ALASKA ADJUSTER FINAL EXAM 2026 QUESTIONS AND
SOLUTIONS RATED A+
✔✔By state law - ✔✔In a compensable, insured workers compensation claim, how are
the dollar amounts and duration of benefits determined?
✔✔Coverage is suspended until repairs are made - ✔✔A steam boiler has been
inspected and found to be in serious need of repairs. The inspector "red tags" the item.
This means
✔✔28 days - ✔✔Within how many days from the date of the initial payment to an injured
employee covered under workers compensation must the insurer notify the workers
compensation division that payment has begun, or has been increased, decreased,
suspended, terminated or changed in type?
✔✔personal property coverage - ✔✔Which of the following is found in Section I of the
homeowner form?
✔✔12 years after the death of the employee - ✔✔When do death benefits cease that
are payable to a widow or widower that have not remarried under Alaska's workers
compensation coverage?
✔✔Reported within one year of the accident - ✔✔Under the commercial general liability
policy, medical payment expenses must be
✔✔$100 billion - ✔✔Under the Terrorism Risk Insurance Program Reauthorization Act
of 2015, the maximum limit for the Act for total claims paid under the Act by either
private insurers or the government is still limited to
✔✔Fiduciary Liability - ✔✔The requirements of the Employment Retirement Income
Security Act compel employers to cover their professional liability exposure for honest
errors and omissions regarding employee benefit plans by purchasing
✔✔actual cash value - ✔✔How unscheduled personal property is covered under
standard ISO homeowners' policies?
✔✔the employee makes the choice - ✔✔What does Alaska law state regarding the
choice of doctor when an employee suffers a work related injury?
✔✔On a pro-rata basis between the two locations - ✔✔The insured is moving to a new
location. Coverage for contents provided under a Homeowner Policy would be
✔✔floaters - ✔✔Which of the following is generally intended to cover property that
moves from one location to another?
, ✔✔insuring agreement - ✔✔What part of the policy contains the promises made by the
insurance company to the insured
✔✔$500 - ✔✔What is the standard deductible under an Equipment Breakdown policy?
✔✔Contributory Negligence - ✔✔Which of the following prevents someone from
collecting payment for negligence under the laws of some states?
✔✔contract of adhesion - ✔✔Since the insurance company drafts the insurance
contract and it is not negotiable, if it is found to be ambiguous the courts will interpret
the contract against the party that prepared it. This is an example of
✔✔endorsement - ✔✔A written modification of an insurance policy is known as
✔✔No federal or state income taxes apply - ✔✔If an employee receives Workers
Compensation wage benefits, what are the tax consequences on monies received?
✔✔fire and lightening - ✔✔Virtually all inland marine named perils forms include
coverage for
✔✔Yes, 8 hours may be carried over - ✔✔In Alaska, may a licensee carry over excess
continuing education hours to the next license period, and if so, how many hours may
be carried over?
✔✔90 - ✔✔A temporary license may be issued in Alaska without examination for a
period of _____ consecutive days
✔✔80% of the employees average weekly wage - ✔✔If an employee dies in a work
related accident, what is the compensation benefit to a surviving widow with no
children?
✔✔Limits of liability - ✔✔The maximum amount a policy will pay in the event of a loss is
called
✔✔Liberalization Clause - ✔✔When an insurance company broadens coverage under a
homeowners policy, that change automatically applies to those policies currently in
effect under what provision
✔✔Personal and advertising injury liability - ✔✔Coverage B covered by the general
liability policy provides coverage for
✔✔$1,500 - ✔✔A boat damaged out of the water and at a lake would be covered under
the Homeowners Policy for
SOLUTIONS RATED A+
✔✔By state law - ✔✔In a compensable, insured workers compensation claim, how are
the dollar amounts and duration of benefits determined?
✔✔Coverage is suspended until repairs are made - ✔✔A steam boiler has been
inspected and found to be in serious need of repairs. The inspector "red tags" the item.
This means
✔✔28 days - ✔✔Within how many days from the date of the initial payment to an injured
employee covered under workers compensation must the insurer notify the workers
compensation division that payment has begun, or has been increased, decreased,
suspended, terminated or changed in type?
✔✔personal property coverage - ✔✔Which of the following is found in Section I of the
homeowner form?
✔✔12 years after the death of the employee - ✔✔When do death benefits cease that
are payable to a widow or widower that have not remarried under Alaska's workers
compensation coverage?
✔✔Reported within one year of the accident - ✔✔Under the commercial general liability
policy, medical payment expenses must be
✔✔$100 billion - ✔✔Under the Terrorism Risk Insurance Program Reauthorization Act
of 2015, the maximum limit for the Act for total claims paid under the Act by either
private insurers or the government is still limited to
✔✔Fiduciary Liability - ✔✔The requirements of the Employment Retirement Income
Security Act compel employers to cover their professional liability exposure for honest
errors and omissions regarding employee benefit plans by purchasing
✔✔actual cash value - ✔✔How unscheduled personal property is covered under
standard ISO homeowners' policies?
✔✔the employee makes the choice - ✔✔What does Alaska law state regarding the
choice of doctor when an employee suffers a work related injury?
✔✔On a pro-rata basis between the two locations - ✔✔The insured is moving to a new
location. Coverage for contents provided under a Homeowner Policy would be
✔✔floaters - ✔✔Which of the following is generally intended to cover property that
moves from one location to another?
, ✔✔insuring agreement - ✔✔What part of the policy contains the promises made by the
insurance company to the insured
✔✔$500 - ✔✔What is the standard deductible under an Equipment Breakdown policy?
✔✔Contributory Negligence - ✔✔Which of the following prevents someone from
collecting payment for negligence under the laws of some states?
✔✔contract of adhesion - ✔✔Since the insurance company drafts the insurance
contract and it is not negotiable, if it is found to be ambiguous the courts will interpret
the contract against the party that prepared it. This is an example of
✔✔endorsement - ✔✔A written modification of an insurance policy is known as
✔✔No federal or state income taxes apply - ✔✔If an employee receives Workers
Compensation wage benefits, what are the tax consequences on monies received?
✔✔fire and lightening - ✔✔Virtually all inland marine named perils forms include
coverage for
✔✔Yes, 8 hours may be carried over - ✔✔In Alaska, may a licensee carry over excess
continuing education hours to the next license period, and if so, how many hours may
be carried over?
✔✔90 - ✔✔A temporary license may be issued in Alaska without examination for a
period of _____ consecutive days
✔✔80% of the employees average weekly wage - ✔✔If an employee dies in a work
related accident, what is the compensation benefit to a surviving widow with no
children?
✔✔Limits of liability - ✔✔The maximum amount a policy will pay in the event of a loss is
called
✔✔Liberalization Clause - ✔✔When an insurance company broadens coverage under a
homeowners policy, that change automatically applies to those policies currently in
effect under what provision
✔✔Personal and advertising injury liability - ✔✔Coverage B covered by the general
liability policy provides coverage for
✔✔$1,500 - ✔✔A boat damaged out of the water and at a lake would be covered under
the Homeowners Policy for
