Nc adjuster exam Study guides, Revision notes & Summaries

The most common method of risk management is: A. The sharing of risk B. The assumption of risk C. The transfer of risk D. Risk avoidance - Answer- C. The transfer of risk Which of the following types of risk is associated with change is not insurable? A. Fundamental risk B. Particular risk C. Dynamic risk D. Static risk - Answer- C. Dynamic risk Insurers are able to calculate their probable losses and to establish the rates for premiums that will cover losses and operating expe...

Robbery involves all of the following, EXCEPT: A. The presence of the insured B. Criminal intent C. A threat of violence D. Burglary - Answer- D. Burglary Under the "Loss Sustained" Crime Insurance form, there is coverage while the policy is in force and for up to: A. 6 months after the policy expires B. One year after the policy expires C. 60 days after the policy expires D. 30 days after the policy expires - Answer- B. One year after the policy expires Crime insurance termino...

NC adjuster Exam Questions and Answers Already Passed Inception/Expiration Date The date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date The date on which the loss occurred Identification of Parties involve The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s) Policy form /Number Id...

NC Adjuster License Practice Exam (With Complete Solution) 2023 – 2024

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Robbery involves all of the following, EXCEPT: A. The presence of the insured B. Criminal intent C. A threat of violence D. Burglary - Answer D. Burglary Under the "Loss Sustained" Crime Insurance form, there is coverage while the policy is in force and for up to: A. 6 months after the policy expires B. One year after the policy expires C. 60 days after the policy expires D. 30 days after the policy expires - Answer B. One year after the policy expires Crime insurance terminology re...

NC adjuster Exam Questions and Answers Already Passed Inception/Expiration Date - Answer ️️ -The date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date - Answer ️️ -The date on which the loss occurred Identification of Parties involve - Answer ️️ -The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names ...

NC adjuster Exam CORRECT ANSWERS REVISED 2023 Inception/Expiration Date - correct answersThe date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date - correct answersThe date on which the loss occurred Identification of Parties involve - correct answersThe loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names an...

The most common method of risk management is: A. The sharing of risk B. The assumption of risk C. The transfer of risk D. Risk avoidance C. The transfer of risk Which of the following types of risk is associated with change is not insurable? A. Fundamental risk B. Particular risk C. Dynamic risk D. Static risk C. Dynamic risk Insurers are able to calculate their probable losses and to establish the rates for premiums that will cover losses and operating expenses, by u...