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- Alaska Statutes.
- Title 21. Insurance
- Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers
- Section 25. Required Notice By Licensee.
previous: Section 20
. General Qualifications For License.
next: Section 30
. Controlled Business Disqualification.
AS 21.27.025. Required Notice By Licensee.
- (a) A licensee shall notify the director within 30 days in writing of a change in residence, employment that is licensed
under this chapter, place of business, legal name, fictitious name or alias, mailing address, or phone number. A
licensee shall report in writing to the director any administrative action taken against the licensee by a governmental
agency of another state or by a governmental agency of another jurisdiction within 30 days after the final disposition
of the action. A licensee shall submit to the director the final order and other relevant legal documents in the
action. A licensee shall report to the director any criminal prosecution of the licensee in this or another state or
jurisdiction within 30 days after the date of filing of the criminal complaint, indictment, information, or citation in
the prosecution. The licensee shall submit to the director a copy of the criminal complaint, calendaring order, and
other relevant legal documents in the prosecution.
- (b) A compliance officer shall notify the director in writing within 30 days of a termination of employment of a licensed
individual in the firm. Notice required under this subsection must include
- (1) the licensee's name;
- (2) the firm's name and address;
- (3) the date of hire, self-employment, or termination of the licensee; and
- (4) other information required by the director.
- (c) In addition to any other penalty provided by law, a failure to notify the director as required by this section is
cause for denial, nonrenewal, suspension, or revocation of a license.
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