™Your Policy Risk Impact Agent
53 chapters · 1,250 sections in this title.
AS 21.27.550 Appointment of insurance producer as an agent.
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(a) A person may not act as or represent to be a representative of, authorized or appointed agent of, or other term implying a contractual relationship with a particular admitted insurer, or accept applications on behalf of an admitted insurer, unless the person is licensed as an…
AS 21.27.560 Appointment of insurance producers as brokers.
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(a) A client who appoints an insurance producer as its broker in this state or relative to a subject resident, located, or to be performed in this state shall execute a written contract that specifically sets out the duties, functions, powers, authority, and compensation of the i…
AS 21.27.570 Operating requirements for controlling insurance producers.
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Article 3. Managing General Agents. (a) If the aggregate amount of gross written premium on business placed by a controlling insurance producer exceeds five percent of the admitted assets of the controlled insurer for a calendar year as reported in the insurer's most recent finan…
AS 21.27.590 Managing general agents qualifications.
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In addition to the general qualifications under AS 21.27.020, the director may require that a managing general agent maintain (1) a bond in an amount acceptable to the director and that requires the managing general agent to conduct business under this title; and (2) an errors an…