Insurance Occupations

Licensing Authority

Alaska Department of Commerce, Community & Economic Development
Division of Insurance
P.O. Box 110805
Juneau, AK, 99811 -0805
phone: 907.465.2515
fax: 907.465.2816
email: insurance@alaska.gov


Fees

Licenses are valid for two years with fees varying for each type of license, resident or nonresident status, type of application, and lines of insurance. A $51.50 fingerprint fee submitted with one fingerprint card is required of resident applicants.


Requirements

Contact the division for education and training requirements. Experience is required forindependent adjusters. All applicants must pass an exam from PearsonVue. In addition to the proper application forms and fees, nonresidents must be licensed and in good standing in their home state.

Applicants who lack the experience or special education requirements for an adjuster license may obtain an adjuster trainee license. Within four months of receiving the license, the applicant must pass the limited line adjuster exam with a passing score of 65%; and within eight months of when the license is issued, must have a passing score of 75% on the limited lines adjuster exam. Adjuster trainee licenses are valid for one year and are non-renewable.


Number of Licenses on December 31, 2013

42,236 insurance producers
1,483 surplus lines brokers
3,625 independent adjusters
5 reinsurance managers
24 reinsurance brokers
84 managing general agents
322 third party administrators
1,007 limited licenses: includes title, travel credit bail bond, motor vehicle rental

Last updated June 2014.