1. Exam Prep
  2. Alaska
  3. Life, Accident & Health
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Alaska Life, Accident & Health exam — 28 practice questions.

Subtopics: Transacting insurance, Domestic insurer, Foreign insurer, Surplus lines, Unlicensed activity, Lines of authority, Address change, Sharing commissions, Controlled business, Appointment termination, Hearing rights, Unfair claims practice, Replacement duties, Capital and surplus, Trade practice penalties, Recordkeeping, Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, Twisting, Rebating, CAN-SPAM Act, Advertising

Read the Insurance Regulation study guide

Sample questions & answers

1. Under Alaska law, soliciting and negotiating insurance contracts within the state generally constitutes:

Transacting the business of insurance requiring a license

Soliciting, negotiating, or effecting insurance in the state is transacting insurance and requires a license.

2. An insurer formed under and domiciled in Alaska is classified as a:

Domestic insurer

An insurer organized and domiciled in Alaska is a domestic insurer.

3. An insurer organized under the laws of another U.S. state but doing business in Alaska is a:

Foreign insurer

An insurer chartered in another state but operating in Alaska is a foreign insurer.

4. Coverage placed with an eligible nonadmitted insurer when it is unavailable in the admitted market is known as:

Surplus lines insurance

Surplus lines insurance is placed with eligible nonadmitted insurers when coverage is unavailable in the admitted market.

All Life, Accident & Health topics

Practice: Insurance Regulation

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.