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Title 3 . Commerce, Community, and Economic Development
Chapter 31 . Miscellaneous
Section 20. Insurance producer, managing general agent, reinsurance intermediary manager, reinsurance intermediary broker, and independent adjuster fees

3 AAC 31.020. Insurance producer, managing general agent, reinsurance intermediary manager, reinsurance intermediary broker, and independent adjuster fees

The following fees are established for resident and nonresident licenses, permanent, temporary, and trainee, for insurance producers, managing general agents, reinsurance intermediary managers, reinsurance intermediary brokers, and independent adjusters:

(1) initial application or biennial renewal for an insurance producer or managing general agent license for all lines, including issuance of the license, if issued:

(A) for a resident individual not acting on behalf of a firm, $200;

(B) for a nonresident individual not acting on behalf of a firm, $400;

(C) for a resident firm, including the principal or manager, $400;

(D) for a nonresident firm, including the principal or manager, $800;

(2) initial application or biennial renewal for an insurance producer or managing general agent license for any or all lines within property and casualty lines only or for any or all lines within life lines only, including issuance of the license, if issued,

(A) for a resident individual not acting on behalf of a firm, $100;

(B) for a nonresident individual not acting on behalf of a firm, $200;

(C) for a resident firm including the principal or manager, $200;

(D) for a nonresident firm, including the principal or manager, $400;

(3) initial application or biennial renewal for a reinsurance intermediary manager or reinsurance intermediary broker license or for a controlling insurance producer or third party administrator license for all lines or for any or all lines within property and casualty lines only or for any or all lines within life lines only, and for issuance of the license, if issued:

(A) for a resident individual not acting on behalf of a firm, or for a resident firm including the principal or manager of the firm, $300;

(B) for a nonresident individual not acting on behalf of a firm, or for a nonresident firm including the principal or manager of the firm, $900;

(4) initial application or biennial renewal for an independent adjuster license, including issuance of the license, if issued;

(A) for a resident individual not acting on behalf of a firm, $50;

(B) for a nonresident individual not acting on behalf of a firm, $100;

(C) for a resident firm, including the principal or manager, $100;

(D) for a nonresident firm, including the principal or manager, $200;

(5) initial application or biennial renewal for each of the following limited producer resident individual licenses, including issuance of the license, if issued, $50:

(A) bail bond;

(B) title;

(C) fraternal benefit society;

(D) health, whose sole purpose is to be appointed by and act as an agent for health insurance pertaining to sports and recreation;

(E) motor vehicle rental agency;

(6) initial application or biennial renewal for the following limited producer nonresident individual licenses for an individual not acting on behalf of a firm, including issuance of the license, if issued, $100:

(A) fraternal benefit society;

(B) motor vehicle rental agency;

(7) initial application or biennial renewal for the following limited producer resident firm licenses, including the principal or manager, and including issuance of the license, if issued, $100:

(A) bail bond;

(B) title;

(C) fraternal benefit society;

(D) health, whose sole purpose is to be appointed by and act as an agent for health insurance pertaining to sports and recreation;

(E) travel;

(F) motor vehicle rental agency;

(8) initial application or biennial renewal for the following limited producer nonresident firm licenses, including the principal or manager, and including issuance of the license, if issued, $200:

(A) fraternal benefit society;

(B) motor vehicle rental agency;

(9) initial application or biennial renewal for a retired insurance producer license for any lines, including issuance of the license, if issued:

(A) for a resident individual not acting on behalf of a firm, $35;

(B) for a nonresident individual not acting on behalf of a firm, $50;

(10) initial application or biennial renewal for a license, for any lines, for an individual working in a firm, including issuance of the license, if issued,

(A) for a resident, $35;

(B) for a nonresident, $50.

History: Eff. 8/30/86, Register 99; am 6/2/88, Register 106; am 7/1/92, Register 123; am 4/20/97, Register 142; am 9/24/99, Register 151

Authority: AS 21.06.090

AS 21.06.250

AS 21.27.380

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Last modified 7/05/2006