Alaska Insurance Exam Guides
Pick the license you're studying for. Each guide covers Alaska-specific requirements, fees, and official links — plus a free practice exam. Then scroll down to explore the Alaska exam's state-law material, mapped.
Free study resource
What's actually tested on the Alaska exam — the state regulations, mapped
Every Alaska insurance exam reserves a block of questions for Alaska-specific law — the fees, deadlines, limits, and rules that generic national study guides gloss over. This is that material: 114 facts from the TESTivity Alaska regulations curriculum, organized the way we teach them. Open a branch, explore, and let the structure do some of the remembering for you.
Every fact below carries its source citation and the date we last verified it (most recently August 2026) — and is re-checked on a schedule. Facts marked tested are ones you should expect to see on the exam.
Life 12 facts
The life insurance rules that differ by state — free look, grace, reinstatement.
- Incontestability period tested2 years from date of issue, except for nonpayment of premium
- Grace period for individual life tested30 days (or one month of not less than 30 days). **Industrial life paid more often than monthly gets 4 weeks.**
- Window to reinstate a lapsed policy tested3 years from premium default (**2 years** for industrial life)
- Max interest chargeable on reinstatement, if capped testedBack premiums with interest **not exceeding 6% per year, compounded annually**, plus policy-loan interest
- Suicide exclusion period tested2 years from date of issue — the statute says **'while sane or insane'**
- Free look for individual life tested**10 days** after delivery, with a full refund
- Free look for annuities tested**10 days** — the same statute expressly covers annuity contracts
- Free look when a policy is being replaced tested**30 days**, with an unconditional full refund (cash surrender value plus charges for a variable or MVA contract)
- Free look for long-term care tested**30 days** for long-term care (AS 21.53.050(a)); **30 days** for Medicare supplement (3 AAC 28.490(e))
- Required nonforfeiture options testedStandard Nonforfeiture Law — cash surrender value, paid-up nonforfeiture benefit, extended term
- Registrations required to sell variable products testedA **Life producer license first**, then FINRA/NASD qualification as a Registered Representative or principal (or the SEC test under § 15(b)(8) of the Securities Exchange Act of 1934)
- Has the state adopted the NAIC best interest standard? tested**YES — adopted, effective 23 November 2022.** *'When making a recommendation of an annuity, a producer shall act in the best interest of the consumer… without placing the producer's or the insurer's financial interest ahead of the consumer's interest.'* Four obligations: **Care, Disclosure, Conflict of Interest, Documentation.**
Health 11 facts
Health coverage rules — continuation, prompt pay, mandates, public programs.
- Has the state expanded Medicaid under the ACA? tested**YES — expanded effective 1 September 2015**, by executive action of Governor Walker. Alaska was the 29th state to expand.
- Effective date of expansion, if expanded tested1 September 2015
- Agency administering Medicaid testedAlaska Department of Health (DOH)
- Federal marketplace or state-based exchange testedFederal marketplace (healthcare.gov) — Alaska has no state-based exchange
- Name of the state CHIP program tested**Denali KidCare**
- Clean-claim payment deadline, electronic tested**30 calendar days**
- Clean-claim payment deadline, paper tested**30 calendar days** — the same
- Does the state distinguish electronic vs paper claims? tested**NO — Alaska applies ONE uniform 30-day standard** to every clean claim, electronic or paper
- Interest / penalty on late claim payment tested**15% annual interest**, accruing from the day after notice was due until the claim is paid. If the insurer needs more information it must say so within 30 days, then pay within **15 days** of receiving it.
- Is the IRO's external review decision binding on the plan? tested**YES — Alaska runs its OWN state external review process**, and the IRO's decision is **binding**: *'An external review decision is binding on a health care insurer except to the extent the health care insurer has other remedies available under applicable state law.'* The Division assigns a registered IRO on rotation.
- Employer size at which federal COBRA applies tested20 or more employees
Auto 11 facts
Auto insurance — minimum limits, fault system, required coverages.
- Fault-based (tort) or no-fault tested**Fault-based (tort). Alaska is NOT a no-fault state** — there is no PIP chapter in Title 21 or Title 28, and medical payments coverage is optional.
- Minimum bodily injury liability per person tested$50,000
- Minimum bodily injury liability per occurrence tested$100,000
- Minimum property damage liability tested$25,000
- The memorizable shorthand (e.g. 30/60/25) tested50/100/25
- Uninsured motorist: mandatory / must be offered & rejectable / not required tested**Included by default at minimum limits, but rejectable IN WRITING.** The insurer must offer UM/UIM initially and at each renewal. Once rejected, it may not be added back to a renewal or replacement policy unless the insured asks in writing. **If the rejection is not signed, the policy must issue with UM/UIM matching the liability limits.**
- Underinsured motorist status testedSame as UM — included by default, rejectable in writing. Minimum UM/UIM limits are **50/100/25**, with a $250 property damage deductible.
