reglab/housing_qa huggingface dataset:
AK Stat § 21.27.115 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.115. Lines of authority.

If a person has met the applicable requirements of AS 21.27.020 and 21.27.270, the director shall issue a license for one or more of the following lines of authority: (1) life insurance coverage on natural persons; in this paragraph, “life insurance coverage” (A) includes benefits of endowment and annuities; and (B) may include benefits in the event of death or dismemberment by accident and benefits for disability income; (2) health insurance coverage for sickness, bodily injury, or accidental death; in this paragraph, “health insurance coverage” may include benefits for disability income; (3) property insurance coverage for the direct or consequential loss for damage to property of every kind; (4) casualty insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property; in this paragraph, “casualty insurance” includes surety insurance as defined in AS 21.12.080; (5) variable life and variable annuity products insurance coverage; (6) personal lines property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes; (7) limited lines credit insurance; (8) [Repealed, § 66 ch 41 SLA 2016.] (9) [Repealed, § 66 ch 41 SLA 2016.] (10) any insurance for which a limited lines license may be issued under AS 21.27.150.
AK Stat § 21.27.130 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.130. Form and content of licenses.

(a) A license must be in the form the director prescribes and must set out (1) the name and address of the licensee and, if the licensee is required to have a place of business, the physical address of the place of business; (2) the type, class, and lines of authority the licensee is licensed to handle; (3) the effective date and expiration date of the license; (4) each condition, if any, under which the license is granted; (5) the date of issuance of the license; (6) each fictitious name and alias under which the licensee may do business; and (7) other information required by the director. (b) A license issued by the director does not in itself create any authority, actual, apparent, or inherent, in the holder of the license to represent or commit an insurer.
AK Stat § 21.27.140 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.140. Firm licenses.

(a) A firm shall have a firm license, the scope of which includes all lines and classes of authority of each individual employee of the firm. (b) A firm may not be licensed as an insurance producer, managing general agent, reinsurance intermediary broker, reinsurance intermediary manager, surplus lines broker, or independent adjuster, or transact insurance unless each individual employed by the firm as an insurance producer, managing general agent, surplus lines broker, trainee independent adjuster, or independent adjuster is licensed and has entered into an employment contract with the firm. (c) If the director determines under AS 21.06.170 - 21.06.240 that a firm knew or should have known of an act or representation made on the firm's behalf by a person not licensed as required by this chapter, the firm and the firm's compliance officer are subject to the penalties provided under AS 21.27.440.
AK Stat § 21.27.160 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.160. Scope of licenses.

An insurance producer, managing general agent, reinsurance intermediary broker, reinsurance intermediary manager, surplus lines broker, or independent adjuster is only required to have one license inclusive of all kinds or combination of kinds or all classes or combination of classes of insurance the insurance producer, managing general agent, reinsurance intermediary broker, reinsurance intermediary manager, surplus lines broker, or independent adjuster is licensed to handle.
AK Stat § 21.27.190 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.190. Bond.

(a) In addition to any other requirements in this title, a bond required under this title or an alternative indemnity permitted under this section shall meet the following requirements: (1) it shall be continuous in form; (2) it shall remain in force until the licensee is released from liability by the director or until cancelled by the issuer; (3) without prejudice to any liability accrued before the effective cancellation, it may be cancelled if the director receives 60 days advance written notice; (4) the amount required to be maintained must be maintained unimpaired; and (5) it shall be in favor of insurers, insureds, and this state. (b) A bond may only be issued by an admitted insurer authorized to transact surety insurance in this state, or by a surplus lines insurer on the most recent list of eligible surplus lines insurers published by the director, that is acceptable to the director. (c) For a firm licensee, a single bond or an alternative indemnity permitted under this section may combine the sureties required (1) by separate sections of this title; and (2) for separate places of business. (d) [Repealed, § 83 ch 81 SLA 2001.]  (e) Except as provided in this title, the director may adopt, by regulation, a deposit of cash, a certificate of deposit, or letter of credit as an alternative to a bond if the deposit of cash, certificate of deposit, or letter of credit meets the requirements of this section, other provisions of this title, and other requirements established by the director.
AK Stat § 21.27.215 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.215. Employment contracts.

