(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 any administrative action taken against the licensee by a governmental agency of another state, by a governmental agency of another jurisdiction, or by a financial industry regulatory authority sanction or arbitration proceeding not later than 30 days after the final disposition of the action. A licensee shall submit to the director the final order and other relevant legal documents in the action. A licensee shall report to the director any criminal prosecution of the licensee in this or another state or jurisdiction not later than 30 days after the date of filing of the criminal complaint, indictment, information, or citation in the prosecution. The licensee shall submit to the director a copy of the criminal complaint, calendaring order, and other relevant legal documents in the prosecution.
(b) In addition to any other penalty provided by law, a failure to notify the director as required by this section is cause for denial, nonrenewal, suspension, or revocation of a license.
Structure Alaska Statutes
Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers
Sec. 21.27.010. License required.
Sec. 21.27.020. General qualifications for license.
Sec. 21.27.025. Required notice of licensee.
Sec. 21.27.030. Controlled business disqualification.
Sec. 21.27.040. Application for license.
Sec. 21.27.060. Examination of applicants and licensees.
Sec. 21.27.110. Term of appointment.
Sec. 21.27.115. Lines of authority.
Sec. 21.27.130. Form and content of licenses.
Sec. 21.27.140. Firm licenses.
Sec. 21.27.150. Limited licenses.
Sec. 21.27.152. Travel insurance.
Sec. 21.27.160. Scope of licenses.
Sec. 21.27.215. Employment contracts.
Sec. 21.27.270. Licensing of nonresidents.
Sec. 21.27.275. Alien licensees.
Sec. 21.27.330. Place of business.
Sec. 21.27.350. Records of licensees.
Sec. 21.27.360. Reporting and accounting for premiums and premium taxes and fees.
Sec. 21.27.370. Sharing compensation.
Sec. 21.27.380. License renewal, expiration, and reinstatement.
Sec. 21.27.390. Temporary license.
Sec. 21.27.405. Hearing and order on violation.
Sec. 21.27.410. Denial, nonrenewal, suspension, or revocation of licenses.
Sec. 21.27.420. Procedure for suspending, revoking, or conditioning a license.