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Title 3 . Commerce, Community, and Economic Development
Chapter 31 . Miscellaneous
Section 305. License exemptions

3 AAC 31.305. License exemptions

A person is not required to be licensed under 3 AAC 31.300 - 3 AAC 31.449 if the person is employed on salary or hourly wage

(1) and does not receive commission, directly or indirectly, on a viatical settlement contract entered into by a person licensed under 3 AAC 31.300 - 3 AAC 31.449, and the person's activities are solely for the performance of executive, administrative, managerial, clerical, or similar office duties that are only indirectly related to a viatical settlement transaction; or

(2) by a licensed viatical settlement provider, viatical settlement broker, or viatical settlement representative at its place of business and

(A) does not receive commission, directly or indirectly, on a viatical settlement contract entered into by a viatical settlement provider;

(B) is supervised by and reports directly to a licensed viatical settlement provider, viatical settlement broker, or viatical settlement representative in the firm;

(C) does not have direct contact with a viator or insured; and

(D) does not individually engage in the sale, solicitation, or negotiation of a viatical settlement contract with a viator or insured.

History: Eff. 8/25/2002, Register 163

Authority: AS 21.06.090

AS 21.89.110


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The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006