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(a) In order to renew a license under AS 21.27.380 , a licensee must satisfy the continuing education requirements under 3 AAC 23.100 - 3 AAC 23.170 unless the licensee seeks renewal of a
(1) temporary license under AS 21.27.390 ;
(2) limited lines retired insurance producer license;
(3) limited lines travel insurance producer license; or
(4) license that was first issued before January 1, 1980.
(b) After June 30, 1998, in order to qualify for license renewal, a licensee who has held a license for a full two-year period must have 24 continuing education credit hours. For purposes of this subsection, a lapse in licensure or cancellation or suspension of a license will be considered part of a full two-year license period. Continuing education credit hours acquired by a licensee after June 30, 1996 that conform with 3 AAC 23.100 - 3 AAC 23.170 may be applied to the continuing education requirement for license renewal after June 30, 1998.
(c) A licensee may earn credit hours only if a licensee completes courses, seminars, or programs of instruction that meet the criteria in 3 AAC 23.110 - 3 AAC 23.170.
(d) If a licensee fails to meet the continuing education requirements in (b) of this section because of reasonable cause or excusable neglect, the licensee may submit a written request for an extension of time to the director at least 90 days before to the licensee's renewal date. The director will, in the director's discretion, request the continuing education advisory committee appointed under AS 21.27.020 (g) to review the request and recommend to the director whether an extension of time should be granted for the licensee to comply with (b) of this section. The director will notify the licensee by certified mail of the director's decision to grant or deny an extension of time.
(e) If a licensee fails to meet the continuing education requirements in (b) of this section, the director will consider the licensee no longer qualified under AS 21.27.020 and the license lapses, unless the licensee is granted an extension of time to comply with the continuing education requirements under (d) of this section. In addition to any other requirements to reinstate a lapsed license, a licensee must complete the continuing education credit requirements.
History: Eff. 9/26/96, Register 139
Authority: AS 21.06.090
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Last modified 7/05/2006