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Life and Health Insurance Producer Exam

Penalties (AK): practice questions

Our Life & Health Insurance bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Alaska

Under AS 21.27.440, what is the maximum civil penalty per violation of the producer licensing chapter if the violation is wilful?

  1. $5,000
  2. $25,000
  3. $100,000
  4. $10,000
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B. $25,000 — AS 21.27.440(a)(2).

Question 2 · Alaska

After an order of suspension or revocation, within how many days must the license be returned to the director?

  1. 60
  2. 30
  3. 10
  4. Five
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C. 10 — AS 21.27.460(a).

Question 3 · Alaska

What is the longest period for which the Alaska director may suspend a license?

  1. Six months
  2. Five years
  3. 12 months
  4. Three years
Show the answer

C. 12 months — AS 21.27.430(a).

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