North Carolina Property & Casualty Insurance License Exam — All Questions

What are North Carolina's current minimum bodily-injury auto liability limits?

• a.$15,000 per person / $30,000 per accident
• b.$25,000 per person / $50,000 per accident
• c.$30,000 per person / $60,000 per accident
• d.$50,000 per person / $100,000 per accident✓

Under North Carolina General Statute 20-279.21, the minimum motor-vehicle bodily-injury limits are $50,000 per person and $100,000 per accident, reflecting an increase to these figures. Because minimums can change, verify the current limits with the North Carolina Department of Insurance.

What is North Carolina's current minimum property-damage liability limit for an auto policy?

• a.$25,000 per accident
• b.$50,000 per accident✓
• c.$10,000 per accident
• d.North Carolina has no property-damage minimum

North Carolina General Statute 20-279.21 sets the minimum property-damage liability limit at $50,000 per accident, alongside the 50/100 bodily-injury minimums. These are statutory minimums that can change; confirm current figures with the North Carolina Department of Insurance.

How is North Carolina's auto insurance system best characterized with respect to the right to sue?

• a.A no-fault state that restricts auto injury lawsuits
• b.An add-on PIP state with mandatory first-party benefits
• c.A tort ('at-fault') state in which the injured party keeps the right to sue the at-fault driver✓
• d.A state with no financial-responsibility requirement

North Carolina is a tort, or at-fault, state: it does not mandate no-fault PIP, so an injured person keeps the right to sue the at-fault driver for damages. Compulsory liability coverage still applies under the state's financial-responsibility law. Confirm current requirements with the North Carolina Department of Insurance.