Free Insurance Regulation Practice Questions
Alaska Personal Lines exam — 233 practice questions.
Subtopics: Comparative negligence, Tort system, Guaranty association, Cancellation notice, Nonrenewal notice, Binder authority, Earned premium, Rate regulation, Surplus lines, Adjuster licensing, Misrepresentation, Director appointment, Director powers, Regulations, Orders and notices, Hearings, Notice of hearing, Stay of order, Appeals, Examination of records, Refusal to submit, Records inquiry, Record retention, Admitted insurer, Alien insurer, Foreign insurer, Stock insurer, Mutual insurer, Premium definition, Transacting insurance, Certificate of authority, Unlicensed compensation, Licensing qualifications, Fingerprints, Incomplete application, Exam exemption, Re-examination, Appointment deadline, Appointment duration, Termination for cause, Agent acts, Compliance officer, Employment contracts, Nonresident licensing, Service of process, Change of address, Reporting actions, Controlled business, Referral fees, License renewal, Expired license, Temporary license, Continuing education, Ethics CE, CE carryover, CE limits, CE exemption, Grounds for discipline, Suspension length, Summary suspension, Licensing penalties, Return of license, Fiduciary funds, Diverting premium, Commingling exception, Premium deposits, Cash receipts, Unfair trade penalties, Knowing violations, General civil penalty, Twisting, Defamation, Reporting immunity, Boycott and coercion, Unfair claims practices, Fraud warning, Fraud reporting, Felony consent, Financial planner claims, Planning fees, Licensed name, License exemption, P&C rebating, Accepting a rebate, Rebating exceptions, Unfair discrimination, Domestic violence, Advertising, False financial statements, Anticoercion, Borrower's choice, Premiums in credit transactions, Premium financing, Licensee financing, Premium finance default, Truth in Lending, Guaranty association purpose, Guaranty claim limit, Unearned premium claims, Guaranty workers comp, Guaranty coverage period, Guaranty accounts, Guaranty exclusions, Covered claim, Nonduplication, Guaranty assessments, Stay of proceedings, Guaranty membership, Guaranty surcharge, Managing general agent, MGA claims funds, MGA accounting, MGA qualifications, Surplus lines broker license, Independent adjuster, Adjuster experience, Adjuster trainee, Nonresident adjusters, Adjuster records, Firm license scope, Firm employees, Lines of authority, Limited licenses, Broker contract, Broker premium, Agency agreement, Producer limits, Form filing, Rate standards, Rate appeals, Fraudulent insurance acts, Overcharging premium, Credit disclosure, Credit as sole factor, Adverse action notice, Extraordinary life circumstances, Claim acknowledgment, Claim communications, Claim investigation, Claim decision, Undisputed amounts, Time-limit warning, Private action, Partial payments, Compelling litigation, Arbitration clauses, Guaranty association facts, Commercial insurance defined, Nonpayment of premium, Personal insurance defined, Personal cancellation reasons, Abandonment cancellation, Seniors' designee, Statement of reason, Return of premium, Insured cancellation fee, Refund timing, Nonrenewal, Late nonrenewal notice, Nonrenewal exceptions, Affiliate placement, Renewal changes, Multi-year policies, Mailing notices, Renewal defined, Surplus lines placement, Diligent search documentation, Declinations, Surplus lines notice, Surplus lines tax, Premium to broker, Exempt commercial purchaser, Surplus lines reports, Eligible insurers, Placement list, Surplus lines validity, Independently procured, Surplus lines facts, Fair Credit Reporting Act, Gramm-Leach-Bliley, Fraud and false statements, Do Not Call, Terrorism Risk Insurance Act, McCarran-Ferguson Act, Anti-money laundering, CAN-SPAM Act, FCRA reporting periods, FCRA adverse action, FCRA permissible purpose, FCRA disputes, Claims history databases, GLBA opt-out, GLBA privacy notice, GLBA enforcement, Prohibited persons (1033), Prohibited persons (1034), Telemarketing calling hours, Do-Not-Call exceptions, Do-Not-Call registry, History of regulation, Risk retention groups, Purchasing groups, Mandatory flood purchase, NFIP origin, Federal Insurance Office, NAIC role, Personal lines authority, Misrepresentation and advertising, Guaranty associations
Read the Insurance Regulation study guide
Sample questions & answers
1. Alaska allocates fault among parties in an accident using:
Pure comparative negligence
Alaska follows pure comparative fault: a claimant's own fault reduces the award proportionately but does not bar recovery.
2. For auto accident claims Alaska is best described as:
A tort or at-fault state
Alaska is a tort state in which an injured party may pursue the at-fault driver for damages.
3. If an Alaska property and casualty insurer becomes insolvent certain unpaid claims may be paid by the:
Alaska Insurance Guaranty Association
The state property and casualty guaranty association pays certain covered claims of an insolvent insurer.
4. Before canceling a personal auto or homeowners policy mid-term for a reason other than nonpayment, license suspension, crime, or fraud, an Alaska insurer must mail the insured (under age 70) notice at least:
30 days before the effective date
AS 21.36.220(a) requires 30 days for most personal cancellations, 20 days for nonpayment, and 10 days for license suspension, crime, or fraud.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
