Alaska Insurance License Exam

Written by: Ethan Peyton

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Alaska Insurance License Exam

Passing your Alaska insurance license exam is a pivotal part of becoming a licensed insurance agent in the state of Alaska.

In this guide, we’ll break down the general information that you need to know in order to pass your exam, outline the differences between each examination line, and offer tips on both: how to prepare for your Alaska insurance licensing exam, and on what to do after you pass.

Tip: Doing a pre-licensing education course dramatically increases your chance of passing your exam on your first attempt, which can end up saving you both time and money in the long run.

4.7 out of 5 starsKaplan Education Company

Alaska Insurance Exam Basics

General Information

The State of Alaska uses Pearson VUE to administer its insurance agent licensing. This means that you will be able to register and book all of your licensing examinations through the Pearson VUE website. Your test can be carried out online or in person.

Each major insurance line examination is made up of bulleted questions and includes both general and state-specific material.

The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the Alaska insurance regulations and laws that you will need to know in order to operate as an insurance agent.

Score Explanation

The scoring system for insurance licensing exams is somewhat complex.

Each licensing examination has multiple versions (known as forms), which are made up of different questions. This means that your exam can be easier or more difficult than someone else’s, even if you’re being tested on the same line, on the same day.

Example

Imagine that you have two forms of a Property & Casualty exam.

On Form X, the Alaska Division of Insurance determines that answering 30 questions correctly demonstrates that you have the minimum knowledge necessary to pass your exam and become a licensed agent.

On Form Y, however, the same level of understanding is demonstrated by answering 25 questions correctly. In this scenario, you would need 30 correct answers to pass on Form X, whereas you would need 25 correct answers to pass on Form Y.

Following this, a second procedure known as scaling is used to translate this method into a numerical figure, which is then reported to all candidates.

As a result, the score you will see after your exam is not actually a reflection of the number of answers you got correct, nor is it a reflection of your final percentage score. It’s merely a number that is meant to show how well or poorly you’ve done relative to what you needed to do in order to pass.

Cost

Your Alaska insurance license exam cost will depend on the number of examinations that you take.

Examination 

Cost 

Time Allowed

Life

$89

135 Minutes

Accident & Health

$89

135 Minutes

Property

$89

135 Minutes

Casualty

$89

135 Minutes

Note: You should focus on one exam at a time. This will likely increase the amount of time and effort you can allocate to each examination and should allow you to feel more prepared when you sit your exam.

Recommended

Doing a pre-licensing education course dramatically increases your chance of passing your exam on your first attempt, which can end up saving you both time and money in the long run. For pre-licensing education, StateRequirement recommends:

4.7 out of 5 starsKaplan Education Company

Alaska Life and Health Insurance Exam

Below you can find the content outline offered by Pearson VUE.

We recommend using it as a checklist when working through your pre-license education course. This way, you’ll be absolutely sure that you haven’t missed any topic that you will be tested on later.

Life General Knowledge Content Outline

50 scorable questions, plus 10 pretest questions.

I. Types of Policies

A. Traditional whole life products
B. Interest/market-sensitive/adjustable life products
C. Term life
D. Annuities
E. Combination plans and variations

II. Policy Riders, Provisions, Options, and Exclusions

A. Policy riders
B. Policy provisions and options
C. Policy exclusions

III. Completing the Application, Underwriting, and Delivering the Policies

A. Completing the application
B. Underwriting
C. Delivering the policy
D. Contract law

IV. Taxes, Retirement, and Other Insurance Concepts

A. Third-party ownership
B. Viatical settlements
C. Life settlements
D. Group life insurance
E. Retirement plans
F. Life insurance needs analysis/suitability
G. Social Security benefits
H. Tax treatment of insurance premiums, proceeds, and dividends

Life Alaska Specific Content Outline

40 scorable questions, plus 10 pretest questions.

I. Types of Policies

A. Director of Insurance
B. Definitions
C. Licensing
D. Marketing Practices

II. Alaska Statutes & Rules Relating to Life Insurance Only

A. Policy requirements
B. Individual life and annuities
C. Group Life
D. Viatical settlements
E. Annuity Suitability

Accident & Health General Knowledge Content Outline

50 scorable questions, plus 10 pretest questions.

