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Article 1. Licensing.
Sec. 21.27.010. License required. - (a) Except as provided otherwise in this chapter, a person...
Sec. 21.27.020. General qualifications for license. - (a) For the protection of the people of this state,...
Sec. 21.27.025. Required notice of licensee. - (a) A licensee shall notify the director in writing not...
Sec. 21.27.030. Controlled business disqualification. - (a) The director may not issue an insurance producer, a...
Sec. 21.27.040. Application for license. - (a) Application for a license shall be made to the...
Sec. 21.27.060. Examination of applicants and licensees. - (a) Except as provided in this chapter, an applicant for...
Sec. 21.27.080. Examinations. - (a) The answers of the applicant to an examination shall...
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...
Sec. 21.27.110. Term of appointment. - (a) An appointment under AS 21.27.100 continues in force until...
Sec. 21.27.115. Lines of authority. - If a person has met the applicable requirements of AS...
Sec. 21.27.130. Form and content of licenses. - (a) A license must be in the form the director...
Sec. 21.27.140. Firm licenses. - (a) A firm shall have a firm license, the scope...
Sec. 21.27.150. Limited licenses. - (a) The director may issue a (1) travel insurance limited...
Sec. 21.27.152. Travel insurance. - (a) A person that makes, arranges, or offers travel services...
Sec. 21.27.160. Scope of licenses. - An insurance producer, managing general agent, reinsurance intermediary broker, reinsurance...
Sec. 21.27.190. Bond. - (a) In addition to any other requirements in this title,...
Sec. 21.27.215. Employment contracts. - (a) A firm may enter into an employment contract with...
Sec. 21.27.270. Licensing of nonresidents. - (a) In accordance with P.L. 106-102 (Gramm-Leach-Bliley Act), the director...
Sec. 21.27.275. Alien licensees. - The director may issue a license authorized by this chapter...
Sec. 21.27.330. Place of business. - (a) A person licensed under this chapter shall have and...
Sec. 21.27.350. Records of licensees. - (a) A licensee shall document each action taken in regard...
Sec. 21.27.360. Reporting and accounting for premiums and premium taxes and fees. - (a) A licensee involved in the procuring or issuance of...
Sec. 21.27.370. Sharing compensation. - (a) Except as provided in (c) and (d) of this...
Sec. 21.27.380. License renewal, expiration, and reinstatement. - (a) Except as provided in this title, the director may...
Sec. 21.27.390. Temporary license. - (a) The director may issue a temporary license only to...
Sec. 21.27.405. Hearing and order on violation. - (a) On the complaint of a person or on the...
Sec. 21.27.410. Denial, nonrenewal, suspension, or revocation of licenses. - (a) The director may deny issuance of or not renew...
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...
Sec. 21.27.430. Suspensions and revocations. - (a) An order suspending a license shall specify the period...
Sec. 21.27.440. Penalties. - (a) In addition to any other penalty provided by law,...
Sec. 21.27.460. Return of license. - (a) A license issued under this chapter is the property...
Article 2. Insurance Producers.
Sec. 21.27.530. Insurance producer qualifications. - In addition to the general qualifications under AS 21.27.020, to...
Sec. 21.27.550. Appointment of insurance producer as an agent. - (a) A person may not act as or represent to...
Sec. 21.27.560. Appointment of insurance producers as brokers. - (a) A client who appoints an insurance producer as its...
Sec. 21.27.570. Operating requirements for controlling insurance producers. - (a) If the aggregate amount of gross written premium on...
Article 3. Managing General Agents.
Sec. 21.27.590. Managing general agents qualifications. - In addition to the general qualifications under AS 21.27.020, the...
Sec. 21.27.610. Authority of managing general agents. - A managing general agent has only the authority consistent with...
Sec. 21.27.620. Operating requirements for managing general agents; actions for loss. - (a) An insurer may not transact business with a managing...
Article 4. Third-Party Administrators.
Sec. 21.27.630. Registration required. - (a) A person may not act as or represent to...
Sec. 21.27.640. Third-party administrator qualifications. - (a) The director may not issue or renew a registration...
