reglab/housing_qa huggingface dataset:
AK Stat § 21.27.430 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|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, located, or to be performed in this state. (c) In addition to any other penalty provided by law, a person whose license has been suspended or revoked shall pay a penalty equal to all or a portion of the compensation received during the suspension or revocation relating to the transaction of insurance.
AK Stat § 21.27.440 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|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 violation; (2) either a civil penalty of not more than $10,000 for each violation or a civil penalty of not more than $25,000 for each violation if the director determines that the person wilfully violated the provisions of this chapter; and (3) denial, nonrenewal, suspension, or revocation of a license. (b) An order issued by the director that levies a civil penalty shall specify the time period within which the civil penalty must be fully paid. The period may not be less than 15 days or more than one year after the date of the order. Upon failure to pay a civil penalty when due, the director shall revoke, without further hearing, all licenses of the licensee not already revoked.
AK Stat § 21.27.460 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|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 a license is lost, stolen, or destroyed while in the possession of the licensee or person, the director may accept, in lieu of the return of the license, an affidavit of the licensee or other person responsible for or involved in the safekeeping of the license concerning the facts of the loss, theft, or destruction. (c) Upon a change in the state of residence, a place of business, a mailing address, or in the compliance officer of a firm, a license subject to the change shall be surrendered to the director within 10 days either personally or by certified mail and the division shall reissue the license reflecting the changes if the licensee continues to satisfy the qualifications under this chapter.
AK Stat § 21.27.530 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 2. Insurance Producers.|Sec. 21.27.530. Insurance producer qualifications.

In addition to the general qualifications under AS 21.27.020, to qualify for issuance or renewal of an insurance producer license, an applicant or licensee (1) must possess the competence necessary to fulfill the responsibilities of an insurance producer; (2) if previously licensed in good standing in this state as an insurance producer, must not have had a license suspended or revoked within the previous four calendar years; (3) for a license with a scope that includes variable contracts, must either be currently registered with the federal Securities and Exchange Commission as a broker-dealer or personally take and pass, to the satisfaction of the director, tests of the knowledge and competence of the applicant concerning securities.
AK Stat § 21.27.560 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 2. Insurance Producers.|Sec. 21.27.560. Appointment of insurance producers as brokers.

(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 insurance producer, if the broker is compensated by a fee paid by the client or by a combination of a fee paid by a client and a commission paid by an insurer with which coverage has been placed. The written contract shall be kept in the permanent records of the insurance producer and be open to inspection by the director. (b) The insurance producer may not knowingly accept payment of a premium for coverage until the coverage has been authorized by the insurer. This subsection does not apply to renewal of existing coverage placed by the insurance producer or to a premium deposit for the purchase of insurance. A premium deposit shall be returned to the client if coverage is not obtained within 10 working days. (c) An insurance producer appointed as a client's broker may only receive compensation if the compensation is a (1) fee that requires the insurance producer to offset or reimburse the client for the full amount of a commission earned by the insurance producer; (2) combination of a fee paid by a client and a commission paid by an insurer with which coverage is placed that may offset or reimburse a client for all or part of a commission earned by the insurance producer if the amount of the commission is disclosed to the client; or (3) commission paid by an insurer with which coverage has been placed. (d) A contract between a client and an insurance producer may not be assigned in whole or in part by the insurance producer. (e) An insurance producer appointed as a broker by a client may act as an appointed agent of an admitted insurer and may accept an application, bind coverage, and collect a premium from the client on behalf of the admitted insurer. (f) [Repealed, § 52 ch 34 SLA 2015.] (g) Money paid by a client to an insurance producer for insurance premiums shall be held by the insurance producer as a fiduciary. (h) An insured shall be entitled to coverage or a return premium and the premium shall be considered received by the insurer if the premium payment made to the insurance producer was, at the time made, designated for specific coverage, and the insurer accepted or acknowledged coverage by issuing a policy binder or other evidence of temporary insurance, or the insurance producer received information from the insurer in the normal course of business that the insurance had been granted. (i) Except as provided under (c) and (e) of this section, this section does not alter the common law of agency as applied to transactions under this title.
AK Stat § 21.27.590 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|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 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 and omissions insurance policy acceptable to the director.
AK Stat § 21.27.610 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 3. Managing General Agents.|Sec. 21.27.610. Authority of managing general agents.

A managing general agent has only the authority consistent with this title that is conferred by an admitted insurer. A managing general agent, resident or nonresident, qualified and licensed under this chapter, may exercise the powers conferred by this title upon insurance producers and independent adjusters only for the kinds or classes of insurance and within the scope authorized by the insurer appointing the managing general agent.
AK Stat § 21.27.660 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 4. Third-Party Administrators.|Sec. 21.27.660. Definitions.