- Personal injury protection status testedNot required — Alaska has no PIP statute
- Contributory / pure comparative / modified comparative negligence tested**PURE COMPARATIVE NEGLIGENCE.** *'Contributory fault chargeable to the claimant diminishes proportionately the amount awarded… but does not bar recovery.'* **There is NO percentage bar.** A claimant 99% at fault still recovers 1% of their damages.
- Assigned risk / residual market plan for auto tested**The Alaska Automobile Insurance Plan (Assigned Risk)**, AIPSO-administered. Note that on any auto cancellation (other than for nonpayment) or nonrenewal, **the insurer must tell the insured about their eligibility for the Plan.**
- Coverage for attorney fees taxable as costs against an insured tested**Unique to Alaska.** Alaska is a partial loser-pays jurisdiction under **Civil Rule 82**, and the Casualty content outline expressly tests *'Civil Rule 82 procedural requirements per Order 96.03 and 3 AAC 26.500-550'* — 3 AAC 26 Article 4 is titled *Coverage for Attorney Fees Taxable as Costs Against an Insured*. No other state's producer exam is known to test it, because no other state has Rule 82.
CE & Renewal 8 facts
Continuing education and renewal rules — the numbers the exam loves.
- How long a license lasts before renewal testedTwo years
- What the renewal date keys off (flat term / birthday / birth year) tested**The LAST DAY of your birth month, in odd or even years matching the parity of your birth YEAR.** Born in an odd-numbered year, the license renews on the last day of your birth month every odd-numbered year; born in an even year, every even year. A firm renews on the anniversary of its initial license date, in the parity year matching issuance. Note: it is the last day of the birth MONTH, not the birthday.
- CE hours per renewal period, standard case tested24 credit hours per two-year license period
- CE hours if holding multiple license types (if different) testedStill 24 — the requirement does not increase with the number of lines held
- Ethics hours required per period tested3 hours. 3 AAC 23.100(b) requires hours in **"insurance ethics"**; the approved-subject list at 3 AAC 23.105(a)(2)(I) names the area **"business insurance ethics"**. Both phrases appear in the code and course catalogs use them interchangeably.
- Carryover and category caps on CE credit testedUp to **8 excess hours may be carried over** into the next period. Separately, **no more than 8 credit hours** may come from management, marketing and sales training, and those hours **cannot** be carried over. Carried-over ethics hours arrive as general credit only and will not satisfy the next cycle's 3-hour ethics requirement.
- What happens if CE is not completed (fine / expiry / cancellation) testedCE is a **qualification for renewal**, so failing it means the license is not renewed and **lapses** on the renewal date. **You may not act as a producer while lapsed**, and reinstating does not shield you from penalties for business written while unlicensed (AS 21.27.380(b)). **3 AAC 23.160 'Noncompliance'** governs the process; extensions may be requested for reasonable cause or excusable neglect. The Director gives at least 30 days' notice before the renewal date, but licensees must track their own dates.
- Any CE exemption (e.g. long-service agents) tested**Nonresident licensees are exempt** from Alaska CE (AS 21.27.020(f)(5) states it unconditionally; the Division's page frames it as meeting home-state CE). Also exempt: holders of **temporary** licenses (AS 21.27.390) and **limited lines** licenses (AS 21.27.150), and — the long-service exemption — anyone **licensed by the division before January 1, 1980**, described by DOI as holding an active Alaska resident license since 1979 or prior. A licensee must also have held the license for a full two-year period before CE applies.
Property 8 facts
Property insurance — rate regulation, residual markets, catastrophe exposure.
- Rate regulation system (file-and-use / prior approval / use-and-file) tested**Three tiers, not one label.** A cumulative rate change of **10% or less over 12 months** takes effect **without prior approval** (the flex band, AS 21.39.210). Above the band, **file-and-use with a 30-day waiting period** — file at least 30 days before the proposed effective date (AS 21.39.220). On **prior approval**: workers' compensation, medical malpractice, assigned-risk rates, and insurers under supervision or rehabilitation.
- Is insurance credit scoring permitted in personal lines? tested**Permitted — but NEVER as the sole basis.** *'An insurer may use a consumer's credit history or insurance score to cancel, deny, nonrenew, underwrite, or rate personal insurance only in combination with other substantive underwriting factors.'*
- Does the state have a FAIR Plan? tested**NO — Alaska has no FAIR Plan and no residual property market at all.**
- Dominant catastrophe perils in the state tested**Earthquake above all** — Alaska is the most seismically active state in the union, with more large earthquakes than the rest of the United States combined and a roughly M7 event nearly every year (the 1964 Good Friday quake was M9.2). Also volcano, flood and coastal erosion, tsunami, wildland fire, ground failure, permafrost degradation, and severe weather.
