State Requirements

Business Rules

• Applicant must be eighteen (18) years old or older as determined from the applicant’s date of birth.

• Applicant must provide a valid business and resident address, which must not be a P.O. box.

• Applicant must provide a valid business email address and fax number.

• All submitted phone numbers must be exactly 10 digits.

• The license will expire on the last day of the birth month, odd/even year of birth. If an applicant applies within three (3) months of their expiration date, the license will be issued up to twenty-seven (27) months.

• Applicant applying for or already holding the property and casualty lines of authority (LOAs) in Alaska may not also apply for personal lines LOA. Personal lines is already covered by the property and casualty LOAs in Alaska.

• Applicants applying for viatical settlement representative, broker or provider license must hold an active insurance producer license for life, variable annuity and variable life.

• All adjusters must have at least six (6) months active working experience within last two (2) years.

• Applicant applying for a limited - title license class/LOA combination can only hold a single LOA.

• All surplus lines broker applicants must hold an active insurance producer license with property and casualty LOAs.

• Applicants licensed as an insurance producer in another state that are moving to this state can transfer their license authority by submitting an application within ninety (90) days of the cancellation from the previous resident state.

• Applicants for the variable line of authority must supply FINRA CRD number on application.

• Applications not completed within four (4) months from the date filed will be considered withdrawn and new application forms and fees will be required pursuant to Alaska Statute 21.27.040(f).

• Note that any other form of insurance, such as a consumer credit insurance policy as defined in AS 21.57.160, a third party Guaranteed Asset Protection (GAP) or Debt Cancellation or Suspension product, pre-paid maintenance, exterior/interior protection, theft protection, or other type of protection not within the definition of a service contract under AS 21.03.021 may not be solicited, sold, or negotiated under the motor vehicle service contract provider license issued under AS 21.61. A separate insurance producer or limited lines credit insurance producer license may be required.

• If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax.

• Expiration dates generate pursuant to 3 AAC 23.860. The biennial renewal date for an individual licensee is based upon the individual's birth month, as follows:                       
  •  if the individual licensee's birth year is an odd number, the renewal date is the last day of the month in the individual's birth month every odd-numbered year;                         
  •  if the individual licensee's birth year is an even number, the renewal date is the last day of the month in the individual's birth month every even-numbered year.

• Fingerprinting information:

  • Applicants must submit an FBI FD 258 fingerprint card to the Alaska Division of Insurance for the division to conduct a state and national criminal background check. A fingerprint card is only required if the applicant does not hold an active insurance license.

  • The fingerprint card is required for a state and national criminal background check to occur.

  • *Please note that fingerprint cards may not be uploaded via NIPR’s Attachment Warehouse.  The original documents must be sent directly to the Alaska Division of Insurance.  You may view the states contact information here.*

  • The Code of Federal Regulations provides information that assists individuals with requesting changes, corrections, or updates of identification records in 28 CFR 16.34. You may direct any challenge as to the accuracy or completeness of any entry on your record to the FBI, who will then forward your challenge to the agency which submitted the data. Please refer to www.fbi.gov for additional information.
• Third-Party Administrator (TPA) Applicant Requirements:
  • All Third Party Administrator applicants must submit or be aware of the following requirements. Documents can be submitted using the mailing address referenced in the State Contact Information section.
  • All basic organizational documents of the Third-Party Administrator, including articles of incorporation, articles of association, partnership agreement, trade name certificate, trust agreement, shareholder agreement and other applicable documents and all endorsements to the required documents.
  • Bylaws, rules, regulations and similar documents regulating the internal affairs of the administrator.
  • The names, mailing addresses, physical addresses, official positions and professional qualifications of persons who are responsible for the conduct of affairs of the Third-Party Administrator, including the members of the board of directors, board of trustees, executive committee or other governing board or committee, the principal officers in the case of a corporation or the partners or members in the case of a partnership or association, shareholders holding directly or indirectly ten (10) percent or more of the voting securities of the Third-Party Administrator and any other person who exercises control or influence over the affairs of the Third-Party Administrator.
  • Certified (audited) financial statements for the prior two (2) years prepared by an independent certified public accountant that establish that the applicant is solvent, that the applicant's system of accounting, internal control and procedure is operating effectively to provide reasonable assurance that money is promptly accounted for and paid to the person entitled to the money. If the applicant submits a consolidated statement, a consolidating worksheet for the applicant must also be included.
  • A statement describing the business plan including information on staffing levels and activities proposed in this state and in other jurisdictions and provide details establishing the Third-Party Administrator's capability for providing a sufficient number of experienced and qualified personnel in the areas of claims handling, underwriting, and record keeping.
  • Identify the key personnel who supervise or have responsibility over personnel performing TPA functions.