In AS 21.27.630 - 21.27.660, (1) “insurer” includes the Comprehensive Health Insurance Association created under AS 21.55.010 and any person issued or required to obtain a certificate of authority under this title to transact life insurance, annuities, and health insurance or to provide coverage for the cost of medical care; (2) “transact” has the meaning given in AS 21.97.900.
AK Stat § 21.27.670 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|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 director may require that a reinsurance intermediary broker maintain (1) a bond in an amount acceptable to the director in favor of insurers and this state that requires the reinsurance intermediary broker to conduct business under this title; and (2) an errors and omissions insurance policy acceptable to the director.
AK Stat § 21.27.700 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 5. Reinsurance Intermediary Brokers.|Sec. 21.27.700. Reinsurance intermediary broker records.

In addition to any other records requirements under this title, a reinsurance intermediary broker shall maintain in organized form a record of each transaction including (1) the type of contract, limits, underwriting restrictions, classes or risks, and territory; (2) the period of coverage, including effective and expiration dates, cancellation provisions, and required notice of cancellation; (3) the reporting and settlement requirements of balances; (4) the rate used to compute the reinsurance premium; (5) the names and addresses of reinsurers; (6) the rate of all reinsurance commissions, including the commissions on retrocessions handled by the reinsurance intermediary broker; (7) the related correspondence and memoranda; (8) the proof of placement; (9) the details regarding retrocessions handled by the reinsurance intermediary broker including the identity of retrocessionaires and the percentage of each contract assumed or ceded; (10) the financial records of premium and loss accounts; (11) if the reinsurance intermediary broker procures a reinsurance contract on behalf of an admitted ceding insurer (A) written evidence directly from an assuming reinsurer that it has agreed to assume the risk; or (B) written evidence, if placed through a representative of the assuming reinsurer other than an employee, that the reinsurer had delegated binding authority to the representative; and (12) additional information that is customary or that may be required by the director.
AK Stat § 21.27.730 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|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 director may require that a reinsurance intermediary manager maintain (1) a bond in an amount acceptable to the director that requires the reinsurance intermediary manager to conduct business under this title; and (2) an errors and omissions insurance policy acceptable to the director.
AK Stat § 21.27.750 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 6. Reinsurance Intermediary Managers.|Sec. 21.27.750. Authority of reinsurance intermediary managers.

A reinsurance intermediary manager has only the authority that is consistent with this title and that is conferred by the reinsurer. A reinsurance intermediary manager, resident or nonresident, qualified and licensed under this chapter, may exercise the powers conferred by this title upon insurance producers and independent adjusters only for the kinds or classes of insurance and within the scope that reinsurance intermediary is authorized by the reinsurer appointing the reinsurance intermediary manager.
AK Stat § 21.27.770 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 6. Reinsurance Intermediary Managers.|Sec. 21.27.770. Reinsurance intermediary manager records.

In addition to any other records requirements under this chapter, a reinsurance intermediary manager shall maintain in organized form a complete record of each transaction including (1) the type of contract, limits, underwriting restrictions, classes or risks, and territory; (2) the period of coverage, including effective and expiration dates, cancellation provisions, and required notice of cancellation; (3) disposition of outstanding reserves on covered risks; (4) the reporting and settlement requirements of balances; (5) the rate used to compute the reinsurance premium; (6) the names and addresses of reinsurers; (7) the rate of all reinsurance commissions, including the commissions on retrocessions handled by the reinsurance intermediary broker and reinsurance intermediary manager; (8) related correspondence and memoranda; (9) proof of placement; (10) details regarding retrocessions handled by the reinsurance intermediary broker and reinsurance intermediary manager including the identity of retrocessionaires and the percentage of each contract assumed or ceded; (11) financial records of premium and loss accounts; and (12) if the reinsurance intermediary broker procures a reinsurance contract on behalf of an admitted ceding insurer or when the reinsurance intermediary manager places a reinsurance contract on behalf of a ceding insurer, written evidence (A) directly from an assuming reinsurer that it has agreed to assume the risk; or (B) that the reinsurer had delegated binding authority to the representative, if placed through a representative of the assuming reinsurer other than an employee of the assuming reinsurer.
AK Stat § 21.27.790 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|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 qualify for issuance or for renewal of a resident surplus lines broker license, an applicant or licensee shall (1) be licensed as either an insurance producer or managing general agent for property and casualty lines of authority; (2) if required by the director by regulation, maintain a bond as described in AS 21.27.190 in an amount acceptable to the director that requires the surplus lines broker to conduct business under this title, promptly remit the taxes and fees required by law, return premiums promptly when due, and pay proper losses promptly; (3) if the director requires, maintain an errors and omissions insurance policy acceptable to the director.
AK Stat § 21.27.810 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 7. Surplus Lines Brokers.|Sec. 21.27.810. Surplus lines broker records.

