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Life and Health Insurance Producer Exam

Policy provisions (AK): practice questions

Our Life & Health Insurance bank has 6 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Alaska

Under Alaska's time limit on certain defenses provision, after how long from issue can non-fraudulent misstatements no longer void an individual health policy?

  1. Three years
  2. Two years from issue
  3. Five years from issue
  4. One year from issue date
Show the answer

A. Three years — AS 21.51.050.

Question 2 · Alaska

How long does an Alaska life insurance or annuity owner have to return the policy for a refund under the required first-page notice?

  1. 20 days after delivery
  2. Seven days
  3. 45 days after the policy's issue date
  4. 10 days after delivery
Show the answer

D. 10 days after delivery — AS 21.45.020(c)(2).

Question 3 · Alaska

What grace period must an ordinary Alaska individual life insurance policy provide?

  1. 31 days for monthly policies only
  2. 10 days
  3. 30 days, or one month of not less than 30 days
  4. Two months
Show the answer

C. 30 days, or one month of not less than 30 days — AS 21.45.030.

Question 4 · Alaska

Under the legal actions provision, what is the earliest a lawsuit may be brought on an Alaska individual health policy?

  1. One year after the claim is denied
  2. Immediately after notice of claim
  3. 30 days after the loss occurs
  4. 60 days after written proof of loss is furnished
Show the answer

D. 60 days after written proof of loss is furnished — AS 21.51.140.

Question 5 · Alaska

What minimum grace period must an Alaska individual health policy with monthly premiums provide?

  1. 10 days
  2. 31 days for all policies
  3. Seven days
  4. 45 days after the due date
Show the answer

A. 10 days — AS 21.51.060(a).

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