10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The AK-PC exam has 210 questions and runs 4 hours 30 minutes.
These 10 free AK-PC questions are organized by exam domain, so you can see how each part of the Alaska Property & Casualty Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
An owner-occupant wants a standard homeowners form that covers both the dwelling and unscheduled personal property on an open-peril basis, subject to the policy's exclusions. Which form most directly provides that structure?
Correct answer: C - HO-5 Comprehensive
At a mortgage closing, a borrower purchases an NFIP dwelling policy as part of making the loan. Three days later, a qualifying flood damages both the building and its contents. Assuming the policy became effective at closing and no exclusion applies, which statement correctly describes the loss?
Correct answer: D - The loan-related purchase avoids the standard wait, with separate building and contents deductibles
A landlord is sued for wrongfully changing a tenant's locks and interfering with the tenant's right of private occupancy. No bodily injury or physical property damage is alleged. Assuming no exclusion applies, the alleged offense falls under:
Correct answer: A - Coverage B - Personal and Advertising Injury Liability
A named insured occasionally borrows a friend's sedan with permission. Both the friend's auto policy and the named insured's Personal Auto Policy cover a resulting liability claim. Under the usual Personal Auto Policy other-insurance provision, how does the named insured's liability coverage respond?
Correct answer: A - As excess coverage after the friend's policy
A warehouse is worth $900,000 at the time of loss and is subject to an 80% coinsurance clause. The insured carries a $540,000 limit. A covered loss is $160,000, and a $2,000 deductible applies after any coinsurance penalty. How much is payable?
Correct answer: C - $118,000
An insured intentionally sets fire to a mortgaged home. The policy contains a standard mortgage clause. The mortgagee had no knowledge of the act, paid premium when requested, disclosed known changes, and submitted proof of loss. What is the best coverage result?
Correct answer: C - The mortgagee may recover as its interest appears, and the insurer may acquire debt or security rights to the extent paid
An unlicensed receptionist gives a caller only a licensed producer's name and telephone number. The agency pays the receptionist a fixed $25 for the referral whether or not the caller applies for or buys insurance. How may the agency treat this arrangement?
Correct answer: A - Pay the fixed fee because the limited referral is noncontingent
An Alaska insurer cannot reasonably finish investigating a claim by the 30th working day after notice. It has not accepted or denied the claim. What is the insurer's next required step?
Correct answer: D - Send a written delay explanation and update the claimant at least every 45 working days
An admitted Alaska member insurer is ordered liquidated. Under the Alaska Insurance Guaranty Association rules, which obligation receives special treatment and is not subject to the ordinary $500,000 covered-claim cap?
Correct answer: B - Statutory workers' compensation benefits
An Alaska liability policy places defense costs inside an $80,000 limit. For a limit under $1,000,000, the required additional Civil Rule 82 coverage is the greater of $10,000 or the contested-with-trial schedule applied to the limit: 20% of the first $25,000 and 10% of the next $75,000. What is the minimum additional coverage required?
Correct answer: B - $10,500
The AK-PC exam also covers these domains. Drill them in the full free practice test:
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