ALASKA PROPERTY INSURANCE EXAM
2026 QUESTIONS WITH 100% CORRECT
ANSWERS
An Insurance Binder may be issued for a maximum of how many days --ANS>>>90 days
An Insurance licensee may not enter into agreement to --ANS>>>Get a pay of commission or
compensation to a person or organization not licensed, and or anything of value example a vacation or
dinner.
The person responsible for firms adherence to the insurance statutes and regulations of Alaska is? --
ANS>>>A designated licensed officer or partner (Compliance officer)
Ocean Marine insurance differs from Inland marine insurance why? --ANS>>>If it's going internationally,
then it would be covered under ocean marine, if it's being shipped domestically, then it would be inland
marine.
An Insurance company must assume which of the following responsibilities to terminate a producers
license appointment for cause --ANS>>>A notice of termination that states the reasons must be mailed
at least 10 days before eff. Of termination
The portion of the insurance policy listing company promises is --ANS>>>The insuring agreement
An insurance RISK can best be described as --ANS>>>When a person purchases insurance, the risks he
might face include storm damage, fire, theft or car accident
The named insured is listed in which sections of the property policy? --ANS>>>The declarations section
What is Direct Loss? --ANS>>>Living room furniture destroyed in a fire originating in a kitchen is a direct
loss.
2026 QUESTIONS WITH 100% CORRECT
ANSWERS
An Insurance Binder may be issued for a maximum of how many days --ANS>>>90 days
An Insurance licensee may not enter into agreement to --ANS>>>Get a pay of commission or
compensation to a person or organization not licensed, and or anything of value example a vacation or
dinner.
The person responsible for firms adherence to the insurance statutes and regulations of Alaska is? --
ANS>>>A designated licensed officer or partner (Compliance officer)
Ocean Marine insurance differs from Inland marine insurance why? --ANS>>>If it's going internationally,
then it would be covered under ocean marine, if it's being shipped domestically, then it would be inland
marine.
An Insurance company must assume which of the following responsibilities to terminate a producers
license appointment for cause --ANS>>>A notice of termination that states the reasons must be mailed
at least 10 days before eff. Of termination
The portion of the insurance policy listing company promises is --ANS>>>The insuring agreement
An insurance RISK can best be described as --ANS>>>When a person purchases insurance, the risks he
might face include storm damage, fire, theft or car accident
The named insured is listed in which sections of the property policy? --ANS>>>The declarations section
What is Direct Loss? --ANS>>>Living room furniture destroyed in a fire originating in a kitchen is a direct
loss.
