reglab/housing_qa huggingface dataset:
AK Stat § 21.09.290 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.290. Risk retention groups.

(a) A risk retention group formed in this state shall (1) comply with 15 U.S.C. 3901 - 3906 (Liability Risk Retention Act); and (2) qualify for and hold in good standing a certificate of authority under AS 21.09.010 - 21.09.320, limited to liability insurance only. (b) A risk retention group shall submit with its application for a certificate of authority (1) the identity of (A) the initial members of the risk retention group; (B) all persons who organized the risk retention group; (C) all persons who will provide administrative services to the risk retention group; (D) all persons who will influence or control the activities of the risk retention group; (2) the amount and nature of initial capitalization; (3) a plan of operation or a feasibility study that includes the coverage, deductible, coverage limit, rate, and rating classification system for the type or class of liability insurance the group intends to offer; and (4) the states in which the risk retention group intends to operate. (c) At least 30 days before a domestic risk retention group implements a material change or revision to an approved plan of operation or feasibility study, the material change or revision shall be filed with the director. A material change or revision may not be implemented unless the domestic risk retention group receives the director's written approval. In this subsection, “material change or revision” includes an offering of an additional type or class of liability insurance. (d) In this section, (1) “liability” means legal liability for damages, including costs of defense, legal costs and fees, and other claims expenses, because of injury to another person, damage to property, or other damage or loss to a person resulting from or arising out of a business, whether profit or nonprofit, trade, product, service, including a professional service, or an activity of a state or local government, or an agency or political subdivision of a state or local government; “liability” does not include personal risk liability or employer's liability with respect to its employees other than legal liability under 45 U.S.C. 51 (Federal Employers' Liability Act); (2) “personal risk liability” means liability for damages because of injury to a person, damage to property, or other loss or damage resulting from a personal, familial, or household responsibility or activity and that is not a responsibility or activity described under (1) of this subsection.
AK Stat § 21.09.320 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.320. Maintenance of records; production; civil penalty.

(a) A foreign insurer shall keep at its principal place of business a complete record of its assets, transactions, and affairs in accordance with the methods and systems that are customary or suitable to the kind of business transacted. (b) To meet the requirements of (a) of this section, the insurer shall keep the records as required by the record maintenance requirements of the insurer's domicile jurisdiction. (c) The director may make a request in writing to review records under (a) of this section. An insurer shall, not later than 10 business days after the date of the request, provide the requested records to the director or make the records available for inspection and copying. All records inspected or examined under this subsection are confidential, but may be used by the director in a proceeding against the insurer. (d) Failure by an insurer to provide information required in this section may result in a civil penalty of up to $1,000 for each violation and an additional civil penalty of up to $50 for each day the information requested is not provided.
AK Stat § 21.09.400 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 2. Corporate Governance Annual Disclosure.|Sec. 21.09.400. Corporate governance annual disclosure scope.

(a) AS 21.09.400 - 21.09.460 do not prescribe or impose a corporate governance standard or internal procedure beyond that required under AS 10. Nothing in AS 21.09.400 - 21.09.460 limits the director's authority or the rights or obligations of a third party. (b) AS 21.09.400 - 21.09.460 apply to an insurer domiciled in this state.
AK Stat § 21.09.420 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 2. Corporate Governance Annual Disclosure.|Sec. 21.09.420. Regulations and orders.

To carry out the provisions of AS 21.09.400 - 21.09.460, the director may (1) adopt regulations, including regulations substantially similar to the regulations under the National Association of Insurance Commissioners' Corporate Governance Annual Disclosure Model Regulation; and (2) issue orders necessary to implement the provisions.
AK Stat § 21.09.430 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 2. Corporate Governance Annual Disclosure.|Sec. 21.09.430. Contents of corporate governance annual disclosure.

(a) An insurer or insurance group may have discretion in responding to a corporate governance annual disclosure inquiry if the insurer's or insurance group's disclosure contains the material necessary for the director to gain an understanding of the insurer's or insurance group's corporate governance structure, policies, and practices. The director may request additional information the director determines necessary for the director to have a clear understanding of the insurer's or insurance group's corporate governance policies, reporting or information system, or controls implementing those policies. (b) An insurer or insurance group shall prepare a corporate governance annual disclosure consistent with regulations adopted by the director under AS 21.09.420. An insurer or insurance group shall maintain documents and supporting information used in preparing the insurer's or insurance group's disclosure and shall make the documents and supporting information available upon examination or request of the director.
AK Stat § 21.09.440 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 2. Corporate Governance Annual Disclosure.|Sec. 21.09.440. Confidentiality.