Sec. 21.27.650. Operating requirements for third-party administrators. - (a) An insurer may not transact business with a third-party...
Sec. 21.27.660. Definitions. - In AS 21.27.630 - 21.27.660, (1) “insurer” includes the Comprehensive...
Article 5. Reinsurance Intermediary Brokers.
Sec. 21.27.670. Reinsurance intermediary broker qualifications. - In addition to the general qualifications under AS 21.27.020, the...
Sec. 21.27.690. Operating requirements for reinsurance intermediary brokers; actions for loss. - (a) Except as provided in (b) of this section, an...
Sec. 21.27.700. Reinsurance intermediary broker records. - In addition to any other records requirements under this title,...
Article 6. Reinsurance Intermediary Managers.
Sec. 21.27.730. Reinsurance intermediary manager qualifications. - In addition to the general qualifications under AS 21.27.020, the...
Sec. 21.27.750. Authority of reinsurance intermediary managers. - A reinsurance intermediary manager has only the authority that is...
Sec. 21.27.760. Operating requirements for reinsurance intermediary managers; actions for loss. - (a) A reinsurer may not transact business with a reinsurance...
Sec. 21.27.770. Reinsurance intermediary manager records. - In addition to any other records requirements under this chapter,...
Article 7. Surplus Lines Brokers.
Sec. 21.27.790. Surplus lines broker qualifications. - In addition to the general qualifications under AS 21.27.020, to...
Sec. 21.27.810. Surplus lines broker records. - In addition to any other records requirements under this chapter,...
Sec. 21.27.820. Denial, nonrenewal, suspension, or revocation of surplus lines broker license. - In addition to other action available under this title, the...
Article 8. Independent Adjusters.
Sec. 21.27.830. Independent adjuster qualifications. - In addition to the general qualifications under AS 21.27.020, to...
Sec. 21.27.840. Trainee independent adjusters. - (a) An individual resident who does not have the experience...
Sec. 21.27.850. Insurance producer, managing general agent, surplus lines broker, reinsurance intermediary broker, and reinsurance intermediary manager as independent adjuster. - Without being required by this chapter to be licensed also...
Sec. 21.27.860. Unlicensed nonresident adjusters. - (a) A nonresident independent adjuster not licensed by this state...
Sec. 21.27.870. Independent adjuster records. - In addition to any other records requirements under this chapter,...
Article 9. Pharmacy Benefits Managers.
Sec. 21.27.901. Registration of pharmacy benefits managers; scope of business practice. - (a) A person may not conduct business in the state...
Sec. 21.27.905. Renewal of registration. - (a) A pharmacy benefits manager shall biennially renew a registration...
Sec. 21.27.910. Pharmacy audit procedural requirements. - (a) When a pharmacy benefits manager conducts an audit of...
Sec. 21.27.915. Overpayment or underpayment. - (a) When a pharmacy benefits manager conducts an audit of...
Sec. 21.27.920. Recoupment. - (a) When a pharmacy benefits manager conducts an audit of...
Sec. 21.27.925. Pharmacy audit reports. - (a) A pharmacy benefits manager shall deliver a preliminary audit...
Sec. 21.27.930. Pharmacy audit appeal; future repayment. - (a) A pharmacy benefits manager conducting an audit shall establish...
Sec. 21.27.935. Fraudulent activity. - When a pharmacy benefits manager conducts an audit of a...
Sec. 21.27.940. Pharmacy audits; restrictions. - The requirements of AS 21.27.901 - 21.27.955 do not apply...
Sec. 21.27.945. Drug pricing list; procedural requirements. - (a) A pharmacy benefits manager shall (1) make available to...
Sec. 21.27.950. Multi-source generic drug appeal. - (a) A pharmacy benefits manager shall establish a process by...
Sec. 21.27.955. Definitions. - In AS 21.27.901 - 21.27.955, (1) “audit” means an official...
Article 10. General Provisions.
Sec. 21.27.990. Definitions. - In this chapter, (1) “accredited state” means a state in...