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Current as of January 01, 2022 | Updated by FindLaw Staff
In addition to the general qualifications under AS 21.27.020, to qualify for issuance or for renewal of a resident surplus lines broker license, an applicant or licensee shall
(1) be licensed as either an insurance producer or managing general agent for property and casualty lines of authority;
(2) if required by the director by regulation, maintain a bond as described in AS 21.27.190 in an amount acceptable to the director that requires the surplus lines broker to conduct business under this title, promptly remit the taxes and fees required by law, return premiums promptly when due, and pay proper losses promptly;
(3) if the director requires, maintain an errors and omissions insurance policy acceptable to the director.
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.27.790. Surplus lines broker qualifications - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-27-790/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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