State statute · Alaska

Alaska Statutes Title 21 (Insurance), Chapter 27

Producers, Agents, Administrators, Brokers, Adjusters, and Managers (AS 21.27.010 - 21.27.990)

Publisher: Alaska State Legislature, BASIS
Edition: Alaska Statutes 2025
Last checked: 2026-09-02
Status: AK statutes, public domain

Edition and licensing notes

Publisher. Alaska State Legislature, BASIS (akleg.gov)

Edition. Alaska Statutes 2025 (34th Legislature, 2025-2026)

Status. AK statutes, public domain (state government edict).

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What this document is

Alaska Statutes Title 21 (Insurance), Chapter 27 - Producers, Agents, Administrators, Brokers, Adjusters, and Managers (AS 21.27.010 - 21.27.990) is a state statute published by Alaska State Legislature, BASIS (akleg.gov). It is one of the Alaska documents that insurance license exam questions are written from, including alaska life & health, alaska property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

AS tit. 21, ch. 27 § 21.27.360(b) (Reporting and accounting for premiums)
“(b) Except as provided under (h) of this section, all money, except that made payable to the insurer, representing premium taxes and fees, premiums, or return premiums received by the licensee shall be received by the licensee as a fiduciary and shall be promptly accounted for and paid to the...”
AS tit. 21, ch. 27 § 21.27.410(a) (Denial, nonrenewal, suspension, or revocation of licenses)
“(a) The director may deny issuance of or not renew a license or may suspend or revoke a license issued under this chapter for any of the following: (1) a cause for which issuance of the license or its renewal could have been denied had it then existed and been known to the director; (2) a violation...”
AS tit. 21, ch. 27 § 21.27.100(b) (Appointment of insurance producer)
“(b) An admitted insurer shall appoint an insurance producer as its agent in this state or relative to a subject resident, located, or to be performed in this state not later than 30 days after the date that a written agency contract is executed or the first insurance application is submitted to the...”
AS tit. 21, ch. 27 § 21.27.010(e) (License required, insurer employee exception)
“(e) An employee of an insurer who responds to requests from existing policyholders on existing policies is not required to be licensed under this section if the employee (1) is not directly compensated based on volume of premiums that may result from those services; and (2) does not transact insurance.”
AS tit. 21, ch. 27 § 21.27.060(b) (Examination of applicants and licensees)
“(b) If the director determines that a licensee has violated this title or that a licensee has conducted affairs under the license that cause the director reasonably to desire further evidence of the qualifications of the licensee, the director may at any time require the licensee to personally take...”
AS 21.27.020(f) (General qualifications for license; continuing education)
“(f) The director may adopt regulations establishing additional education or experience requirements for applicants, licensees, and continuing education providers under this chapter upon due consideration of the availability and accessibility of education and training opportunities in rural areas of...”
AS 21.27.025(a) (Required notice of licensee)
“(a) A licensee shall notify the director in writing not later than 30 days after a change in residence, place of business, legal name, fictitious name or alias, mailing address, electronic mailing address, telephone number, or compliance officer. A licensee shall report to the director in writing...”
AS 21.27.030(e) (Controlled business disqualification)
“(e) “Controlled business” means insurance procured or to be procured by or through the person upon (1) the life, person, or property of the person or those of the person’s spouse or relatives by blood or marriage to the second degree; (2) the life, person, or property of the employer or firm of the...”
AS 21.27.330(a) (Place of business)
“(a) A person licensed under this chapter shall have and maintain at least one place of business that is physically accessible to the public in this state unless the person holds a nonresident license and principally conducts transactions in another state. However, the nonresident licensee must have...”
AS 21.27.370(a) - (c) (Sharing compensation)
“(a) Except as provided in (c) and (d) of this section, a licensee may not compensate a person, other than a licensee who is acting within the scope of the person’s license, for transacting insurance in this state or relative to a risk resident, located, or to be performed in this state. (b) Except...”
AS 21.27.380(b) (License renewal, expiration, and reinstatement)
“(b) If a license is not renewed on or before the renewal date set by the director, the license expires. A licensee may not act as or represent to be an insurance producer, managing general agent, reinsurance intermediary broker, reinsurance intermediary manager, surplus lines broker, or independent...”
AS 21.27.390(a) (Temporary license)
“(a) The director may issue a temporary license only to a person who, except for experience, training, or the taking of an examination, meets all qualifications for a permanent license and if the person is (1) the surviving spouse, next of kin, or the administrator or executor of a deceased licensed...”

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