ALASKA UPDATED 2026 EXAM SCRIPT QUESTIONS AND
SOLUTIONS RATED A+
✔✔A guarantee that the statements made by the applicant are completely true and
untrue statements can void the coverage - ✔✔A warranty in insurance is best described
as which of the following?
✔✔Driver other car coverage - ✔✔Barry's Vending, Inc. has a business auto policy
(BAP). The owner, Barry, does not own a car since he always drives a company car.
What coverage should be added to the BAP to provide Barry with liability coverage
while driving a vehicle not owned by the corporation?
✔✔21 Days - ✔✔How many days does the insurer have to file a controversial notice of
a disputed workers compensation claim after employer new of the injury?
✔✔Theft of building materials from a dwelling under construction - ✔✔Under
homeowner's policy, "theft" does not include
✔✔What does "diminution of value" mean? - ✔✔A reduction in the value of a vehicle
even after repairs have been made
✔✔3 years - ✔✔The insurer has _______ after policy expiration to audit the insured's
payroll records in order to determine final premium
✔✔A change in the mailing address - ✔✔Which of the following events would require a
change on a homeowner policy?
✔✔pain and suffering - ✔✔Workers compensation benefits does not provide payments
for
✔✔Coverage for Damage to Your Auto - ✔✔Under a personal auto policy, what is
Coverage D?
✔✔Aleatory - ✔✔The promise by one party that is conditioned on an uncertain event
and where the value given by each party is unequal is called
✔✔104 - ✔✔If an employee has a permanent physical impairment from any cause or
origin incurs a subsequent disability by injury arising out or and in the course of
employment, the insurance carrier will be reimbursed ______weeks of disability
payments paid
✔✔Less than $500,000 - ✔✔What is the maximum obligation of the Alaska Insurance
Guaranty Association on a covered claims that is not an unearned premium claim or a
Workers Compensation claim?
, ✔✔named non owner coverage - ✔✔What personal auto coverage would a person
need if he or she does not own a vehicle?
✔✔60 - ✔✔An unendorsed claims made form CGL policy will respond to claims
reported during the policy period and up to _____days after the policy expires
✔✔15 - ✔✔How many days are given to submit proof of loss
✔✔$1,000 - ✔✔What is the loss assessment limit provided by Section II of the
homeowner policy?
✔✔$2,000 - ✔✔Supplementary payments under the liability section of a commercial
auto policy include the cost of a bail bond up to
✔✔Send the insured a reservation of rights letter - ✔✔If an insured fail to report a claim
in a timely fashion the adjuster will usually
✔✔Cancellation clause - ✔✔What is found in the Part VI - Conditions section of a
Workers Compensation policy?
✔✔3 years - ✔✔The Alaska Director of Insurance must examine all domestic insurers at
least once every
✔✔Pollution Liability Endorsement - ✔✔Underground gasoline tanks on an insured's
property leak damaging the property next door. Which policy would pay for clean up?
✔✔special - ✔✔What type of damages are medical damages?
✔✔Recall of products - ✔✔Products and completed operations liability coverage
excludes protection for?
✔✔5 years - ✔✔A licensee in Alaska must maintain records of insurance transactions
for at least _____ after the date of the completion of the transaction
✔✔Punitive damages - ✔✔A monetary award to a plaintiff in a tort action in excess of
the cash value of the economic loss as a punishment to the wrongdoer and as a
deterrent to similar conduct by others is known as
✔✔The US - ✔✔Under employment practices liability, the coverage territory is
worldwide as long as the suit is brought in
✔✔30 days - ✔✔A licensee must advise the Alaska Director within ______ of a change
in residence address, mailing address, phone number or legal name
SOLUTIONS RATED A+
✔✔A guarantee that the statements made by the applicant are completely true and
untrue statements can void the coverage - ✔✔A warranty in insurance is best described
as which of the following?
✔✔Driver other car coverage - ✔✔Barry's Vending, Inc. has a business auto policy
(BAP). The owner, Barry, does not own a car since he always drives a company car.
What coverage should be added to the BAP to provide Barry with liability coverage
while driving a vehicle not owned by the corporation?
✔✔21 Days - ✔✔How many days does the insurer have to file a controversial notice of
a disputed workers compensation claim after employer new of the injury?
✔✔Theft of building materials from a dwelling under construction - ✔✔Under
homeowner's policy, "theft" does not include
✔✔What does "diminution of value" mean? - ✔✔A reduction in the value of a vehicle
even after repairs have been made
✔✔3 years - ✔✔The insurer has _______ after policy expiration to audit the insured's
payroll records in order to determine final premium
✔✔A change in the mailing address - ✔✔Which of the following events would require a
change on a homeowner policy?
✔✔pain and suffering - ✔✔Workers compensation benefits does not provide payments
for
✔✔Coverage for Damage to Your Auto - ✔✔Under a personal auto policy, what is
Coverage D?
✔✔Aleatory - ✔✔The promise by one party that is conditioned on an uncertain event
and where the value given by each party is unequal is called
✔✔104 - ✔✔If an employee has a permanent physical impairment from any cause or
origin incurs a subsequent disability by injury arising out or and in the course of
employment, the insurance carrier will be reimbursed ______weeks of disability
payments paid
✔✔Less than $500,000 - ✔✔What is the maximum obligation of the Alaska Insurance
Guaranty Association on a covered claims that is not an unearned premium claim or a
Workers Compensation claim?
, ✔✔named non owner coverage - ✔✔What personal auto coverage would a person
need if he or she does not own a vehicle?
✔✔60 - ✔✔An unendorsed claims made form CGL policy will respond to claims
reported during the policy period and up to _____days after the policy expires
✔✔15 - ✔✔How many days are given to submit proof of loss
✔✔$1,000 - ✔✔What is the loss assessment limit provided by Section II of the
homeowner policy?
✔✔$2,000 - ✔✔Supplementary payments under the liability section of a commercial
auto policy include the cost of a bail bond up to
✔✔Send the insured a reservation of rights letter - ✔✔If an insured fail to report a claim
in a timely fashion the adjuster will usually
✔✔Cancellation clause - ✔✔What is found in the Part VI - Conditions section of a
Workers Compensation policy?
✔✔3 years - ✔✔The Alaska Director of Insurance must examine all domestic insurers at
least once every
✔✔Pollution Liability Endorsement - ✔✔Underground gasoline tanks on an insured's
property leak damaging the property next door. Which policy would pay for clean up?
✔✔special - ✔✔What type of damages are medical damages?
✔✔Recall of products - ✔✔Products and completed operations liability coverage
excludes protection for?
✔✔5 years - ✔✔A licensee in Alaska must maintain records of insurance transactions
for at least _____ after the date of the completion of the transaction
✔✔Punitive damages - ✔✔A monetary award to a plaintiff in a tort action in excess of
the cash value of the economic loss as a punishment to the wrongdoer and as a
deterrent to similar conduct by others is known as
✔✔The US - ✔✔Under employment practices liability, the coverage territory is
worldwide as long as the suit is brought in
✔✔30 days - ✔✔A licensee must advise the Alaska Director within ______ of a change
in residence address, mailing address, phone number or legal name
