Alaska Property & Casualty Insurance License Exam — All Questions

Which agency issues resident property and casualty producer licenses in Alaska?

• a.Alaska Department of Motor Vehicles
• b.Alaska Division of Insurance✓
• c.The federal National Association of Insurance Commissioners
• d.Alaska Secretary of State

Alaska's insurance regulator is the Alaska Division of Insurance, led by the Director of Insurance within the Department of Commerce, Community, and Economic Development. It issues producer licenses and enforces the state insurance code — not the DMV, the Secretary of State, or the NAIC.

After a producer is licensed in Alaska, what must occur before he or she can transact business for a specific insurer?

• a.The producer must post a personal surety bond with the state treasurer
• b.Nothing further; the license alone authorizes representing any insurer
• c.The insurer must appoint the producer and file that appointment with the Alaska Division of Insurance✓
• d.The producer must first sell ten policies as a supervised trainee

A license lets a person act as a producer, but to represent a particular company the insurer must appoint the producer and file the appointment with the Alaska Division of Insurance. A producer may hold appointments from several insurers at once.

Which statement best describes Alaska's continuing education (CE) requirement for resident P&C producers?

• a.State-approved CE, including an ethics component, must be completed each renewal period to keep the license active✓
• b.CE is required only in the first renewal cycle and never again
• c.No CE is ever required once the license is issued
• d.CE can be satisfied only by retaking the state licensing examination

Like other NAIC-model states, Alaska requires resident producers to complete approved CE each renewal cycle, including a required ethics portion, plus the renewal fee. Exact hour totals are set by the Alaska Division of Insurance; confirm the current hours before renewing.