Alaska Casualty Web CE Course Exam
Questions | 100% Correct Answers |
Verified | Latest 2025/2026 Version
AK Property Exam Prep Course - CORRECT ANSWERS Alaska Property Insurance Web CE
A motor vehicle owner must provide proof of financial responsibility if he or she is involved in an
accident causing bodily injury, death, or property damage greater than what amount? - CORRECT
ANSWERS $501
The advance of a premium by a licensee in the name of the insured who is purchasing a contract of
insurance, if the insured has not yet paid the premium, must be documented in a
Advance premium agreement
Advance premium refund agreement
Rider to the insurance contract
Premium finance agreement - CORRECT ANSWERS Premium finance agreement
To boost her sales at the end of the year, Trudy started offering potential clients a $250 cash gift card in
exchange for purchasing a homeowners insurance policy. Which ethical sales practice has Trudy
violated?
Churning
Rebating
Twisting
Falsifying information - CORRECT ANSWERS Rebating
,How many hours of continuing education courses must a producer complete every two years?
20 hours
40 hours
24 hours
30 hours - CORRECT ANSWERS 24 hours
What must a person do if his or her driver's license has been suspended?
Pay a $1,000 fine
Immediately notify the insurance company
Immediately return his or her driver's license to the Division
Cancel his or her motor vehicle insurance policy - CORRECT ANSWERS Immediately notify the
insurance company
A motor vehicle owner must provide proof of financial responsibility if he or she is involved in accident
causing bodily injury, death, or property damage greater than what amount?
$1,001
$5,000
$501
$1,000 - CORRECT ANSWERS $501
Employer is headquartered in Minnesota (which is listed in item 3.A. of its workers compensation
policy), but its employees are apt to travel to any other state for various business reasons. In this case,
the most appropriate entry for Item 3.C., "Other States Insurance," is:
,"all states and U.S. territories except North Dakota, Ohio, Washington, West Virginia, Wyoming, Puerto
Rico, the U.S. Virgin Islands, and Minnesota"
"all states and U.S. territories"
"None"
"all states except Minnesota" - CORRECT ANSWERS "all states and U.S. territories except North
Dakota, Ohio, Washington, West Virginia, Wyoming, Puerto Rico, the U.S. Virgin Islands, and Minnesota"
Which statement correctly describes how risk retention groups are regulated?
They are not regulated.
They are subject to federal regulation rather than state regulation.
They are subject to more state regulation than regular insurance companies.
They are subject to less state regulation than regular insurance companies. - CORRECT ANSWERS
They are subject to less state regulation than regular insurance companies.
While driving, Terri ran a red light and broadsided Victor's pickup. Victor was hospitalized for a week and
spent another month recovering from injuries he suffered from the accident. In addition to paying his
medical bills and reimbursing his lost wages, Terri's insurer was required to pay additional damages for
Victor's pain and suffering, which are considered:
special damages
general damages
punitive damages
compensatory damages - CORRECT ANSWERS general damages
A person may use all of the following to show proof of financial responsibility EXCEPT:
Binder
Certificate of liability policy
Driver's license
Copy of insurance policy - CORRECT ANSWERS Driver's license
, Which of the following is a peril?
ice
rain
snow
flood - CORRECT ANSWERS flood
Question 81
When an insurance policy provides crime coverage on a loss sustained basis, coverage is triggered by a
loss that occurs:
during the policy period and is discovered at any time after the policy period has ended
90 days after the policy period ends
after the retroactive date and is discovered during the policy period
during the policy period and is discovered within one year after the policy period ends - CORRECT
ANSWERS during the policy period and is discovered within one year after the policy period
ends
Question 82
Mandy is injured in a collision with a motorist who has no insurance coverage. Mandy's personal auto
policy includes uninsured motorists coverage. However, she and her insurer cannot agree on the
amount of compensation she is entitled to receive. The policy's arbitration provision will enable them to
resolve their dispute over:
whether settling the claim will affect Mandy's renewal premium
whether Mandy is entitled to damages alone
whether Mandy is entitled to damages and the amount of the damages
Questions | 100% Correct Answers |
Verified | Latest 2025/2026 Version
AK Property Exam Prep Course - CORRECT ANSWERS Alaska Property Insurance Web CE
A motor vehicle owner must provide proof of financial responsibility if he or she is involved in an
accident causing bodily injury, death, or property damage greater than what amount? - CORRECT
ANSWERS $501
The advance of a premium by a licensee in the name of the insured who is purchasing a contract of
insurance, if the insured has not yet paid the premium, must be documented in a
Advance premium agreement
Advance premium refund agreement
Rider to the insurance contract
Premium finance agreement - CORRECT ANSWERS Premium finance agreement
To boost her sales at the end of the year, Trudy started offering potential clients a $250 cash gift card in
exchange for purchasing a homeowners insurance policy. Which ethical sales practice has Trudy
violated?
