Insurance Licensing Compliance Guide
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 Collection Agency Branch License
| Agency: | Alaska Division of Corporations, Business and Professional Licensing - Collection Agency/Operator Section |
| Fact Checked: | 1/8/19 |
Initial Registration
| Form: | |
| Agency Fee: | $125 |
| Notarize: | Required |
| Notes: | Branches must also submit an initial statement of employees within 15 days after becoming licensed. |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
Alaska Collection Agency License
| Agency: | Alaska Division of Corporations, Business and Professional Licensing - Collection Agency/Operator Section |
| Foreign Qualification is Prerequisite: | Yes |
| Bond Requirements: | $5,000 |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
Alaska Insurance Agency License
| Agency: | Alaska Department of Commerce, Community, and Economic Development - Division of Insurance |
| Fact Checked: | 1/8/16 |
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 |
| Fact Checked: | 1/8/16 |
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: | |
| Agency Fee: | Varies by insurance type. Baseline of $75 |
| Due: | Biennially |
| Fact Checked: | 1/8/16 |
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.
Initial Registration
Not required
Registration Renewal
Not required
Individual Licenses
Alaska Individual Financial Services Licenses
Alaska Collection Agency Operator License
| Agency: | Alaska Division of Corporations, Business and Professional Licensing - Collection Agency/Operator Section |
| Fact Checked: | 1/8/19 |
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 |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 1/8/19 |
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. |
| Fact Checked: | 6/1/17 |
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.
