Alaska Statutes 21.27.790 – Surplus lines broker qualifications

In addition to the general qualifications under Alaska Stat. § 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;

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Alaska Statutes 21.27.790

property: includes real and personal property. See Alaska Statutes 01.10.060

(2) if required by the director by regulation, maintain a bond as described in Alaska Stat. § 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.

Previous section

Next section

Article 7 Contents