In addition to any other records requirements under this chapter, a surplus lines broker shall maintain in organized form a complete record including (1) the amount of insurance and perils insured; (2) a complete description of property insured and the location of the property; (3) gross premium charged; (4) a return premium paid; (5) the rate of premium charged upon the several items of property; (6) the effective date of the contract and the terms of the contract; (7) the name and address of the insured; (8) the name and address of the insurer; (9) the amount of tax and other sums to be collected from the insured; (10) the allocation of taxes by state under AS 21.34.180; (11) evidence of insurance issued in compliance with AS 21.34.100; (12) the identity and license number of the producing broker; (13) any confirming correspondence from the insurer or the representative of the insurer; and (14) the application.
AK Stat § 21.27.820 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 7. Surplus Lines Brokers.|Sec. 21.27.820. Denial, nonrenewal, suspension, or revocation of surplus lines broker license.

In addition to other action available under this title, the director may deny issuance of or not renew a license, or may suspend or revoke a license of a surplus lines broker issued under this chapter for any of the following causes: (1) removal of the resident surplus lines broker's office from this state; (2) removal of the resident surplus lines broker's accounts and records from this state during the period within which the accounts and records are required to be maintained under this chapter; (3) removal of the nonresident surplus lines broker's accounts and records required to be maintained under this chapter from the location described in the license without prior approval of the director; (4) closing of the surplus lines broker's office for a period of more than 45 calendar days, unless permission is granted by the director; (5) failure to make a required report; (6) failure to transmit a required tax or fee on a surplus line premium to this state or a reciprocal state to which a tax is owing; (7) failure to maintain a required bond.
AK Stat § 21.27.830 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 8. Independent Adjusters.|Sec. 21.27.830. Independent adjuster qualifications.

In addition to the general qualifications under AS 21.27.020, to qualify for issuance or renewal of an independent adjuster license, an applicant or licensee shall (1) have at least six months active working experience within the previous two calendar years as either an independent adjuster trainee, an insurance producer, a managing general agent, a reinsurance intermediary broker, a reinsurance intermediary manager, a surplus lines broker, an independent adjuster, or an underwriter or claims adjuster employee of an insurer, and, in the director's opinion, exhibit the ability to competently perform the responsibilities of an independent adjuster; or (2) have been previously licensed in good standing in this state as an independent adjuster within the previous four calendar years and not have had a license suspended or revoked.
AK Stat § 21.27.850 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 8. Independent Adjusters.|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 as an independent adjuster (1) a licensed insurance producer and a licensed managing general agent, incidental to acting as an insurance producer, may act as an adjuster and investigate, adjust, and report upon claims on behalf of and as authorized by an admitted insurer that has appointed the insurance producer or the managing general agent as its agent under AS 21.27.100; (2) a surplus lines broker may act as an adjuster and investigate, adjust, and report upon claims on behalf of and as authorized by a nonadmitted insurer; and (3) a reinsurance intermediary broker or a reinsurance intermediary manager may act as an adjuster and investigate, adjust, and report upon claims on behalf of and as authorized by an insurer or reinsurer under the contract required by this chapter.
AK Stat § 21.27.860 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 8. Independent Adjusters.|Sec. 21.27.860. Unlicensed nonresident adjusters.

(a) A nonresident independent adjuster not licensed by this state who is licensed by and in good standing with its resident state may act as an adjuster and adjust a single loss in this state during a calendar year, or may act as an adjuster and adjust losses arising out of a catastrophe as declared by the director, if, within 10 days after the start of an investigation or adjustment under this section, the nonresident independent adjuster has advised the director in writing of the adjustment and provided the following information: (1) the individual and firm name; (2) the business mailing address; (3) the business physical address and phone number; (4) the licensing state of residence; (5) the resident license number; and (6) other facts that the director may require. (b) A nonresident independent adjuster may be sued upon a cause of action arising in this state arising from an adjustment under this section under the procedure provided in AS 21.33.
AK Stat § 21.27.870 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 8. Independent Adjusters.|Sec. 21.27.870. Independent adjuster records.

In addition to any other records requirements under this chapter, an independent adjuster shall maintain in organized form a complete record of each investigation or adjustment undertaken or consummated, and a statement of the fee, commission, or other compensation received or to be received by the adjuster on account of the investigation or adjustment.
AK Stat § 21.27.901 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|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 as a pharmacy benefits manager unless the person is registered with the director as a third-party administrator under AS 21.27.630.  (b) A pharmacy benefits manager registered under AS 21.27.630 may  (1) contract with an insurer to administer or manage pharmacy benefits provided by an insurer for a covered person, including claims processing services for and audits of payments for prescription drugs and medical devices and supplies; (2) contract with network pharmacies; (3) set the cost of multi-source generic drugs under AS 21.27.945; and  (4) adjudicate appeals related to multi-source generic drug reimbursement.
AK Stat § 21.27.905 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 9. Pharmacy Benefits Managers.|Sec. 21.27.905. Renewal of registration.

(a) A pharmacy benefits manager shall biennially renew a registration with the director. (b) To renew a registration under this section, a pharmacy benefits manager shall pay a renewal fee established by the director. The director shall set the amount of the renewal fee to allow the renewal and oversight activities of the division to be self- supporting.