Alaska Insurance License
Licensing requirements for Alaska insurance professionals and companies.
This page provides an overview of insurance licensing in Alaska for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in Alaska must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.
Company Licenses
Alaska Financial Services Company Licenses
Alaska Bail Bond Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Bail Bond Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Collection Agency Branch License
Initial Registration
| Form: | |
| Agency Fee: | $125 |
| Notarize: | Required |
| Notes: | Branches must also submit an initial statement of employees within 15 days after becoming licensed. |
Registration Renewal
| Form: | Biennial Collection Agency Branch License Renewal Application |
| Agency Fee: | $125. If the branch was initially registered during the second half of the biennial license period, the fees are half of the full amount ($62.50) for the first renewal. |
| Due: | By June 30 of even-numbered years. Licenses issued within 90 days of the expiration date are exempt from the first renewal period. |
Amendment
| Form: | |
| Agency Fee: | $0 |
| Due: | Within 15 days of hiring a new employee in any position. |
| Notarize: | Required |
| Notes: | Only required for employees working on accounts of Alaska-based clients. |
Amendment
| Form: | |
| Agency Fee: | $0 |
| Due: | Within 15 days of an employee withdrawing from employment or termination of an employee. |
| Notes: | Only required for employees who worked on accounts of Alaska-based clients. |
Alaska Collection Agency License
Initial Registration
| Form: | |
| Agency Fee: | $50 application fee + $125 license fee for domestic entities and $100 application fee + $250 license fee for foreign entities. |
| Notarize: | Required |
| Notes: | Agencies must also submit an initial statement of employees within 15 days after becoming licensed. |
Registration Renewal
| Form: | |
| Agency Fee: | $125 for domestic entities and $250 for foreign entities. If the agency initially registered during the second half of the biennial license period, the fees are half of the full amount ($62.50 for domestic entities and $125 for foreign entities) for the first renewal. |
| Due: | By June 30 of even-numbered years. Licenses issued within 90 days of the expiration date are exempt from the first renewal period. |
Amendment
| Form: | |
| Agency Fee: | $0 |
| Due: | Within 15 days of hiring a new employee in any position. |
| Notarize: | Required |
| Notes: | Only required for employees working on accounts of Alaska-based clients. |
Amendment
| Form: | |
| Agency Fee: | $0 |
| Due: | Within 15 days of an employee withdrawing from employment or termination of an employee. |
| Notes: | Only required for employees who worked on accounts of Alaska-based clients. |
Supplemental Reporting
Collection Agency Annual Statement
| Form: | |
| Agency Fee: | $0 |
| Due: | Annually by January 31st. |
| Notarize: | Required |
| Notes: | Annual statements are only required of main offices, not branches. |
Alaska Credit Insurance Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Credit Insurance Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Crop Insurance Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Crop Insurance Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Independent Adjuster License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Independent Adjuster License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Insurance Agency License
Initial Registration
This section applies to insurance firms that are applying for a license in Alaska for the first time.
| Agency: | Alaska Department of Commerce, Community, and Economic Development - Division of Insurance |
| Form: | |
| Agency Fee: | Varies by insurance type. Baseline of $75 |
Alaska Insurance Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Insurance Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Managing General Agent License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Managing General Agent License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Motor Vehicle Rental Agency Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Portable Electronics Adjuster License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $100 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Biennially by the date of issuance. |
Alaska Portable Electronics Adjuster License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $100 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Biennially by the date of issuance. |
Alaska Portable Electronics Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Portable Electronics Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Reinsurance Intermediary Broker License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Reinsurance Intermediary Broker License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Reinsurance Intermediary Manager License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Reinsurance Intermediary Manager License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Surplus Lines Broker License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the date of issuance. |
Alaska Surplus Lines Broker License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the date of issuance. |
Alaska Third Party Administrator License - Non-Resident
One-Time Exemption Registration
| Exemption Eligible Organizations: |
|
| Form: | |
| Agency Fee: | $100 |
Registration to Obtain Exemption
| Exemption Eligible Organizations: |
|
| Form: |
Renewal to Maintain Exemption
| Exemption Eligible Organizations: |
|
| Form: | |
| Due: | Annually by February 1. |
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
| Notes: | Applications not completed within four months from the dated filed will be considered withdrawn and a new application and application fees will be required pursuant to AS 21.27.040(f). IF YOU WISH TO WITHDRAW YOUR APPLICATION AT ANYTIME DURING THE APPLICATION PROCESS, PLEASE CONTACT THIS DIVISION. ALL FEES REMITTED ARE NONREFUNDABLE PURSUANT TO 3 AAC 31.010 |
| Before you Apply: | COMPLIANCE OFFICER INFORMATION Required Documents:
|
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the date of issuance. |
Alaska Third Party Administrator License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the date of issuance. |
Alaska Title Insurance Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Travel Insurance Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Travel Insurance Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the date of issuance. |
Alaska Utilization Review License
Not required
Utilization Review licensure is not required on the State level in Alaska.