(a) A firm may enter into an employment contract with a licensed individual to conduct business under the supervision of and in the name of the firm. The employment contract must be in writing and must specify the lines and classes of authorities of the individual and the firm. The individual and the firm shall retain a copy of the contract and shall reply in writing within three working days to an inquiry of the director regarding any business transacted by the individual and the firm. (b) The firm shall examine the credentials of the individual to determine that the individual is licensed to conduct the kinds of business described in the contract. (c) A licensed individual may, if authorized by the firm and an insurer for which the firm is an agent, issue on the firm's behalf contracts of insurance in accordance with a written agency employment contract. (d) A firm shall be responsible for the actions of an individual transacting insurance under the firm's employment contracts. In any disciplinary proceeding under this title, the existence of the employment contract shall be prima facie evidence that the firm knew of the activities of the individual. (e) The individual and the firm shall maintain a current list of all of their respective contracts that identifies, for each contract, the parties to the contract, the parties' mailing addresses, electronic mailing addresses, and telephone numbers, and the parties' license numbers, and the effective and termination dates of employment. (f) A licensee shall retain the records of an employment contract and make the records available for examination and inspection by the director, at any business time during the five years immediately following the date of the termination of the employment contract unless the director orders a longer period of retention. If the licensee assumes the business of another licensee or former licensee by merger, purchase, or otherwise, the requirements of AS 21.27.350(c) apply.
AK Stat § 21.27.275 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.275. Alien licensees.

The director may issue a license authorized by this chapter to a nonresident of this state who does not have a home state if that person meets all the requirements of this chapter for that license applicable to a resident of this state applying for the same license.
AK Stat § 21.27.330 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.330. Place of business.

(a) A person licensed under this chapter shall have and maintain at least one place of business that is physically accessible to the public in this state unless the person holds a nonresident license and principally conducts transactions in another state. However, the nonresident licensee must have at least one physically accessible place in the nonresident licensee's home state. The requirements of this subsection do not apply to a nonresident independent portable electronics adjuster that has designated a state or territory other than the nonresident adjuster's resident state as the nonresident adjuster's home state or to a licensee who only conducts business in life or health insurance or annuities. (b) [Repealed, § 34 ch 1 FSSLA 2005.]
AK Stat § 21.27.360 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.360. Reporting and accounting for premiums and premium taxes and fees.

(a) A licensee involved in the procuring or issuance of an insurance contract shall report to the insurer the exact amount of consideration charged as a premium for the contract. The amount charged shall be shown in the contract and in the records of the licensee. (b) Except as provided under (h) of this section, all money, except that made payable to the insurer, representing premium taxes and fees, premiums, or return premiums received by the licensee shall be received by the licensee as a fiduciary and shall be promptly accounted for and paid to the person entitled to the money. Money held by the licensee as a fiduciary may not be commingled or otherwise combined with other money not held by the licensee as a fiduciary. (c) In addition to any other penalty provided by law, a person who the director has determined has acted to divert or appropriate money held as a fiduciary for personal use shall be ordered to make restitution and shall be subject to suspension or revocation under AS 21.27.420 - 21.27.430 of all licenses and a civil penalty not to exceed $50,000 for each violation. (d) A licensee may only commingle premium taxes and fees, premiums, and return premiums with additional money for the purpose of advancing premiums, establishing reserves for the payment of return premiums, or reserves for receiving and transmitting premium or return premium money. (e) Money held by a licensee as a fiduciary may not be treated as a personal asset, as collateral for a personal or business loan, or as a personal asset or income on a financial statement, except that money held by the licensee as a fiduciary may be included in a financial statement of the licensee if clearly identified as assets held by the licensee as a fiduciary. (f) This section does not apply to an individual licensee who has entered into an employment contract with a firm and who acts solely on behalf of a firm that maintains compliance with this section. (g) [Repealed, § 223 ch 67 SLA 1992.]  (h) A licensee who transacts the business of insurance under a motor vehicle rental agency limited producer license under AS 21.27.150(a)(4) is not required to hold money collected from a person for the purchase of rental motor vehicle insurance coverage in a separate fiduciary account if (1) the fees for the rental insurance coverage are itemized and are a part of a rental motor vehicle transaction; and (2) the insurer has given written consent that the money need not be segregated from other money received by the licensee and the consent is signed by an officer of the insurer. (i) The director of insurance may adopt regulations to implement, define, and enforce this section.
AK Stat § 21.27.370 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.370. Sharing compensation.

