Alaska Surplus Lines study plan
Alaska Surplus Lines · Give each week a clear focus.
8 weeks · About 7 hours per week
Alaska Insurance Statutes and Regulations Pertaining to Surplus Lines
List the Alaska statutes and regulations that govern surplus lines placement and identify which agency administers them
Define key surplus lines terms (eligible surplus lines insurer, unauthorized insurer, surplus lines broker, diligent search) in your own words
Outline the scope of surplus lines authority in Alaska, including what risks may and may not be placed with unauthorized insurers
Map each of the eight exam domains to the statute or regulation sections you will study in later weeks
Your checkpoint
A one-page statutory roadmap linking all eight domains to specific Alaska statute/regulation citations
Alaska Insurance Statutes and Regulations Pertaining to Surplus Lines & Surplus Lines Eligibility, Diligent Search, and Declination Requirements
Explain when a risk is eligible for surplus lines placement versus admitted-market placement
Describe the diligent search standard and the records a broker must keep to prove it
Identify what constitutes a valid declination from an admitted insurer
Sequence the steps of a compliant placement from eligibility determination through declination documentation
Your checkpoint
A written 10-step compliant placement checklist with the documentation required at each step
Surplus Lines Eligibility, Diligent Search, and Declination Requirements
Draft a sample declination request that satisfies diligent search requirements
Distinguish sufficient from insufficient declination documentation across at least five scenarios
Apply the number-of-declinations and eligible-insurer rules to fact patterns and justify each conclusion
List common diligent search failures that trigger regulatory criticism
Your checkpoint
Five worked fact patterns with your eligibility and diligent search determinations plus reasoning
Eligible and Unauthorized Insurers; Trust Fund and Financial Requirements
Differentiate eligible surplus lines insurers from unauthorized insurers that may not be used
Explain the financial strength, trust fund, and reporting requirements an eligible insurer must satisfy
Identify how Alaska's surplus lines trust fund or guaranty protections interact with insurer insolvency
Evaluate a hypothetical insurer profile against eligibility criteria and state a conclusion
Your checkpoint
A comparison table of eligible versus ineligible insurer criteria plus two insurer-profile evaluations
Placement, Premium Tax, and Reporting Obligations
Compute premium tax owed on a set of surplus lines transactions using the correct rate and base
Identify filing deadlines and the contents of required surplus lines reports
Describe recordkeeping obligations and retention periods for placed policies
Trace the premium from collection through tax remittance and flag where errors commonly occur
Your checkpoint
A completed premium tax and reporting worksheet for six sample transactions with correct totals
Broker Licensing, Appointment, and Bonding Requirements & Ethics and Fiduciary Responsibilities of Surplus Lines Brokers
List the licensing, appointment, and bonding requirements for Alaska surplus lines brokers
Explain fiduciary duties owed on premium funds, including handling of returned or unearned premium
Identify conflicts of interest and prohibited conduct under broker ethical standards
Apply fiduciary and ethical rules to three short scenarios and state the correct action
Your checkpoint
A broker compliance and ethics quick-reference sheet plus three scenario resolutions
Policyholder Notices, Disclosures, and Unfair Trade Practices & Surplus Lines Insurance Guaranty Fund and Claims
Identify the policyholder notices and disclosures required at placement, including the unauthorized-insurer disclosure
Recognize unfair trade practice conduct as applied to surplus lines marketing and servicing
Explain what the surplus lines guaranty fund covers, what it excludes, and how claims are filed
Draft the required disclosure language a policyholder should receive
Your checkpoint
A sample policyholder disclosure packet plus a guaranty fund coverage/exclusion summary
Alaska Insurance Statutes and Regulations Pertaining to Surplus Lines & Surplus Lines Eligibility, Diligent Search, and Declination Requirements & Eligible and Unauthorized Insurers; Trust Fund and Financial Requirements & Placement, Premium Tax, and Reporting Obligations & Broker Licensing, Appointment, and Bonding Requirements & Policyholder Notices, Disclosures, and Unfair Trade Practices & Surplus Lines Insurance Guaranty Fund and Claims & Ethics and Fiduciary Responsibilities of Surplus Lines Brokers
Complete two full-length timed practice exams and score each by domain
Re-study the two weakest domains until practice scores reach a consistent passing margin
Recite from memory the key deadlines, tax rates, and documentation requirements
Build a final one-page cheat sheet covering all eight domains
Your checkpoint
Two scored practice exams with a domain-by-domain error log and a final one-page cheat sheet
Milestones
Week 2: Can explain eligibility and diligent search requirements and produce a compliant placement checklist without notes
Week 4: Scores at least 75% on a 20-question quiz covering Domains 1-3
Week 6: Correctly computes premium tax on sample transactions and lists all broker licensing and bonding requirements from memory
Week 8: Scores at least 80% on two full-length timed practice exams with no domain below 70%