US Insurance Alaska Advanced Test 8

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (Alaska) Professional (Insurance, USA) USA — Alaska State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — Alaska.
For adults preparing for Insurance license in the USA
Section: Insurance — Advanced (Alaska) · Education: Professional (Adult) · Part: Insurance — Advanced (Alaska) · Country: USA · Region: USA — Alaska

A regular habit of taking practice tests makes learned information stick and is one of the most important factors directly affecting exam success.

This test will help you gauge your knowledge in your field and manage your exam prep more efficiently.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is replacement cost?

A) market

B) new-item price coverage

C) depreciated

D) used value

Question 2

What is a premium?

A) deductible

B) copay

C) regular insurance payment

D) claim payout

Question 3

What is a deductible?

A) amount paid before coverage

B) monthly bill

C) copay

D) payout

Question 4

What is a copay?

A) fixed visit fee

B) payout

C) premium

D) deductible

Question 5

What is liability coverage?

A) medical for you

B) theft of yours

C) pays others' damage you cause

D) your car repairs

Question 6

What is collision coverage?

A) liability

B) flood

C) your car crash repairs

D) theft

Question 7

What is comprehensive coverage?

A) health

B) liability

C) non-crash damage (theft, hail)

D) collision

Question 8

What is a waiting period?

A) free look

B) renewal

C) grace period

D) time before coverage starts

Question 9

What is term life insurance?

A) investment

B) coverage for a set period

C) lifetime

D) no expiry

Question 10

What is whole life insurance?

A) yearly

B) term only

C) lifetime plus cash value

D) no payout

Question 11

What is a beneficiary?

A) lender

B) person receiving payout

C) adjuster

D) agent

Question 12

What is underwriting?

A) claim filing

B) canceling

C) risk assessment for policies

D) selling

Question 13

What is an exclusion?

A) what policy does NOT cover

B) deductible

C) premium

D) covered item

Question 14

What is a rider?

A) added coverage option

B) cancel

C) claim

D) basic policy

Question 15

What is grace period?

A) cancel window

B) extra payment time

C) claim time

D) free coverage

Question 16

What is coinsurance?

A) full coverage

B) shared percent after deductible

C) copay

D) premium

Question 17

What is an out-of-pocket max?

A) unlimited

B) yearly payment ceiling

C) premium

D) deductible

Question 18

What is HMO?

A) network HMO care plan

B) no referrals

C) any doctor

D) PPO

Question 19

What is PPO?

A) no coverage

B) flexible network plan

C) free care

D) HMO only

Question 20

What is flood insurance?

A) auto covers

B) separate NFIP policy

C) homeowners covers

D) no need

US Insurance Alaska Advanced Test 8

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