ALASKA ADJUSTER EVALUATION EXAM 2026 QUESTIONS
AND SOLUTIONS RATED A+
✔✔Applicants must keep CE records available to the Director upon request for how
many years? - ✔✔2 years from the license renewal date (4 if credits are to be applied to
the next license renewal period)
✔✔Rebating - ✔✔Offering any rebate, discount of premium, advantage, or valuable
consideration not specified in the policy.
✔✔What does not count as rebating? - ✔✔-paying bonuses to policyholders or
otherwise reducing premium out of accumulated surplus from nonparticipating
insurance
-reducing premiums on industrial life policies when the policyholder directly pays the
insurer
-readjusting the premium rate for group insurance when loss or expense experience is
less than anticipated
✔✔Twisting - ✔✔Making a statement that misrepresents the terms, conditions, or
benefits of a policy for the purpose of inducing a person to lapse, forfeit, borrow against,
surrender, exchange, convert, or dispose of any insurance policy.
✔✔Misrepresention - ✔✔Making misleading representation or fraudulent comparisons
of insurance policies, misrepresenting the terms or benefits of an insurance policy,
making misleading representations as to the financial condition of an insurer.
✔✔Defamation - ✔✔Making a false oral or written statement maliciously critical or
derogatory of an insurer's financial condition that intends to injure someone in the
insurance business.
✔✔Unfair Discrimination - ✔✔An unfair trade practice to permit individuals in the same
class and hazard to be charged different rates for the same insurance coverage, unless
the rate differential is based upon sound actuarial principles or is related to actual
experience
✔✔Boycott, Coercion, and Intimidation - ✔✔An action resulting in an unreasonable
restraint of, or monopoly in, the business of insurance
✔✔Fiduciary Responsibility - ✔✔All money, except that made payable to the insurer,
representing premium taxes and fees, premiums, or return premiums received by the
licensee shall be recieved by the licensee as a fiduciary and shall be promptly
accounted for and paid to the person entitled to the money.
AND SOLUTIONS RATED A+
✔✔Applicants must keep CE records available to the Director upon request for how
many years? - ✔✔2 years from the license renewal date (4 if credits are to be applied to
the next license renewal period)
✔✔Rebating - ✔✔Offering any rebate, discount of premium, advantage, or valuable
consideration not specified in the policy.
✔✔What does not count as rebating? - ✔✔-paying bonuses to policyholders or
otherwise reducing premium out of accumulated surplus from nonparticipating
insurance
-reducing premiums on industrial life policies when the policyholder directly pays the
insurer
-readjusting the premium rate for group insurance when loss or expense experience is
less than anticipated
✔✔Twisting - ✔✔Making a statement that misrepresents the terms, conditions, or
benefits of a policy for the purpose of inducing a person to lapse, forfeit, borrow against,
surrender, exchange, convert, or dispose of any insurance policy.
✔✔Misrepresention - ✔✔Making misleading representation or fraudulent comparisons
of insurance policies, misrepresenting the terms or benefits of an insurance policy,
making misleading representations as to the financial condition of an insurer.
✔✔Defamation - ✔✔Making a false oral or written statement maliciously critical or
derogatory of an insurer's financial condition that intends to injure someone in the
insurance business.
✔✔Unfair Discrimination - ✔✔An unfair trade practice to permit individuals in the same
class and hazard to be charged different rates for the same insurance coverage, unless
the rate differential is based upon sound actuarial principles or is related to actual
experience
✔✔Boycott, Coercion, and Intimidation - ✔✔An action resulting in an unreasonable
restraint of, or monopoly in, the business of insurance
✔✔Fiduciary Responsibility - ✔✔All money, except that made payable to the insurer,
representing premium taxes and fees, premiums, or return premiums received by the
licensee shall be recieved by the licensee as a fiduciary and shall be promptly
accounted for and paid to the person entitled to the money.
