UPDATED NC ADJUSTER LICENSE PRACTICE EXAM QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED

UPDATED NC ADJUSTER LICENSE PRACTICE EXAM QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED
Question : Smith and Jones own a building equally with
an actual cash value of $100,000. It is insured for
$100,000 in the name of Smith only, and burns to the
ground.
I. Smith gets all $100,000.
II. Smith and Jones share equally in the $100,000.
III. Smith gets $50,000.
IV. Jones gets nothing.
A)I only.
B)I and IV.
C)III only.
D)III and IV.
Correct Answer: D)III and IV.

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