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Alaska Adjuster Licensing and related insurance concepts Questions and Correct Answers (, Exams of Insurance law

Alaska Pacific University (APU)Insurance law

Alaska Adjuster Licensing and related insurance concepts Questions and Correct Answers (Verified Answers) Plus Rationales 2025

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2024/2025

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Alaska Adjuster Licensing and related insurance

concepts Questions and Correct Answers

(Verified Answers) Plus Rationales 2025

1. What type of adjuster license is required in Alaska?

• Independent only

• Staff only

• Both independent and staff

• No license required

Alaska requires a license for both independent and staff adjusters.

2. Who issues adjuster licenses in Alaska?

• Secretary of State

• Division of Insurance

• Governor’s Office

• Department of Labor

The Alaska Division of Insurance regulates and issues adjuster licenses.

3. How often must adjuster licenses be renewed in Alaska?

• Every year

• Every five years

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Alaska Adjuster Licensing and related insurance

concepts Questions and Correct Answers

(Verified Answers) Plus Rationales 2025

What type of adjuster license is required in Alaska?

Independent only
Staff only
Both independent and staff
No license required Alaska requires a license for both independent and staff adjusters.

Who issues adjuster licenses in Alaska?

Secretary of State
Division of Insurance
Governor’s Office
Department of Labor The Alaska Division of Insurance regulates and issues adjuster licenses.

How often must adjuster licenses be renewed in Alaska?

Every year
Every five years

Every two years
Every ten years Alaska adjuster licenses must be renewed biennially (every two years).

What is the minimum age requirement for obtaining an adjuster license in Alaska?

16
21
18
25 Applicants must be at least 18 years old to obtain a license.

Does Alaska require a licensing exam for adjusters?

Yes
No A licensing exam is required for adjusters in Alaska unless exempted through reciprocity.

What is required to apply for an Alaska adjuster license?

College degree
Fingerprinting and background check
Military service
Employment verification Fingerprinting and background checks are required as part of the application process.

Performing surgeries
Collecting taxes Adjusters primarily investigate and resolve insurance claims. 11.How can an adjuster reinstate a lapsed license in Alaska?
Pay fees and complete required continuing education
Wait 10 years
Take the exam again only
Submit a letter To reinstate, the adjuster must meet CE requirements and pay fees. 12.What is the fee for applying for an adjuster license in Alaska?
$
$
$
$ As of the latest updates, the application fee is $75. 13.What kind of bond might an adjuster be required to post?
Bail bond
Marriage bond
Surety bond

License bond A surety bond ensures compliance with state regulations and ethical practice. 14.Can an adjuster in Alaska represent both the insurer and insured?
Yes
No Adjusters must remain impartial and typically represent only one party in a claim. 15.What entity oversees insurance fraud investigations in Alaska?
Division of Insurance Fraud Unit
FBI
Local police
Mayor’s office Insurance fraud is handled by the Division of Insurance's fraud investigation unit. 16.What is a public adjuster?
A government worker
An adjuster representing the insured
A claims agent
A contractor Public adjusters work on behalf of the policyholder, not the insurer. 17.What must be reported to the Alaska Division of Insurance within 30 days?

Negotiating settlements
Interviewing witnesses Adjusters do not issue policies; they handle claims. 21.How many hours of ethics CE are required in Alaska?
0
2
4
3 Of the 24 CE hours, 3 must be in ethics. 22.What is a staff adjuster?
An intern
An employee of an insurance company
A temp
A contractor Staff adjusters are salaried employees of insurers. 23.What is an independent adjuster?
A freelancer
An adjuster who handles claims for multiple insurers
Public figure

Attorney Independent adjusters work for third-party adjusting firms or independently. 24.How is the Alaska adjuster exam administered?
In person only
Via a testing vendor such as Pearson VUE
By mail
Through email Exams are typically administered by a third-party testing service. 25.When must CE be completed for license renewal?
Within 5 years
Before birthdate
Before the license expiration date
After renewal CE must be completed before the expiration date to avoid lapse. 26.What is the grace period for renewal in Alaska?
60 days
6 months
90 days
1 year There’s a 90-day grace period post-expiration for late renewal.

