Alaska life and health practice exam

1. How many continuing education credit hours must an Alaska resident producer complete for a full two-year license period, and how many of them must be in ethics?

1. 24 hours, including 3 hours of ethics
2. 20 hours, including 2 hours of ethics
3. 24 hours, with no ethics requirement
4. 30 hours, including 4 hours of ethics

2. When does an Alaska individual producer license expire?

1. On December 31 of every odd-numbered year
2. Two years from the date the license was issued
3. On the last day of the licensee's birth month
4. On June 30 of every even-numbered year

1. Before an Alaska producer may sell, solicit, or negotiate annuity products, the producer must hold a life line of authority and complete:

1. A one-time 8-hour long-term care course
2. A one-time 4-hour annuity suitability training course
3. A 4-hour annuity course every renewal cycle
4. A 24-hour annuity course approved by FINRA

1. An Alaska licensee who changes residence or business address must notify the Division of Insurance in writing within:

1. 10 days
2. 60 days
3. 90 days
4. 30 days

2. To provide continued service to a producer's policyholders, the Alaska director may issue a temporary license, without examination, to a surviving spouse, legal representative, or employee of the producer for a period not to exceed:

1. 180 days
2. 90 days
3. 1 year
4. 2 years

3. Which official heads the state agency that licenses insurance producers in Alaska?

1. The Alaska Insurance Commissioner, elected statewide
2. The Lieutenant Governor
3. The Director of the Division of Insurance, Department of Commerce, Community, and Economic Development
4. The Attorney General's Consumer Protection Unit

1. Under Alaska life insurance policies, after how long in force can an insurer generally no longer void coverage because of a misstatement, misrepresentation, or concealment in the application?

1. 1 year
2. 2 years
3. 3 years
4. 5 years

2. If an insured commits suicide within the first two years of an Alaska life insurance policy, the insurer may deny the death claim but must:

1. Pay half of the face amount
2. Pay the full face amount anyway
3. Pay nothing at all
4. Return the premiums paid

1. When a life insurance policy or annuity is sold as a replacement in Alaska, the replacing insurer must give the applicant a right to return it for a refund within:

1. 10 days after delivery
2. 15 days after application
3. 30 days after delivery
4. 60 days after delivery

1. What is the Alaska Life and Health Insurance Guaranty Association's limit for the present value of annuity benefits for one individual?

1. $100,000
2. $250,000
3. $300,000
4. $500,000

2. Up to what amount in net life insurance death benefits does the Alaska Life and Health Insurance Guaranty Association protect for one insured life?

1. $100,000
2. $250,000
3. $300,000
4. $500,000

1. According to the Alaska Division of Insurance, how long is the free-look period for a Medicare supplement policy?

1. 10 days
2. 20 days
3. 45 days
4. 30 days

2. What training must an Alaska producer with a health line of authority complete to sell long-term care insurance?

1. A one-time 4-hour course only
2. An 8-hour course before selling, then 4 hours of LTC training each renewal cycle
3. A 24-hour course every renewal cycle
4. No special training beyond regular CE