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. 21.27.080. 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 […]
Sec. 21.27.100. Appointment of insurance producer, managing general agent, and reinsurance intermediary manager; acts of agent.
(a) An appointment is required to be made in accordance with this section when one or more of the following has occurred: (1) an admitted insurer appoints a managing general agent in this state or relative to a subject resident, located, or to be performed in this state; (2) a managing general agent appoints an […]
Sec. 21.27.380. License renewal, expiration, and reinstatement.
(a) Except as provided in this title, the director may renew a license biennially on a date set by the director if the licensee continues to be qualified under this chapter and, on or before the license expiration date, meets all renewal requirements established by regulation, submits a renewal application, and pays the renewal license […]