Alaska Insurance License

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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.

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Company Licenses

Alaska Financial Services and Insurance Company Licenses

Alaska Collection Agency Branch License

Agency:Alaska Division of Corporations, Business and Professional Licensing - Collection Agency/Operator Section

Initial Registration

Form:

Collection Agency Branch License Application

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:

Collection Agency/Branch Notice of Employment

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:

Collection Agency/Branch Notice of Withdrawal of Employee

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

Agency:Alaska Division of Corporations, Business and Professional Licensing - Collection Agency/Operator Section
Bond Requirements:

$5,000

Initial Registration

Form:

Collection Agency License Application

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:

Biennial Collection Agency License Renewal Application

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.

Supplemental Reporting
Collection Agency Annual Statement

Form:

Annual Statement of Collections

Agency fee:

$0

Due:

Annually by January 31st.

Notarize:Required
Notes:

Annual statements are only required of main offices, not branches.

Amendment

Form:

Collection Agency/Branch Notice of Employment

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:

Collection Agency/Branch Notice of Withdrawal of Employee

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 Insurance Agency License

Agency:Alaska Department of Commerce, Community, and Economic Development - Division of Insurance

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:

https://www.commerce.alaska.gov/web/ins/

Agency fee:

Varies by insurance type. Baseline of $75

Registration Renewal

This section applies to insurance firms that are already licensed in Alaska and need to renew their license.

Agency:Alaska Department of Commerce, Community, and Economic Development - Division of Insurance
Form:

https://www.commerce.alaska.gov/web/ins/

Agency fee:

Varies by insurance type. Baseline of $75

Due:

Biennially

Alaska Utilization Review License

Not required



Alaska does not license utilization review agents.

Initial Registration

Not required



Registration Renewal

Not required



Individual Licenses

Alaska Individual Financial Services and Insurance Licenses

Alaska Collection Agency Operator License

Agency:Alaska Division of Corporations, Business and Professional Licensing - Collection Agency/Operator Section

Initial Registration

Form:

Collection Agency Operator License Application

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 Insurance Agent License

Agency:Alaska Department of Commerce, Community, and Economic Development - Division of Insurance

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.

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.

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