Alaska Property Insurance Exam Questions
And Answers Latest Top Score.
An Insurance Binder may be issued for a maximum of how many days - correct
answer. 90 days
An Insurance licensee may not enter into agreement to - correct answer. 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? - correct answer. A designated licensed officer or partner (Compliance
officer)
Ocean Marine insurance differs from Inland marine insurance why? - correct answer.
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 - correct answer. 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 - correct answer.
The insuring agreement
An insurance RISK can best be described as - correct answer. 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? - correct answer.
The declarations section
What is Direct Loss? - correct answer. Living room furniture destroyed in a fire
originating in a kitchen is a direct loss.
Define Twisting - correct answer. Illegal activity in which an agent convinces a
prospect to cancel existing insurance and buy another policy from the agent to
detriment of the prospect
And Answers Latest Top Score.
An Insurance Binder may be issued for a maximum of how many days - correct
answer. 90 days
An Insurance licensee may not enter into agreement to - correct answer. 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? - correct answer. A designated licensed officer or partner (Compliance
officer)
Ocean Marine insurance differs from Inland marine insurance why? - correct answer.
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 - correct answer. 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 - correct answer.
The insuring agreement
An insurance RISK can best be described as - correct answer. 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? - correct answer.
The declarations section
What is Direct Loss? - correct answer. Living room furniture destroyed in a fire
originating in a kitchen is a direct loss.
Define Twisting - correct answer. Illegal activity in which an agent convinces a
prospect to cancel existing insurance and buy another policy from the agent to
detriment of the prospect