(a) Except as provided in (c) and (d) of this section, a licensee may not compensate a person, other than a licensee who is acting within the scope of the person's license, for transacting insurance in this state or relative to a risk resident, located, or to be performed in this state. (b) Except as provided in (c) and (d) of this section, a person may not be promised or paid, directly or indirectly, compensation for transacting a kind or class of insurance for which the person is not then licensed to transact or for insurance that the person is prohibited by this title from transacting. (c) An unlicensed person who refers a customer or potential customer to a licensee and who does not discuss specific terms and conditions of a policy or give opinions or advice regarding insurance may be compensated for the referral, if the compensation (1) for each referral is (A) nominal; (B) on a one-time basis; and (C) fixed in amount by referral; (2) does not depend on whether the customer or potential customer purchases the insurance; and (3) is not contingent on the volume of insurance transacted. (d) An insurer or insurance producer may compensate an insurance agency or another person if that person does not transact the business of insurance in this state and the payment does not violate AS 21.36.100 or 21.36.120. (e) A person who is no longer licensed in this state may be paid renewal or other deferred compensation for selling, soliciting, or negotiating insurance in this state if the person (1) was required to be licensed under this chapter at the time of the sale, solicitation, or negotiation; and (2) held that required license. (f) In addition to any other penalty provided by law, the director may suspend or revoke the license of a licensee participating in a violation of this section. The director may order a licensee who violates this section to pay a penalty of not more than three times the compensation promised or paid.
AK Stat § 21.27.380 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.380. License renewal, expiration, and reinstatement.

(a) Except as provided in this title, the director may renew a license biennially on a date set by the director if the licensee continues to be qualified under this chapter and, on or before the license expiration date, meets all renewal requirements established by regulation, submits a renewal application, and pays the renewal license fees set under AS 21.06.250 for each license authority to the director. A licensee is responsible for knowing the date that a license expires and for renewing a license before expiration. The director shall notify the licensee of the license renewal 30 days before the renewal date. (b) If a license is not renewed on or before the renewal date set by the director, the license expires. A licensee may not act as or represent to be an insurance producer, managing general agent, reinsurance intermediary broker, reinsurance intermediary manager, surplus lines broker, or independent adjuster during the time a license has expired. The director may reinstate an expired license if the person continues to qualify for the license and pays renewal license fees and a delayed renewal penalty. Reinstatement does not exempt a person from a penalty provided by law for transacting business while unlicensed. A license may not be renewed if it has expired for two years or longer. (c) If a licensee does not wish to renew a license issued under this chapter, the licensee shall surrender the license to the director on or before the close of business of the renewal date in the manner prescribed in AS 21.27.460. (d) The director shall mail a notice of expiration stating the reason for the expiration to a licensee at the licensee's last address on record with the director. The director shall obtain a certificate of mailing from the United States Postal Service. (e) A trainee license issued to an independent adjuster shall be for a term not to exceed 12 months and may not be renewed. (f) [Repealed, § 14 ch 6 SLA 2012.]
AK Stat § 21.27.390 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.390. Temporary license.

(a) The director may issue a temporary license only to a person who, except for experience, training, or the taking of an examination, meets all qualifications for a permanent license and if the person is (1) the surviving spouse, next of kin, or the administrator or executor of a deceased licensed insurance producer or managing general agent; (2) the spouse, next of kin, employee, or legal guardian of a licensed insurance producer or managing general agent who is disabled from transacting insurance because of sickness, mental illness, or injury; (3) a surviving member, officer, or employee of a firm licensed as insurance producer or managing general agent upon the death of the compliance officer of the firm holding the same licenses as the firm; or (4) the designee of a licensed insurance producer who enters active service in the armed forces of the United States, but only for insurance relating to insurers for whom the licensee was acting as an agent. (b) Except as otherwise provided by law, a temporary license may not be in effect for more than 90 consecutive days and may not be renewed or reissued for more than one additional 90-day period. (c) A temporary licensee may not be appointed by an insurer for which a licensed insurance producer or managing general agent was not appointed at the time of death or commencement of disability. (d) [Repealed, § 34 ch 23 SLA 2018.]
AK Stat § 21.27.405 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.405. Hearing and order on violation.

