Alaska Casualty Exam Questions and Answers (Solved Papers) Each of four friends is worried that his personal automobile insurance policy may be cancelled by his insurer. Which friend should NOT worry (...at least for the reason stated)?Matthew, whose driver's license was suspended for thirty days just before his policy renewed.Ned, who had one at-fault accident each month last year.Lucas, who paid his bill on time, but whose check was returned due to insufficient funds in his account.Walter, whose wife's driver's license was revoked. - Correct Answers ✅Explanation - Ned Lucas, Matthew, and Walter all have reason to be concerned.Each of their situations is identified in AS 21.36.210(a) as a valid reason for which an insurer may cancel a personal automobile policy. (Note that cancelling is not the same as non-renewing).Under Alaska statutes (the Alaska Motor Vehicle Safety Responsibility Act), a motor vehicle liability policy must provide coverage when an insured person is operating a motor vehicle in all of the following EXCEPT: 1 / 3
Alaska Casualty Exam Questions and Answers (Solved Papers) All states within the United States Canada Mexico Puerto Rico - Correct Answers ✅Explanation - Mexico AS 28.20.440(b)(2) does not require that coverage apply in Mexico.
A binder can be valid for up to:
15 days 30 days 60 days 90 days - Correct Answers ✅Explanation - 90 days Under Alaska law binders can be written for up to 90 days, they can be renewed once for 90 additional days, they can be written or oral and are not valid after the policy is issued. 2 / 3
Alaska Casualty Exam Questions and Answers (Solved Papers) Licensees are required to complete at least __ credit hours of continuing education each two-year license period.18 24 28 36 - Correct Answers ✅Explanation - 24 hours This is required under AS 21.27.020(f)(2). The Alaska Administrative Code which implements this statute is 3 AAC
23.100.
Under state statues, when an insurer has a certificate of authority issued by the Director of the Division of Insurance
to transact insurance in Alaska, the insurer is deemed to be:
An authorized insurer only An admitted insurer only Both an authorized insurer and an admitted insurer
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