I. Types of Polices

A. Disability income
B. Accidental death and dismemberment
C. Medical expense insurance
D. Medicare supplement policies
E. Group insurance
F. Individual/Group Long Term Care (LTC)
G. Other policies

II. Policy Provisions, Clauses, and Riders

A. Mandatory and optional provisions
B. Other provisions and clauses
C. Riders
D. Rights of renewability

III. Social Insurance

A. Medicare (Parts A, B, C, D)
B. Medicaid
C. Social Security benefits

IV. Other Insurance Concepts

A. Total, partial, recurrent, and residual disability
B. Owner’s rights
C. Dependent children benefits
D. Primary and contingent beneficiaries
E. Modes of premium payments
F. Nonduplication and coordination of benefits
G. Occupational vs. non-occupational
H. Tax treatment of premiums and proceeds of insurance contracts
I. Managed care
J. Workers Compensation
K. Subrogation

V. Field Underwriting Procedures

A. Completing the application
B. Explaining sources of insurability and HIPAA privacy info
C. Initial premium payment and receipt
D. Submitting application to company for underwriting
E. Policy delivery
F. Explaining policy to clients
G. Replacement
H. Contract law

Alaska Specific Accident & Health Content Outline

40 scorable questions, plus 10 pretest questions. 

I. Alaska Laws, Rules, and Regulations Common to Life, Health, Casualty, and Personal Lines Insurance

A. Director of Insurance
B. Definitions
C. Licensing
D. Marketing Practices

II. Alaska Laws, Rules, and Regulations for Health (Accident and Health) Insurance Only

A. Definition of health and disability insurance
B. Discrimination against medical providers
C. Individual disability required provisions
D. Group insurance
E. Other required provisions for individual/group disability
F. Medicare Supplement
G. Small Employer Health Insurance
H. Large Group Health Insurance
I. Long Term Care
J. Affordable Care Act

We recommend reading our in-depth How to Pass the Life Insurance Exam guide for a better overview.

Alaska Property and Casualty License Exam

Below you can find the content outline offered by Pearson VUE.

You should use this outline as a checklist when working through your pre-license education course in order to ensure that you haven’t missed any topic that you will be tested on later.

Property General Knowledge Content Outline

50 scorable answers plus 10 pretest questions.

I. Types of Policies

A. Homeowners
B. Dwelling policies
C. Commercial lines
D. Inland marine
E. National Flood Insurance Program
F. Others

II. Insurance Terms and Related Concepts

A. Insurance
B. Insurable interest
C. Risk
D. Hazard
E. Peril
F. Loss
G. Loss Valuation
H. Proximate cause
I. Deductible
J. Indemnity
K. Limits of liability
L. Coinsurance/Insurance to value
M. Occurrence
N. Cancellation
O. Nonrenewal
P. Vacancy and Inoccupancy
Q. Liability
R. Negligence
S. Binder
T. Endorsements
U. Blanket vs. Specific

III. Policy Provisions and Contract Law

A. Declarations
B. Insuring agreement
C. Conditions
D. Exclusions
E. Definition of the insured
F. Duties of the insured
G. Obligations of the insurance company
H. Mortgagee rights
I. Proof of loss
J. Notice of claim
K. Appraisal
L. Other Insurance Provision
M. Subrogation
N. Elements of a contract
O. Warranties, representations, and concealment
P. Sources of underwriting information
Q. Fair Credit Reporting Act
R. Privacy Protection (Gramm Leach Bliley)
S. Policy Application
T. Terrorism Risk Insurance Act (TRIA)

Alaska Specific Property Content Outline

40 scorable answers plus 10 pretest questions.

I. Alaska Laws, Rules, and Regulations Common to Life, Health (Accident and Health), Property, Casualty, and Personal Lines Insurance 

A. Director of Insurance
B. Definitions
C. Licensing
D. Marketing Practices

II. Alaska Laws, Rules, and Regulations Pertinent to Property Insurance Only

A. Definitions
B. Binders
C. Cancellation/Nonrenewal

Casualty General Knowledge Content Outline

50 scorable questions, plus 10 pretest questions.

I. Types of Policies, Bonds, and Related Terms

A. Commercial general liability
B. Automobile: personal auto and business auto
C. Workers Compensation Insurance, Employers Liability Insurance and Related Issues
D. Crime
E. Bonds
F. Professional liability
G. Umbrella/Excess Liability

II. Insurance Terms and Related Concepts

A. Risk
B. Hazards
C. Indemnity
D. Insurable interest
E. Loss valuation
F. Negligence
G. Liability
H. Occurrence
I. Binders
J. Warranties
K. Representations
L. Concealment
M. Deposit Premium/Audit
N. Certificate of Insurance
O. Law of Large Numbers
P. Pure vs. Speculative Risk
Q. Endorsements
R. Damages
S. Compliance with provisions of Fair Credit Reporting Act

III. Policy Provisions

A. Declarations
B. Insuring agreement
C. Conditions
D. Exclusions and Limitations
E. Definition of the insured
F. Duties of the insured after a loss
G. Cancellation and nonrenewal provisions
H. Supplementary payments
I. Proof of loss
J. Notice of claim
K. Arbitration
L. Subrogation
M. Loss settlement provisions including consent to settle a loss
N. Terrorism Risk Insurance Act (TRIA)

Alaska Specific Casualty Content Outline

40 scorable questions, plus 10 pretest questions. 