Documents, materials, or other information, including a corporate governance annual disclosure, in the possession or control of the division that are obtained by, created by, or disclosed to the director or any person under AS 21.09.400 - 21.09.460 are confidential and subject to the provisions of AS 21.06.060.
AK Stat § 21.09.460 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 2. Corporate Governance Annual Disclosure.|Sec. 21.09.460. Penalties.

Each day an insurer or insurance group fails, without just cause, to file the corporate governance annual disclosure in the time required under AS 21.09.410(a), the insurer or insurance group shall pay $1,000, not to exceed $365,000. The director may reduce the penalty under this section if the insurer or insurance group demonstrates to the director that the imposition of the penalty is a financial hardship to the insurer or insurance group.
AK Stat § 21.27.025 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.025. Required notice of licensee.

(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.
AK Stat § 21.27.030 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.030. Controlled business disqualification.

(a) The director may not issue an insurance producer, a managing general agent, or a surplus lines broker license to a person if the director has reasonable cause to believe that the applicant for the license would, during the 12-month period immediately following issuance of the license, earn or receive an aggregate amount in commission, service fees, brokerage, or other valuable consideration, directly or indirectly, by whatever name called, represented by the controlled business that exceeds 50 percent of the aggregate amount of compensation, commission, service fees, brokerage, or other valuable consideration represented by all other insurance business that would be procured by or through the applicant. (b) The vendor who is title holder of property being sold under an installment purchase contract is not considered to be the owner of the property for the purposes of this section. (c) A licensee may not earn or receive an aggregate amount in commission, service fees, brokerage, or other valuable consideration, directly or indirectly, by whatever name called, represented by the controlled business that exceeds 50 percent of the aggregate amount in compensation, commission, service fees, brokerage, or other valuable consideration represented by all other insurance business in a calendar year. (d) In addition to any other penalty provided by law, a person who violates this section is subject to the penalties provided under AS 21.27.440. (e) “Controlled business” means insurance procured or to be procured by or through the person upon (1) the life, person, or property of the person or those of the person's spouse or relatives by blood or marriage to the second degree; (2) the life, person, or property of the employer or firm of the person, or of an officer, director, stockholder, or member of the employer or firm of the person, other than members of mutual insurers, or of a spouse of the employer, officer, director, stockholder, or member; (3) the life, person, or property of the ward or employees of the person, or upon persons or property under the person's supervision or control as trustee under an indenture or decree, or as administrator or executor of an estate.
AK Stat § 21.27.040 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.040. Application for license.

