State Requirements

Business Rules

• Applicants are subject to continuing education (CE) requirements and are required to complete twenty-four (24) hours of CE with three hours of ethics before their license expiration date. Credit hours earned must be submitted directly to the Division by the CE Provider. CE is not required for limited lines licenses (credit, travel, title, portable electronics, bail bonds), persons holding a temporary license, or licensees who have not been licensed for at least twenty-four (24) months.

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

• All submitted phone numbers must be exactly 10 digits.

• Any changes to the lines of the authority (LOAs) on the license being renewed must be made directly with the state division of insurance.

• Applicants must renew all LOAs appearing as active on Producer Database (PDB) associated with applicant license class.

• Variable annuities or variable life applicants must hold active life LOA before renewing.

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

• Applicant renewing surplus lines broker must hold active insurance producer license with property and casualty LOAs prior to applying for surplus lines broker renewal.

• An individual licensed with a Title Insurance Limited Producer license class/LOA combination may not be licensed for any other license class / line in this state.

• 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 a firm licensee is based upon the firm's initial license date, as follows:
  • if the firm's initial license was issued in an odd-numbered year, the renewal date is the initial license date every odd-numbered year;
  • if the firm's initial license was issued in an even-numbered year, the renewal date is the initial license date every even-numbered year.

• Applications not completed within four (4) months from the date filed will be considered withdrawn and new application forms and fees will be required pursuant to Alaska Statute 21.27.020(f).

• Please Note: If licensee identifies that administrative action has been taken that has not been previously reported to this state or the licensee has had a criminal conviction or been charged with a crime, a statement of the circumstances and copies of the court documents must be filed for review. Administrative actions require the licensee to submit copies of the action or file the information through NIPR.com (warehouse of actions) for staff review and approval.

• Third-Party Administrator (TPA) Applicant Requirements
  • All third party administrator renewal 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.
  • Certified financial statements for the prior two (2) years prepared by an independent certified public accountant that establishes that the TPA is solvent and that the TPA’s system of accounting, internal procedure, and control in operating effectively to provide reasonable assurance that the money is promptly accounted for and paid to the person entitled to the money.
  • Attach a list of current insurers under contract.
  • A list of key employees that manage or supervise the TPA’s business in this state.