Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 23 - Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters › Article 1 - Licensing Requirements › 3 AAC 23.155 - Audit of continuing education compliance

Current through May 31, 2024
(a) The director
				  will audit a sample of the affidavits submitted by licensees under
				  3 AAC 23.150 to verify compliance with
				  3 AAC 23.100 -
				  3 AAC 23.208. The director may request the assistance of
				  the continuing education advisory committee to audit the sample and provide
				  recommendations to the director. If the director requests the assistance of the
				  committee, the director will solicit suggestions from the committee as to a
				  plan of audit procedures, including a method for selecting affidavits to be
				  audited and for verifying information on the affidavits. The director will
				  establish the plan of audit and notify the committee, if utilized, of the
				  appropriate procedures. Upon the request of the director, the committee will
				  meet to conduct its activities under this section. The committee meetings are
				  subject to the open meeting requirements of
				  AS
				  44.62.310-44.62.312.
(b) The director will notify a licensee of an
				  audit by mail at the mailing address on file with the division no later than
				  six months after the license renewal date. If a committee member is selected
				  for audit and the director requests the assistance of the committee on the
				  audit, that committee member may not participate in providing recommendations
				  on the audit.
(c) If audited, a
				  licensee who refuses to cooperate with the director may be considered
				  untrustworthy under
				  AS
				  21.27.020 and subject to administrative
				  action.
(d) If the director or the
				  committee, at the request of the director, cannot verify information listed in
				  an affidavit of compliance, the director will notify the licensee by certified
				  mail that additional information is needed to verify compliance with the
				  continuing education requirements. The licensee shall have 30 days from the
				  date of receipt of the notification to provide verification. The director will,
				  in the director's discretion, deny continuing education credit for the failure
				  to provide sufficient verification requested under this section.
(e) If the committee is requested to assist
				  in the audit, the committee shall submit findings and recommendations to the
				  director regarding the licensee's compliance or noncompliance with the
				  continuing education requirements. The director will accept, reject, or modify
				  the committee's recommendations and will notify the licensee of the director's
				  decision by certified mail.
(f) The
				  director will, in the director's discretion, grant a licensee 60 days in which
				  to replace continuing education credits that are found to be unacceptable under
				  the audit. The replacement continuing education credits will be audited under
				  AS
				  21.27.020 and this section.
(g) A licensee may submit a written request
				  for a hearing under
				  AS
				  21.06.180 regarding the director's decision
				  under (e) of this section.
Authority:
AS
						21.06.090
AS 21.06.180
AS
						21.27.020