: Insurers are required to participate in the program
All of the following are types of rehabilitative services provided
under a workers' compensation policy, EXCEPT: ...ANS: Substance abuse
All of the following is considered an "insured" under a CGL policy, EXCEPT: ...ANS: Lawyers of the named insured
All of the following statements are TRUE about Workers Compensation benefits, EXCEPT: ...ANS: Waiting periods apply to medical and disability benefits.
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