Casualty — Information & Free Practice
US-AK · Examination information
160 free questions · Answer explanations · No signup required
Casualty
- Provider
- Pearson VUE
- Format
- Multiple-choice; two required parts
- Passing score
- Passing scaled score of 70; all required parts must pass
Examination outline
I. TYPES OF POLICIES, BONDS, AND RELATED TERMS — 23
- A. Commercial general liability
- A.1. Exposures
- A.1.a. Premises and Operations
- A.1.b. Products and Completed Operations
- A.2. Coverage
- A.2.a. Coverage A: Bodily Injury and Property Damage Liability (Occurrence, Claims made including Retroactive Date)
- A.2.b. Coverage B: Personal Injury and Advertising Injury
- A.2.c. Coverage C: Medical Payments
- A.2.d. Supplemental Payments
- A.2.e. Who is an insured
- A.2.f. First named insured
- A.2.g. Limits (Per occurrence, Annual Aggregate)
- A.2.h. Damage to Property of Others
- B. Automobile: personal auto and business auto
- B.1. Liability
- B.1.a. Bodily Injury
- B.1.b. Property Damage
- B.1.c. Split Limits
- B.1.d. Combined Single Limit
- B.2. Medical Payments
- B.3. Physical Damage (collision; other than collision; specified perils)
- B.4. Uninsured motorists
- B.5. Underinsured motorists
- B.6. Who is an insured
- B.7. Types of Auto
- B.7.a. Owned
- B.7.b. Non-owned
- B.7.c. Hired
- B.7.d. Temporary Substitute
- B.7.e. Newly Acquired Autos
- B.7.f. Transportation Expense and Rental Reimbursement Expense
- B.8. Auto Dealers Coverage Form, including Garagekeepers Insurance
- B.9. Exclusions
- B.10. Individual Insured and Drive Other Car (DOC)
- B.11. Mobile equipment
- C. Workers Compensation Insurance, Employers Liability Insurance, and Related Issues (This section does not deal with specifics of state law, which are addressed elsewhere in this outline.)
- C.1. Standard policy concepts
- C.1.a. Who is an employee/employer
- C.1.b. Compensation
- C.2. Work-related vs. non-work-related
- C.3. Other states’ insurance
- C.4. Employers Liability
- C.5. Exclusive remedy
- C.6. Premium Determination
- D. Crime
- D.1. Employee Dishonesty
- D.2. Theft
- D.3. Robbery
- D.4. Burglary
- D.5. Forgery and Alteration
- D.6. Mysterious disappearance
- E. Bonds
- E.1. Surety
- E.2. Fidelity
- F. Professional liability
- F.1. Errors and Omissions
- F.2. Medical Malpractice
- F.3. Directors and Officers (D&O)
- F.4. Employment Practices Liability (EPLI)
- F.5. Cyber liability and data breach, funds transfer
- F.6. Liquor liability
- G. Umbrella/Excess Liability
- H. Business Owners Policy (BOP)
II. INSURANCE TERMS AND RELATED CONCEPTS — 15
- A. Risk
- B. Hazards
- B.1. Moral
- B.2. Morale
- B.3. Physical
- C. Indemnity
- D. Insurable interest
- E. Loss valuation
- E.1. Actual cash value
- E.2. Replacement cost
- E.3. Market value
- E.4. Stated/agreed value
- E.5. Salvage value
- 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
- R.1. Compensatory
- R.1.a. General
- R.1.b. Special
- R.2. Punitive
- S. Compliance with provisions of Fair Credit Reporting Act
III. POLICY PROVISIONS — 12
- 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. Other insurance
- L. Subrogation
- M. Loss settlement provisions including consent to settle a loss
- N. Terrorism Risk Insurance Act (TRIA)
I. ALASKA LAWS, RULES AND REGULATIONS COMMON TO LIFE, HEALTH (ACCIDENT AND HEALTH), PROPERTY, CASUALTY AND PERSONAL LINES INSURANCE — 30
- A. Director of Insurance
- A.1. Broad powers
- A.2. Adoption of regulations
