Sec. 21.27.405. Hearing and order on violation.
(a) On the complaint of a person or on the motion of the director, the director may conduct an investigation to determine whether a person has violated this chapter. (b) If the director determines that a person has violated this chapter, the director shall serve an order upon the person charged requiring that person to […]
Sec. 21.27.410. 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) […]
Sec. 21.27.420. Procedure for suspending, revoking, or conditioning a license.
(a) After a hearing under AS 21.06.170 – 21.06.240, if the director determines that a person has violated a provision of this title and that the person’s license should be suspended or revoked, the director shall issue an order effective 10 days after the date of issuing that the license is suspended or revoked. (b) […]
Sec. 21.27.430. Suspensions and revocations.
(a) An order suspending a license shall specify the period during which the license is suspended. A period of suspension may not exceed 12 months. (b) An order revoking a license shall specify the period during which the person may not seek to be licensed in this state or licensed relative to a subject resident, […]
Sec. 21.27.440. Penalties.
(a) In addition to any other penalty provided by law, a person that the director determines under AS 21.06.170 – 21.06.240 has violated the provisions of this chapter is subject to (1) a civil penalty equal to the compensation promised, paid, or to be paid, directly or indirectly, to a person in regard to each […]
Sec. 21.27.460. Return of license.
(a) A license issued under this chapter is the property of the state. Within 10 days of an order or notice of nonrenewal, suspension, or revocation of the license, the licensee or other person having possession or custody of the license shall deliver it to the director either personally or by certified mail. (b) If […]
Sec. 21.27.060. Examination of applicants and licensees.
(a) Except as provided in this chapter, an applicant for an individual license and a compliance officer applicant for a firm license shall, before the issuance of the license, personally take and pass, to the satisfaction of the director, an examination that tests the knowledge and competence of the applicant as to the applicant’s duties […]
Sec. 21.27.360. Reporting and accounting for premiums and premium taxes and fees.
(a) A licensee involved in the procuring or issuance of an insurance contract shall report to the insurer the exact amount of consideration charged as a premium for the contract. The amount charged shall be shown in the contract and in the records of the licensee. (b) Except as provided under (h) of this section, […]
Sec. 21.27.080. Examinations.
(a) The answers of the applicant to an examination shall be written by the applicant under the director’s supervision, and the written examination may be supplemented by oral examination at the director’s discretion. (b) The director shall give examinations at the times and places that the director considers necessary to reasonably serve the convenience of […]
Sec. 21.27.370. 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 […]