3 Alaska Admin. Code § 31.020

Current through December 21, 2024

Section 3 AAC 31.020 - Insurance producer, managing general agent, reinsurance intermediary manager, reinsurance intermediary broker, controlling insurance producer, third-party administrator, and independent adjuster fees

(a) The following fees are established for resident and nonresident licenses, for insurance producers, managing general agents, reinsurance intermediary managers, reinsurance intermediary brokers, controlling insurance producers, third-party administrators, and independent adjusters:

(1) initial application or biennial renewal for an insurance producer, managing general agent license, reinsurance intermediary manager, reinsurance intermediary broker, controlling insurance producer, independent adjuster, or independent adjuster trainee license, including issuance of the license, if issued, for

(A) all lines:

(i) for a resident or nonresident individual, $75;

(ii) for a resident or nonresident firm, $75;

(B) any or all lines within property and casualty lines only:

(i) for a resident or nonresident individual, $75;

(ii) for a resident or nonresident firm, $75; or

(C) any or all lines within life lines only:

(i) for a resident or nonresident individual, $75;

(ii) for a resident or nonresident firm, $75;

(2) initial application or biennial renewal for each of the following limited producer resident or nonresident licenses for an individual or firm, including issuance of the license, if issued, $75:

(A) bail bond;

(B) motor vehicle rental agency;

(C) travel;

(D) crop;

(E) credit;

(F) miscellaneous, as described in AS 21.27.150; or

(G) portable electronics:

(3) initial application or biennial renewal for a resident limited title producer individual or firm license, including issuance of the license, if issued, $75;

(4) initial application for a temporary license, as described in AS 21.27.390, including issuance of the license, if issued, $75;

(5) initial application or biennial renewal for the registration of a resident or nonresident third-party administrator for an individual or firm, including issuance of the registration, if issued, $300.

(b) If the division issues an initial biennial license within 90 days before the date by which it must be renewed, the applicant shall pay the entire license fee and the license will be issued to cover up to a 27-month period.

3 AAC 31.020

Eff. 8/30/86, Register 99; am 6/2/88, Register 106; am 7/1/92, Register 123; am 4/20/97, Register 142; am 9/24/99, Register 151; am 10/13/2011, Register 200; am 9/4/2014, Register 211, October 2014

Authority:AS 21.06.090

AS 21.06.250

AS 21.27.150

AS 21.27.380

AS 21.27.390