Churning
Rebating
Twisting
Falsifying information - CORRECT ANSWERS Rebating
,How many hours of continuing education courses must a producer complete every two years?
20 hours
40 hours
24 hours
30 hours - CORRECT ANSWERS 24 hours
What must a person do if his or her driver's license has been suspended?
Pay a $1,000 fine
Immediately notify the insurance company
Immediately return his or her driver's license to the Division
Cancel his or her motor vehicle insurance policy - CORRECT ANSWERS Immediately notify the
insurance company
A motor vehicle owner must provide proof of financial responsibility if he or she is involved in accident
causing bodily injury, death, or property damage greater than what amount?
$1,001
$5,000
$501
$1,000 - CORRECT ANSWERS $501
Employer is headquartered in Minnesota (which is listed in item 3.A. of its workers compensation
policy), but its employees are apt to travel to any other state for various business reasons. In this case,
the most appropriate entry for Item 3.C., "Other States Insurance," is:
,"all states and U.S. territories except North Dakota, Ohio, Washington, West Virginia, Wyoming, Puerto
Rico, the U.S. Virgin Islands, and Minnesota"
"all states and U.S. territories"
"None"
"all states except Minnesota" - CORRECT ANSWERS "all states and U.S. territories except North
Dakota, Ohio, Washington, West Virginia, Wyoming, Puerto Rico, the U.S. Virgin Islands, and Minnesota"
Which statement correctly describes how risk retention groups are regulated?
They are not regulated.
They are subject to federal regulation rather than state regulation.
They are subject to more state regulation than regular insurance companies.
They are subject to less state regulation than regular insurance companies. - CORRECT ANSWERS
They are subject to less state regulation than regular insurance companies.
While driving, Terri ran a red light and broadsided Victor's pickup. Victor was hospitalized for a week and
spent another month recovering from injuries he suffered from the accident. In addition to paying his
medical bills and reimbursing his lost wages, Terri's insurer was required to pay additional damages for
Victor's pain and suffering, which are considered:
special damages
general damages
punitive damages
compensatory damages - CORRECT ANSWERS general damages
A person may use all of the following to show proof of financial responsibility EXCEPT:
Binder
Certificate of liability policy
Driver's license
Copy of insurance policy - CORRECT ANSWERS Driver's license
, Which of the following is a peril?
ice
rain
snow
flood - CORRECT ANSWERS flood
Question 81
When an insurance policy provides crime coverage on a loss sustained basis, coverage is triggered by a
loss that occurs:
during the policy period and is discovered at any time after the policy period has ended
90 days after the policy period ends
after the retroactive date and is discovered during the policy period
during the policy period and is discovered within one year after the policy period ends - CORRECT
ANSWERS during the policy period and is discovered within one year after the policy period
ends
Question 82
Mandy is injured in a collision with a motorist who has no insurance coverage. Mandy's personal auto
policy includes uninsured motorists coverage. However, she and her insurer cannot agree on the
amount of compensation she is entitled to receive. The policy's arbitration provision will enable them to
resolve their dispute over:
whether settling the claim will affect Mandy's renewal premium
whether Mandy is entitled to damages alone
whether Mandy is entitled to damages and the amount of the damages
