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 23.100 - Continuing education as a qualification for license renewal

Current through May 31, 2024
(a) In
				  order to renew a license under
				  AS
				  21.27.380, a licensee must satisfy the
				  continuing education requirements under
				  3 AAC 23.100 -
				  3 AAC 23.208 unless the licensee is exempt under
				  AS
				  21.27.020(f) or seeks
(1) renewal of a temporary license
				  under AS
				  21.27.390;
(2) renewal of a limited lines license under
				  AS
				  21.27.150; or
(3) a temporary license under
				  AS
				  14.43.148 or
				  AS
				  25.27.244.
(b) In order to qualify for license renewal,
				  a licensee who has held a license for a full two-year period must have 24
				  continuing education credit hours, of which at least three credit hours must
				  include the topic of insurance ethics. A person holding a license issued by the
				  director under AS 21.27 for more than one class of authority is not required to
				  complete a greater number of credit hours than is required of a person holding
				  a license for one class of authority. For purposes of this subsection, an
				  expiration or a lapse in licensure or cancellation or suspension of a license
				  will be considered part of a full two-year license period. Credit hours
				  acquired by a licensee that conform with
				  3 AAC 23.100-
				  3 AAC 23.208 may be applied to the continuing education
				  requirement for license renewal. Credit hours will be allowed only within the
				  renewal period in which the course is completed, unless the credit hours are
				  carry-over credit hours permitted under
				  AS
				  21.27.020(f).
(c) A licensee may earn credit hours only if
				  a licensee completes continuing education courses that meet the criteria under
				  3 AAC 23.105 -
				  3 AAC 23.208.
(d) If a licensee fails to meet the
				  continuing education requirements in (b) of this section because of reasonable
				  cause or excusable neglect, the licensee may submit a written request for an
				  extension of time to the director before the licensee's renewal date. The
				  director may request the continuing education advisory committee appointed
				  under AS
				  21.27.020(g) to review the
				  request and recommend to the director whether an extension of time should be
				  granted for the licensee to comply with (b) of this section. The director will
				  notify the licensee by certified mail of the director's decision to grant or
				  deny an extension of time.
(e) If a
				  licensee fails to comply with the credit hour requirements in (b) of this
				  section, the director will consider the licensee no longer qualified under
				  AS
				  21.27.020 and the license expires or lapses,
				  unless the licensee is granted an extension of time to comply with the
				  continuing education requirements under (d) of this section. An expired or
				  lapsed license may be reinstated and renewed under
				  AS
				  21.27.380. In addition to any other
				  requirements to reinstate an expired or lapsed license, a licensee must
				  complete the continuing education credit hour
				  requirements.
Authority:
AS
						21.06.090
AS 21.27.020
AS 21.27.150
AS 21.27.380
AS
						21.27.390