Alaska has recently made some changes that impacts their licensees. This is a brief summary of the changes. The new laws can be found at http://www.legis.state.ak.us/pdf/29/Bills/HB0372Z.pdf
Individual Licensee Expiration Dates:
Effective 8/20/2016, Alaska will be changing the biennial expiration/renewal dates for all individual license types. All individual licenses will now expire on the last day of the licensee’s birth month. Please note that the new expiration date will not apply until the next renewal cycle following 8/20/16. All new applications submitted after 8/20/16 will reflect the new expiration date.
Lines of Authority:
Effective 10/16/2016, as the division continues its efforts to update requirements that will bring
Alaska into greater conformity with national licensing standards and to streamline processes to
be more efficient, we will be repealing the surety line of authority (LOA). Licensees wishing to
sell, solicit, or negotiate surety products can continue to do so with property and casualty
authority.
Limited Lines License:
Effective 3/1/2017, Alaska will begin offering a Crop Insurance Limited Producer license to a
person who sells or offers crop insurance coverage for damage to crops from unfavorable
weather conditions, fire or lightning, flood, hail, insect infestation, disease, or other yield-
reducing conditions or perils provided by the private insurance market or that is subsidized by
the Federal Crop Insurance Corporation, including multi-peril crop insurance. The crop major
line of authority has been repealed.
For questions regarding this information contact the department at insurance@alaska.gov