Alaska does not license utilization review agents.
Alaska Viatical Settlement Broker License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Biennially by the date of issuance. |
Alaska Viatical Settlement Broker License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Biennially by the date of issuance. |
Alaska Viatical Settlement Provider License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the date of issuance. |
Alaska Viatical Settlement Provider License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the date of issuance. |
Alaska Viatical Settlement Representative License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Biennially by the date of issuance. |
Alaska Viatical Settlement Representative License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Biennially by the date of issuance. |
Individual Licenses
Alaska Individual Financial Services Licenses
Alaska Bail Bond Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Bail Bond Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Collection Agency Operator License
Initial Registration
| Form: | |
| Agency Fee: | $50 application fee + $125 license fee for Alaska residents and $100 application fee + $250 license fee for non-residents. |
| Notarize: | Required |
Registration Renewal
| Form: | Biennial Collection Agency Operator License Renewal Application |
| Agency Fee: | $125 for Alaska residents and $250 for non-residents. If the operator initially registered during the second half of the biennial license period, the fees are half of the full amount ($62.50 for residents and $125 for non-residents) for the first renewal. |
| Due: | By June 30 of even-numbered years. Licenses issued within 90 days of the expiration date are exempt from the first renewal period. |
Alaska Credit Insurance Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Credit Insurance Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Crop Insurance Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Crop Insurance Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Exempt Motor Vehicle Employee License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $0 |
Alaska Exempt Motor Vehicle Employee License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $0 |
Alaska Independent Adjuster License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Independent Adjuster License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Insurance Agent License
Initial Registration
This section applies to insurance agents that are applying for a license in Alaska for the first time.
| Agency Fee: | From $0 to $300 depending on license type. |
Registration Renewal
| Form: | |
| Filing Method: | Online |
| Agency Fee: | Varies based on residency and license type |
| Due: | Annually by last day of initial registration month |
Alaska Insurance Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Insurance Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Managing General Agent License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Managing General Agent License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Motor Vehicle Rental Agency Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Portable Electronics Adjuster License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $100 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Portable Electronics Adjuster License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $100 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Portable Electronics Adjuster License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $100 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Portable Electronics Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Portable Electronics Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Reinsurance Intermediary Broker License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Reinsurance Intermediary Broker License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Reinsurance Intermediary Manager License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Reinsurance Intermediary Manager License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Surplus Lines Broker License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Surplus Lines Broker License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Third Party Administrator License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Third Party Administrator License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Title Insurance Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Trainee Independent Adjuster License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Renewal Not Required
Not required
Trainee licenses are valid for a period of 12 months and cannot be renewed.
Alaska Travel Insurance Limited Producer License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $175 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Travel Insurance Limited Producer License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $75 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $75 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Viatical Settlement Broker License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Viatical Settlement Broker License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Viatical Settlement Provider License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Viatical Settlement Provider License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Viatical Settlement Representative License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Biennially by the end of the licensee's birth month. |
Alaska Viatical Settlement Representative License - Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Biennially by the end of the licensee's birth month. |
Learn about insurance licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
