North Carolina Claims Adjuster

Under North Carolina General Statute 58-33-10, who is defined as an 'adjuster'?

• AOnly employees of insurance companies
• BAny individual who, for compensation, investigates or reports to their principal regardin…
• COnly public adjusters representing policyholders
• DOnly licensed attorneys handling insurance claims

Under NCGS 58-33-26(a), what is prohibited without a license in North Carolina?

• AOnly selling insurance without a license
• BActing as or holding oneself out to be an insurance producer, limited representative, adj…
• COnly adjusting auto claims without a license
• DOnly acting as a public adjuster without a license

What is the minimum age to obtain an adjuster license in North Carolina?

• A16 years old
• B18 years old
• C21 years old
• D25 years old

Under NCGS 58-33-30(e), what must an applicant do before being licensed as an adjuster?

• AComplete a 6-month apprenticeship only
• BTake and pass an examination testing competence as prescribed by the Commissioner
• COnly submit an application and fee
• DComplete a college-level insurance course

What is the learner's permit provision under NCGS 58-33-70(c)?

• AA permanent license for new adjusters
• BA 90-day permit allowing an applicant to act as an adjuster under supervision while prepa…
• CA 1-year provisional license
• DA permit to study insurance textbooks

What does the employer's certificate for a NC learner's permit must certify?

• AOnly that the applicant is employed
• BThat the applicant is of good character, employed by the signer, and will operate as a st…
• COnly that the employer has insurance coverage
• DOnly that the applicant has completed pre-licensing education

Under NCGS 58-33-70(a), what is prohibited for licensed adjusters in North Carolina?

• AAdjusting claims in other states
• BEngaging in the practice of law
• CWorking for more than one insurance company
• DAdjusting claims on weekends

Can an insurance producer act as an adjuster in North Carolina without an adjuster license?

• ANo, never under any circumstances
• BYes, on behalf and on request of an insurer by which they are appointed, as long as their…
• CYes, for any claims they choose
• DOnly for claims under $5,000

What is the emergency adjuster provision under NCGS 58-33-70(e)?

• AEmergency adjusters are permanently exempt from licensing
• BThe Commissioner may permit an experienced out-of-state adjuster to work temporarily in N…
• COnly NC residents can serve as emergency adjusters
• DEmergency adjusters can only work on flood claims

When do NC adjuster licenses renew?

• AJanuary 1 each year
• BApril 1 each year, with the Commissioner able to establish staggered renewal dates
• COn the licensee's birthday
• DEvery two years on the anniversary of issuance

As of July 2, 2024, what change was made regarding NC adjuster and producer licenses?

• AAll adjuster licenses were revoked
• BIt is now permissible to simultaneously hold an adjuster license and a producer license w…
• CAdjuster licenses were merged with producer licenses
• DThe exam requirement was eliminated

Before its repeal effective July 2, 2024, what did NCGS 58-33-26(p) provide regarding the adjuster examination when switching between an adjuster license and a producer license?

• AThe exam was automatically waived for any switch
• BIf the individual applied for the other license within 60 days after surrendering the fir…
• CBoth examinations had to be taken in every case
• DNo examination was ever required when switching between the two license types

What is the NC public adjuster bond requirement?

• A$5,000
• B$10,000
• C$20,000
• D$50,000

Are fingerprints required for NC adjuster license applicants?

• ANo, fingerprints are never required
• BYes, NC resident public adjuster applicants must submit fingerprints for state and federa…
• COnly non-resident applicants need fingerprints
• DFingerprints are only required for producers, not adjusters

What activities constitute licensable 'adjuster acts' in North Carolina?

• AOnly approving final claim payments
• BInvestigating, negotiating, and settling insurance claims for compensation
• COnly entering data into claims systems
• DOnly taking initial loss reports

What is exempted from the NC adjuster licensing requirement?

• AAll insurance company employees
• BAttorneys adjusting losses incidental to their practice, adjusters of marine losses, and…
• CAny person with 5+ years experience
• DAll adjusters working for national firms

Under NCGS 58-33-30(e)(2), when can the Commissioner require a licensed adjuster to retake an examination?

• AAt any time without cause
• BWhen the licensee has been found guilty of violating any provision of Chapter 58
• COnly upon license renewal
• DOnly when the adjuster changes employers

What special licensing requirement exists for NC adjusters handling federal crop insurance claims?

• ANo special requirements exist
• BThey must be certified as having passed a proficiency examination approved by the federal…
• CThey only need a standard adjuster license
• DThey must be employed by the USDA

What is the NC public adjuster licensing law found in?

• ANCGS Chapter 58, Article 33 only
• BNCGS Chapter 58, Article 33A (separate from general adjuster provisions)
• CNCGS Chapter 58, Article 12
• DNC Administrative Code Title 11

What is the principle of indemnity as applied in NC insurance claims?

• AThe insured should receive more than their actual loss
• BThe insured should be restored to their pre-loss financial position without profit or gain
• CThe insurer must always pay the full policy limit
• DBoth parties share the loss equally

What is subrogation in NC insurance claims?

• AThe insured's right to change insurance companies
• BThe insurer's right to pursue a responsible third party for recovery after paying a claim…
• CA method of canceling an insurance policy
• DThe process of filing a claim with the NC DOI