(a) On the complaint of a person or on the motion of the director, the director may conduct an investigation to determine whether a person has violated this chapter. (b) If the director determines that a person has violated this chapter, the director shall serve an order upon the person charged requiring that person to cease and desist from engaging in the act or practice. A person aggrieved by the cease and desist order may demand a hearing under AS 21.06.170 - 21.06.240. (c) If the director believes that a person has violated a cease and desist order issued under (b) of this section, the director may certify the relevant facts to the superior court for proceedings under AS 44.62.590. In addition to the penalties and remedies provided for in AS 44.62.590, the superior court, upon finding that the cease and desist order has been violated, may order the violator to comply with the order, pay a penalty of not more than $100,000 for each violation, revoke or suspend the violator's license, and bar the violator from transacting the business of insurance in the future.
AK Stat § 21.27.410 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|Sec. 21.27.410. Denial, nonrenewal, suspension, or revocation of licenses.

(a) The director may deny issuance of or not renew a license or may suspend or revoke a license issued under this chapter for any of the following: (1) a cause for which issuance of the license or its renewal could have been denied had it then existed and been known to the director; (2) a violation or participation in a violation of a provision of this title; (3) wilful misrepresentation or fraud by the licensee or applicant to obtain or attempt to obtain a license; (4) misappropriation, conversion to personal use, or illegally withholding money required to be held in a fiduciary capacity by a licensee or applicant; (5) with intent to deceive, material misrepresentation of the terms or effect of an insurance contract by a licensee or applicant; (6) twisting in violation of AS 21.36.050 or rebating in violation of AS 21.36.100 by a licensee or applicant; (7) conviction of a felony; (8) the conduct of affairs under a license if the licensee exhibits conduct considered by the director to reflect incompetence or untrustworthiness, or to be a source of potential injury and loss to the public; (9) the licensee or applicant dealing with, or attempting to deal with, or to exercise a power relative to, insurance outside the scope of the license of the licensee or applicant; (10) a licensee or applicant engaging in or about to engage in an unfair or fraudulent insurance transaction; (11) suspension or revocation of a license in another jurisdiction; (12) forgery of another's name to an application for insurance by a licensee or applicant; (13) accepting insurance business from a person not licensed as required by this title if the applicant or licensee knew or should have known that the person was unlicensed. (b) The license of a firm and its compliance officer may be denied, nonrenewed, suspended, or revoked for a violation or cause that relates to a person representing or acting on behalf of the firm.
AK Stat § 21.27.420 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers|Article 1. Licensing.|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 the director determines that a person has violated a provision of this title and that the person's license should be suspended or revoked, the director shall issue an order effective 10 days after the date of issuing that the license is suspended or revoked. (b) After a hearing under AS 21.06.170 - 21.06.240, if the director determines the person has violated a provision of this title, the director may place conditions on a person's license if the director finds that the conditions will protect the public from injury or potential injury. (c) With the consent of an applicant or licensee, the director may issue or renew a license with restrictions upon the scope of the person's license or may otherwise restrict or condition the activities of the licensee if the director determines that the person has violated the provisions of this title or to protect the public from injury or potential injury. (d) Without prior hearing, the director may order summary suspension of a license if the director finds that protection of the public requires emergency action and incorporates that finding in an order. The suspension is effective on the date specified in the order or on the date of mailing by first class mail to the licensee's business address on record with the division, whichever is later. If the licensee requests a hearing, the director shall conduct a hearing on the suspension within a reasonable time but not later than 20 days after the effective date of the summary suspension unless the person whose license is suspended requests a later date. At the hearing, the director shall determine if the suspension should be continued or withdrawn and, if proper notice is given, may determine if the license should be revoked. The director shall issue a decision within 30 days after the conclusion of the hearing. If the director decides to continue the suspension or revoke the license, the suspension or revocation must be based on one or more grounds in AS 21.27.410. The summary suspension continues until the decision is issued. AS 21.06.190 and AS 44.64.030 are not applicable to a hearing under this subsection.