Alaska License Law
Which of the following statements is TRUE about Alaska's requirement for errors and omissions (E&O) insurance?
AOnly brokers are required to carry E&O insurance
BAll active licensees must maintain E&O coverage as a condition of their license✓ Correct
CE&O insurance is optional for licensees with fewer than 5 years of experience
DThe state provides group E&O coverage for all licensees at no charge
Explanation
Alaska requires all active real estate licensees to maintain errors and omissions insurance as a condition of license activation. The license is automatically suspended if coverage lapses.
Related Alaska Alaska License Law Questions
- Which of the following is required for an Alaska real estate advertisement to be lawful?
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