- A.3. Examination of records
- A.4. Notice and hearing
- A.5. Penalties
- B. Definitions
- B.1. Admitted (authorized) and nonadmitted companies
- B.2. Domestic, foreign, and alien
- B.3. Stock and mutual
- B.4. Premiums
- B.5. Transacting insurance
- B.6. Certificate of Authority
- C. Licensing
- C.1. License required
- C.1.a. Insurance producer
- C.1.b. Managing general agent
- C.1.c. Surplus lines broker
- C.1.d. Independent adjusters
- C.1.e. Firm licenses
- C.1.f. Compliance Officer (Designated Responsible Producer)
- C.1.g. Resident
- C.1.h. Nonresident licensees
- C.1.i. Exceptions
- C.1.j. Producer appointments
- C.2. Maintenance of license
- C.2.a. Renewal
- C.2.b. Denial, Nonrenewal, Suspension or Revocation
- C.2.c. Continuing education
- D. Marketing Practices
- D.1. Unfair practices
- D.1.a. Unfair claims methods and practices
- D.1.b. Rebating
- D.1.c. Twisting
- D.1.d. Misrepresentation
- D.1.e. Defamation
- D.1.f. Unfair discrimination
- D.1.g. Boycott, coercion, and intimidation
- D.2. Premium financing
- D.3. Fiduciary responsibilities
- D.4. Compensation of licensees
- D.5. Required records and record retention
- D.6. Advertising
- D.7. Controlled business
- D.8. Duty to report fraudulent claims/Immunity from reporting fraudulent claims
- D.9. Alaska Insurance Guaranty Association
II. ALASKA LAWS, RULES, AND REGULATIONS PERTIENT TO CASUALTY INSURANCE ONLY — 10
- A. Definitions
- A.1. Casualty insurance
- A.2. Surplus lines insurance
- A.3. Business/commercial insurance
- A.4. Nonpayment of premium
- A.5. Personal auto insurance
- B. Binders
- C. Cancellation/Nonrenewal
- C.1. Personal
- C.2. Commercial
- C.2.a. Renewal
- D. Civil Rule 82
- E. Automobile insurance
- E.1. Financial responsibility
- E.1.a. Definition of financial responsibility
- E.1.b. Persons required to show proof
- E.2. Provisions
- E.2.a. Required minimum limits
- E.2.b. Uninsured and underinsured motorists coverage
- E.2.c. Rental car physical damage
- E.2.d. Named driver exclusion
- E.3. Automobile assigned risk
- E.4. Transportation network company/rideshare
- F. Workers Compensation
- F.1. Duties of employer
- F.2. General provisions
- F.3. Assigned Risk Pool
- F.4. Cancellation
- F.5. Longshore and Harbor Workers’ (USL&H)
Examination sources
- Alaska Insurance Licensing Candidate Handbook
page 12, Content Outlines, published blueprint statement
- Alaska Insurance Supplement Examination Content Outlines
S7, Casualty General Knowledge heading
- Alaska Insurance Supplement Examination Content Outlines
S7-S9 and S12-S13, printed effective-date footer
- Alaska Insurance Supplement Examination Content Outlines
S7, Casualty general scored/pretest count
- Alaska Insurance Supplement Examination Content Outlines
S8, Alaska-specific Casualty scored/pretest count
- Alaska Insurance Licensing Candidate Handbook
page 12, Content Outlines, major lines examination format
- Alaska Insurance Licensing Candidate Handbook
page 9, Score Reporting
- Alaska Insurance Supplement Examination Content Outlines
S7, Casualty general scored/pretest count
- Alaska Insurance Licensing Candidate Handbook
back cover, examination code 05
- Alaska Insurance Licensing Candidate Handbook
back cover, registration and combinations
- Alaska Insurance Licensing Candidate Handbook
page 9, Retaking the Exam
Related license preparation
This examination may be required or accepted as an alternative, depending on the license and application pathway.