ALASKA ADJUSTER 2026 EXAM SCRIPT QUESTIONS AND
SOLUTIONS RATED A+
✔✔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
✔✔waiver - ✔✔The giving up of a known right is called
✔✔Blanket basis - ✔✔The physical damage coverage for an auto dealer's vehicles held
for sale is covered on the garage policy
✔✔$1,000,000 - ✔✔If the Alaska Director of Insurance believes that a licensee has
violated a cease and desist order, he or she may certify the relevant facts to the
superior court in the appropriate district. The superior court, upon finding that a cease
and desist order has been violated, may order a monetary penalty of up to ______ for
each violation
✔✔50/100/25 - ✔✔The required minimum limits of liability that must be carried under an
automobile policy in Alaska are
✔✔Coverage must be purchased from the state - ✔✔A monopolistic state in regards to
Workers Compensation insurance is a state in which
✔✔commercial auto - ✔✔All of the following are covered by the Terrorism Risk
Insurance Program Reauthorization Act of 2015, EXCEPT
✔✔Garagekeeper's legal liability - ✔✔What coverage is used to cover damage to a
customer's vehicle in the care and custody of a repair garage?
✔✔12 months - ✔✔An order of the Director suspending a license will specify the period
during which the license is suspended. A period of suspension may not exceed
✔✔30 days - ✔✔Once an insurer in Alaska has received a properly completed proof of
loss and the claim is not in dispute, how many days does the insurer have to pay the
claim?
✔✔Vicarious - ✔✔Which of the following terms means "through another person?"
, ✔✔24 - ✔✔In Alaska, licensees must complete _____ hours of approved continuing
education during each two year license period
✔✔Professional Liability Coverage - ✔✔The home business insurance endorsement is
available to cover certain businesses under the homeowner program. Which of the
following coverages cannot be included
✔✔20 days - ✔✔The Alaska Director of Insurance must give not less than _____
advance notice of a hearing and include the time, place and matter to be considered at
the hearing
✔✔24 months - ✔✔Under Equipment Breakdown coverage, the full replacement cost
will be provided if the equipment is repaired within what time period following the loss?
✔✔$2,500 - ✔✔Following a hearing, if the Alaska Director finds that a licensee has
violated any provision of the insurance code for which a greater penalty is not provided,
he or she may impose a civil penalty of not more than
✔✔H0-3 - ✔✔Personal property named peril basis for H0-3 or H0-5
✔✔H0-5 - ✔✔personal property is covered on an open peril basis for H0-3 or H0-5
✔✔$250 - ✔✔The policy also provides for the payment of the cost of a bail bond
required because of an accident up to
✔✔$250 deductible - ✔✔What is the deductible for uninsured motorist property damage
coverage in Alaska?
✔✔salvage - ✔✔After an auto collision loss an insurance company may elect to pay the
insured's claim and take possession of the vehicle. This practice is referred to as
✔✔third - ✔✔In insurance terms, the party who has been wronged is known as the
_____ party
✔✔actual cash value endorsement - ✔✔An insured owns very old equipment. Much of it
is no longer manufactured but is still functional. The insurer may wish to insure the
equipment under an Equipment Breakdown policy by attaching the
✔✔By state law - ✔✔In a compensable, insured workers compensation claim, how are
the dollar amounts and duration of benefits determined?
SOLUTIONS RATED A+
✔✔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
✔✔waiver - ✔✔The giving up of a known right is called
✔✔Blanket basis - ✔✔The physical damage coverage for an auto dealer's vehicles held
for sale is covered on the garage policy
✔✔$1,000,000 - ✔✔If the Alaska Director of Insurance believes that a licensee has
violated a cease and desist order, he or she may certify the relevant facts to the
superior court in the appropriate district. The superior court, upon finding that a cease
and desist order has been violated, may order a monetary penalty of up to ______ for
each violation
✔✔50/100/25 - ✔✔The required minimum limits of liability that must be carried under an
automobile policy in Alaska are
✔✔Coverage must be purchased from the state - ✔✔A monopolistic state in regards to
Workers Compensation insurance is a state in which
✔✔commercial auto - ✔✔All of the following are covered by the Terrorism Risk
Insurance Program Reauthorization Act of 2015, EXCEPT
✔✔Garagekeeper's legal liability - ✔✔What coverage is used to cover damage to a
customer's vehicle in the care and custody of a repair garage?
✔✔12 months - ✔✔An order of the Director suspending a license will specify the period
during which the license is suspended. A period of suspension may not exceed
✔✔30 days - ✔✔Once an insurer in Alaska has received a properly completed proof of
loss and the claim is not in dispute, how many days does the insurer have to pay the
claim?
✔✔Vicarious - ✔✔Which of the following terms means "through another person?"
, ✔✔24 - ✔✔In Alaska, licensees must complete _____ hours of approved continuing
education during each two year license period
✔✔Professional Liability Coverage - ✔✔The home business insurance endorsement is
available to cover certain businesses under the homeowner program. Which of the
following coverages cannot be included
✔✔20 days - ✔✔The Alaska Director of Insurance must give not less than _____
advance notice of a hearing and include the time, place and matter to be considered at
the hearing
✔✔24 months - ✔✔Under Equipment Breakdown coverage, the full replacement cost
will be provided if the equipment is repaired within what time period following the loss?
✔✔$2,500 - ✔✔Following a hearing, if the Alaska Director finds that a licensee has
violated any provision of the insurance code for which a greater penalty is not provided,
he or she may impose a civil penalty of not more than
✔✔H0-3 - ✔✔Personal property named peril basis for H0-3 or H0-5
✔✔H0-5 - ✔✔personal property is covered on an open peril basis for H0-3 or H0-5
✔✔$250 - ✔✔The policy also provides for the payment of the cost of a bail bond
required because of an accident up to
✔✔$250 deductible - ✔✔What is the deductible for uninsured motorist property damage
coverage in Alaska?
✔✔salvage - ✔✔After an auto collision loss an insurance company may elect to pay the
insured's claim and take possession of the vehicle. This practice is referred to as
✔✔third - ✔✔In insurance terms, the party who has been wronged is known as the
_____ party
✔✔actual cash value endorsement - ✔✔An insured owns very old equipment. Much of it
is no longer manufactured but is still functional. The insurer may wish to insure the
equipment under an Equipment Breakdown policy by attaching the
✔✔By state law - ✔✔In a compensable, insured workers compensation claim, how are
the dollar amounts and duration of benefits determined?