Online through testing provider website
By mail Exams are scheduled through an official provider’s portal. 31.Can a revoked license be reinstated?
No
Yes, under certain conditions
Only after 20 years
After retirement Reinstatement may be possible after compliance with disciplinary actions. 32.What is one of the main goals of adjuster regulation?
Tax collection
Consumer protection
Advertising
Profit control Regulations protect consumers from unethical practices. 33.What is a catastrophe adjuster?
Meteorologist
An adjuster handling disaster-related claims
Lawyer
Contractor These adjusters are activated during major disasters.

34.Does Alaska accept reciprocal licenses?

Never
Yes, from other licensing states
Only from Canada
Only federal licenses Alaska grants licenses to non-residents whose home states have licensing and reciprocity. 35.Can an adjuster specialize in multiple lines?
No
Yes, with proper authority
Only if resident
Only in health Adjusters may hold multiple lines if qualified. 36.Are adjusters allowed to solicit claims?
Yes
No, this is unethical
Only in emergencies
Only for family Soliciting claims is generally considered unethical and may be illegal. 37.What insurance field typically employs adjusters?
Property and casualty

None required Both federal and state checks are typically performed. 41.What does an adjuster report typically include?
Personal opinion
Claim facts, damage estimates, findings
Patient health info
Business profits Adjuster reports document findings, scope of loss, and recommendations. 42.Who can deny an adjuster license?
Local mayor
Insurance commissioner
Governor
IRS The state insurance commissioner has the authority. 43.What is a claims reserve?
Emergency fund
Estimated amount set aside to pay a claim
Bonus
Premium discount Reserves are set up to ensure future claims are covered. 44.What is “bad faith” in insurance adjusting?

Delay
Unethical denial or handling of claims
Poor communication
Slow service Bad faith includes deliberate failure to honor valid claims. 45.What does NAIC stand for?
National Auto Insurance Council
National Association of Insurance Commissioners
New Adjuster Inspection Commission
North American Insurance Club NAIC supports state regulators with model laws and oversight. 46.What is indemnification?
Rewarding policyholders
Restoring the insured to original financial status
Penalizing the insurer
Lowering premiums Indemnification compensates for loss to restore prior financial state. 47.Who regulates adjusters in Alaska?
Federal government
Alaska Division of Insurance
IRS

51.What is the consequence of misrepresenting policy provisions as an adjuster?

Promotion
License upgrade
License suspension or revocation
Exemption from CE Misrepresentation is a violation of ethical conduct and can lead to disciplinary actions including suspension or revocation. 52.Which license type allows handling of claims on behalf of the insured in Alaska?
Staff adjuster
Public adjuster
Independent adjuster
Broker Public adjusters work directly for policyholders, not insurance companies. 53.How long must an adjuster in Alaska keep records of claims handled?
1 year
2 years
5 years

10 years Adjusters must retain claim records for at least 5 years as part of compliance and auditing processes. 54.When is an adjuster required to notify the state about a felony conviction?
Within 90 days
Never
On next renewal
Within 30 days Convictions that impact licensure must be reported within 30 days to the Division of Insurance. 55.Can an adjuster license be suspended without a hearing?
Always
Never
Yes, in emergency or egregious cases
Only after a year Licenses can be temporarily suspended before a hearing if public interest is at risk. 56.What entity enforces disciplinary action against adjusters?
Alaska Division of Insurance
NAIC
FBI

60.Which insurance lines can an Alaska adjuster be licensed for?

Property only
Casualty only
Multiple lines such as property, casualty, and marine
Life and health only Adjusters in Alaska can be licensed for multiple lines, depending on their qualifications and license type. 61.What is the role of ethics in adjusting?
Not required
Guides fair and legal claim practices
For HR only
Applies only to managers Ethical conduct ensures public trust and regulatory compliance in adjusting. 62.When is a temporary license valid in Alaska?
Indefinitely
During emergencies or disasters for a set period
For all non-residents
Only in winter Temporary licenses are issued in response to catastrophe declarations or special circumstances. 63.What is an example of unfair claims practice?

Calling insured
Denying claim without investigation
Asking for documentation
Requesting estimate Adjusters must properly investigate before making claim decisions. 64.What is the main reason for CE requirements?
Revenue
Time tracking
Keeping adjusters updated on laws and practices
Test preparation CE ensures adjusters stay informed about evolving industry standards and laws. 65.What must adjusters do when a claim involves potential fraud?
Report to insurer’s fraud unit or DOI
Handle as usual
Cancel policy
Ignore Suspected fraud must be reported to appropriate authorities. 66.Are adjusters required to act in good faith?
No
Yes, at all times