I. Alaska Laws, Rules and Regulations Common to Life, Health (Accident and Health), Property, Casualty, and Personal Lines Insurance

A. Director of Insurance
B. Definitions
C. Licensing
D. Marketing Practices

II. Alaska Laws, Rules, and Regulations Pertinent to Casualty Insurance Only

A. Definitions
B. Binders
C. Cancellation/Nonrenewal
D. Civil Rule 82
E. Automobile insurance
F. Workers Compensation

We recommend reading our Property and Casualty Insurance exam article for a more in-depth overview.

How to Pass the Alaska Insurance Exam

Passing your Alaska insurance exam ultimately comes down to your mindset and degree of preparation.

We have composed a few helpful exam tips and tricks that should help you perform as well as you can during your exam day.

Get a Pre-License Course

Even though this is not a requirement in the state of Alaska, getting a pre-license course can be incredibly beneficial. These courses can help you get accustomed to the extensive amount of content that you will have to memorize.

We recommend Kaplan’s course because it offers a variety of helpful features, including:

  • Online exam simulations
  • Live online training
  • Printable study guides
  • End of chapter reviews

For more information, we recommend reading our Kaplan Insurance Course Review.

Make Enough Time to Study

Not leaving enough time to prepare is one of the easiest ways to ensure that you do not pass your exam on your first attempt.

Remember, there are zero questions on your exam that are based on common sense or critical thinking. All questions are purely factual, and so will relate to how well you understand and remember the content that you have learned.

We recommend allocating around one to two weeks to prepare for your exam, as this should allow you to go through all of the material at least twice.

Control Test Anxiety

Even though you cannot control whether you get exam anxiety or not, you can take a few steps when preparing to limit its effect on your performance:

  • Establish a consistent pretest routine — Acclimate yourself to exam conditions by following a specific routine on each practice exam at home. This should help you feel less anxious during your exam day.
  • Get plenty of sleep — Lack of sleep can exacerbate your anxiety and increase your self-doubt. Make sure you are consistently getting a good night’s sleep in the week leading up to your exam.
  • Study effectively — This sounds obvious, but make sure you are actually tailoring your studying to the exam that you are taking. Remember, there are no critical thinking or common sense questions involved.
  • Arrive early — If you are planning to sit your exam in person, we recommend you arrive at least 30 minutes before it’s due to start in order to get used to your surroundings and have time to check in with your center’s administrator.

For a more in-depth overview of how you can prepare for your Alaska insurance exam, we recommend reading our How to Pass the Insurance Exam article.

Getting Your Alaska Insurance License

Your next steps will depend on whether you actually passed your exam, as well as on whether you plan to get licensed for any additional lines.

You can apply for your license up to 12 months after you complete your exam, so if you would like to attempt passing additional insurance line exams before filing your licensing application with the Alaska Division of Insurance, you are free to do that.

Once you pass the insurance licensing exam, the next requirements are to:

  • Complete a fingerprinting and background check
  • File the licensing application
  • Mail the fingerprint card
  • Wait for your application to be reviewed

Have a look at our How to Become an Insurance Agent in Alaska review for more information on all the steps that you will need to take after passing your insurance exam.

Alaska Department of Commerce, Community and Economic Development Contact Information

Anchorage

Mailing Address:
Alaska Division of Insurance
P.O. Box 110805
Juneau, AK 99811-0805


Physical Address:
333 Willoughby AVE, 9th FL
State Office Building
Juneau, AK 99801-1770

Phone: (907) 465-2515
Fax: (907) 465-3422

Juneau

Mailing Address:
Alaska Division of Insurance
550 West 7th Avenue, Suite 1560
Anchorage, Alaska 99501-3567

Phone:
 (907) 269-7900
Fax: (907) 269-7910

Email: insurance@alaska.gov

Website: https://www.commerce.alaska.gov/web/ins/

License Search: Alaska Insurance License Search and Lookup

Alaska Insurance Exams FAQ

How often do I have to renew my license?

You will need to renew your insurance license every two years in the state of Alaska. For more information, see our guide on How to Renew Your Insurance License in Alaska.

How long is the Alaska insurance exam?

This will depend on what examination you are sitting. The Life exam, for example, takes 135 minutes. On the other hand, the Personal Lines exam is 150 minutes. Some lines (e.g., Surplus, Managing General Agent, etc.) are one hour or less.

How many times can you take the Alaska insurance exam?

You can take the Alaska insurance exam as many times as needed in order to pass. Having said that, keep in mind that you will need to wait at least 24 hours after each attempt.

How many questions are on the Alaska insurance exam?

The total number of questions on your exam will depend on what insurance examination you actually take. We recommend having a look at your exam’s content outline for more information.

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