(a) Application for a license shall be made to the director upon forms prescribed by the director. As a part of or in connection with the application, the applicant shall furnish information concerning the applicant's identity, personal history, experience, business record, purposes, and other pertinent facts that the director may reasonably require. The applicant shall declare, subject to penalty of denial, nonrenewal, suspension, or revocation of a license issued by the director, that the statements made in or in connection with the application are true, correct, and complete to the best of the applicant's knowledge and belief. Payment of an application fee established under AS 21.06.250 must be submitted with the application. (b) [Repealed, § 47 ch 29 SLA 1987.]  (c) In addition to any other penalty provided by law, a person wilfully misrepresenting a fact required to be disclosed in or in connection with the application or other information required by this section is subject to the penalties provided for under AS 21.27.440. (d) The director may require an applicant or licensee at any time, including at the time of license renewal, to supply current information of the type made in or supplemental to an application. (e) As part of the application required by (a) of this section, a resident applicant shall furnish to the director a full set of fingerprints and the fees required by the Department of Public Safety under AS 12.62.160 for criminal justice information and a national criminal history record check so that the director may obtain criminal justice information as provided under AS 12.62 about the applicant. The director shall submit the completed fingerprint card and fees to the Department of Public Safety for a report of criminal justice information under AS 12.62 and a national criminal history record check under AS 12.62.400. (f) If, through inaction, an applicant fails to complete the application process, the applicant's application filed with the director under (a) of this section is considered withdrawn. The withdrawal becomes effective 120 days after the filing of the application. If the director has initiated administrative action with respect to an application, withdrawal becomes effective at the time and on the conditions required by an order issued under this chapter.
AK Stat § 21.27.060 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|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 and responsibilities as a licensee and the insurance statutes and regulations of the state. (b) If the director determines that a licensee has violated this title or that a licensee has conducted affairs under the license that cause the director reasonably to desire further evidence of the qualifications of the licensee, the director may at any time require the licensee to personally take and pass, to the satisfaction of the director, an examination that tests the knowledge and competence of the licensee as to the licensee's duties and responsibilities as a licensee, or the insurance laws of the state. (c) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in that individual's prior home state is not required to pass the examination required by (a) of this section in order to secure the same authority in this state. The exemption available under this subsection applies only if the application is received within 90 days after the cancellation of the applicant's previous license in the applicant's prior home state and (1) the applicant's prior home state verifies that, at the time of cancellation, the applicant held an insurance producer license that was in good standing in that state; or (2) the insurance producer licensing database records for the prior home state that are maintained by the National Association of Insurance Commissioners or its affiliates or subsidiaries indicate that the applicant is or was licensed in good standing for the kind of license requested. (d) This section does not apply to an applicant (1) for a limited license under AS 21.27.150(a)(1), (4), (5), or (8); or (2) who, at any time within the one-year period immediately preceding the date the current pending application is received by the division, had been licensed in good standing in this state under a license requiring substantially similar qualifications as required by the license applied for. (e) The director may make available a printed manual specifying in general terms the subjects that may be covered in an examination for a particular license.
AK Stat § 21.27.080 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|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 the director, applicants, and licensees. (c) The director may require a waiting period of reasonable duration before giving a new examination to an applicant who has failed to pass a previous similar examination. (d) The director may make arrangements, including contracting with an outside testing service, for administering examinations and collecting a nonrefundable fee.
AK Stat § 21.27.100 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|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 insurance producer as its subagent in this state or relative to subjects resident, located, or to be performed in this state; (3) a domestic reinsurer appoints a reinsurance intermediary manager; (4) a reinsurance intermediary manager appoints an insurance producer as its subagent in this state. (b) An admitted insurer shall appoint an insurance producer as its agent in this state or relative to a subject resident, located, or to be performed in this state not later than 30 days after the date that a written agency contract is executed or the first insurance application is submitted to the admitted insurer by the licensed insurance producer. (c) An individual who has entered into an employment contract with a licensed firm that is appointed as an agent or a managing general agent on behalf of an admitted insurer under this section may not be required to also have an appointment under this section if the individual has entered into an employment contract with that firm for a specific class of authority. (d) The authorized or apparently authorized acts on behalf of an appointing insurer of an insurance producer appointed under this section are considered the acts of that insurer. (e) An insurer and managing general agent shall maintain a current list of all appointments made or required to be made under this section that identifies the licensee's name, licensee's mailing address, license number, and effective date of appointment. (f) An insurance producer shall maintain a list of all appointments made or required to be made under this section that identifies the insurer's name, insurer's mailing address, and effective date of appointment. (g) An insurer, managing general agent, or insurance producer shall reply in writing within three working days to an inquiry of the director regarding an appointment.
AK Stat § 21.27.110 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.110. Term of appointment.

(a) An appointment under AS 21.27.100 continues in force until the appointment is terminated in writing. (b) If an insurer, reinsurer, or authorized representative discovers information showing that the appointee whose appointment was terminated has engaged in an activity identified in AS 21.27.410 during the period of the appointment, the insurer, reinsurer, or authorized representative shall, on a form or in a format prescribed by the director, promptly notify the director. (c) Within 15 days after providing notification in accordance with (b) of this section, the insurer, reinsurer, or authorized representative shall mail a copy of the notification to the appointee at the last address on record with the insurer, reinsurer, or authorized representative. The notice must be provided by certified mail, return receipt requested, postage prepaid, or by overnight delivery using a nationally recognized mail carrier. (d) Within 30 days after the appointee receives notification in accordance with (c) of this section, the appointee may file written comments concerning the substance of the notification with the director and shall provide a copy of the written comments to the insurer, reinsurer, or authorized representative. The written comments filed with the director must be included with each report distributed or disclosed concerning a reason about the termination of the appointment. (e) If requested by the director, an insurer, a reinsurer, or an authorized representative shall provide to the director additional information, documents, records, or other data pertaining to a termination or activity of a licensee under this title. (f) A notice of termination submitted to the director under this section must include a statement of the reasons for the termination. A statement of the reasons for termination is confidential and not subject to inspection and copying under AS 40.25.110. A statement of reasons for the termination may not be admitted as evidence in a civil action or an administrative proceeding against an insurer, reinsurer, or authorized representative by or on behalf of a person affected by the termination, except when the action or proceeding involves perjury, unsworn falsification in the second degree, fraud, or failure to comply with this subsection. (g) If an insurer, a reinsurer, or an authorized representative fails to report as required under this section or is found by a court to have knowingly or intentionally falsely made that report, the director may, after notice and hearing, suspend or revoke the license or certificate of authority of the insurer, reinsurer, or authorized representative and may impose a penalty in accordance with AS 21.27.440.