- What license you must already hold to write surplus lines testedAn Alaska license as a **producer or managing general agent with PROPERTY AND CASUALTY lines of authority**. The old experience requirement has been abolished. The Surplus Lines Broker license fee is **$300**, and a separate Surplus Lines Broker examination is required.
- Is a diligent-effort search of the admitted market required first? testedYes
- Surplus lines premium tax rate tested**2.7% of net premium** (gross written less return premiums), remitted with the quarterly report, **plus a separate 1% filing fee** on gross premium less return premiums — **3.7% in total**. The broker **may not absorb or rebate** the tax; late payment costs $50/month + 5% of the unpaid tax + 1% monthly interest. The **0.75%** figure on the DOI surplus lines page applies to **wet marine and transportation only**, which also escapes the filing fee and the diligent search.
- The placement (export) list and reuse of declinations tested**Canvassing admitted companies for a declination is not required when the risk is on the placement list** — but the insured's file must document that the list was evaluated and how the risk is identified on it. A declination may be cited for **other insureds for no more than 180 days**, and a diligent search must be completed **every year** before renewal or on a multi-year policy.
Guaranty 10 facts
The safety nets when an insurer fails — and their limits.
- Name of the life & health guaranty association testedAlaska Life and Health Insurance Guaranty Association
- Life death benefit limit tested$300,000
- Life cash surrender / withdrawal value limit tested$100,000
- Annuity benefit limit tested$250,000 present value
- Health benefit limit tested$500,000 for health benefit plans; $300,000 for disability income; $300,000 for long-term care; $100,000 for other health coverages
- Aggregate per-individual cap, if any tested**$300,000 aggregate per life** — except **$500,000** where a health benefit plan is involved. Also: $5,000,000 for one owner of multiple non-group life policies; $250,000 structured settlement payee.
- Does the state follow the standard NAIC model limits? testedYes — standard NAIC model structure, with tiered health limits
- Name of the P&C guaranty association testedAlaska Insurance Guaranty Association — **AS 21.80**, with three accounts: workers' compensation, automobile, and all other
- Per-claim cap testedThe association pays **only that amount of each covered claim that is LESS THAN $500,000** — it does not pay a flat $500,000. **Workers' compensation claims are paid in full, with no cap.** Unearned premium is separately capped at **$10,000 per policy**. There is no minimum claim threshold or deductible.
- Is using the guaranty association as a sales inducement prohibited? tested**YES — expressly prohibited.** No person may publish an advertisement *'that uses the existence of the association for the purpose of sales, solicitation, or inducement to purchase any form of insurance.'* The required disclaimer must also tell the buyer they *'should not rely on coverage under the association when selecting an insurer.'*
Workers Comp 7 facts
Who must carry workers' compensation and what it pays.
- Is workers' compensation mandatory for private employers? tested**Yes**
- Employee count at which coverage is required tested**ONE employee.** An 'employer' is *'a person employing one or more persons.'* **There is no headcount exemption at all.**
- Agency administering workers' compensation testedThe **Division of Workers' Compensation**, Alaska Department of Labor and Workforce Development. Claims are adjudicated by the **Alaska Workers' Compensation Board** (three-member panels: a hearing officer plus one industry and one labor representative), with appeals to the **Workers' Compensation Appeals Commission**.
- Temporary total disability wage replacement rate tested**80% of the worker's SPENDABLE weekly wage** — gross weekly earnings minus payroll tax deductions
- Deadline to file a claim tested**2 years** from the date the employee has knowledge of the nature of the disability and its relation to the employment — with an outer limit of **4 years from the date of injury**. Death claims: **1 year**. Where benefits were paid without an award: 2 years from the last payment. **Separately, notice of injury must be given to the EMPLOYER within 15 days.**
- Ways an employer may comply (insure / self-insure / group) testedEither insure with a licensed insurer, or furnish the Division satisfactory proof of financial ability to pay directly (self-insure). **Failure to insure is a criminal offense: a $10,000 fine and up to a year's imprisonment, plus civil penalties of up to $1,000 per employee per day uninsured.**
- Federal overlay tested alongside state workers' compensation testedThe **Longshore and Harbor Workers' Compensation Act** is named in the Alaska Casualty content outline alongside AS 23.30, reflecting the state's maritime and fishing economy.
Regulator 7 facts
Who regulates insurance here and what powers the office holds.
- Name of the state insurance regulator testedThe Alaska Division of Insurance
- Title of the person who heads it testedDirector of Insurance — NOT 'Commissioner'
- How the commissioner is chosen: elected / appointed by governor / appointed by other body testedAppointed by the **Commissioner of Commerce, Community, and Economic Development**, and serves at that commissioner's pleasure — NOT elected, and NOT a gubernatorial appointee
- Where the state's insurance law is codified testedAlaska Statutes Title 21 (AS 21.xx.xxx), with regulations in Title 3 of the Alaska Administrative Code (3 AAC 21–31)
- Does the regulator sit somewhere unusual (e.g. inside a constitutional commission)? testedSomewhat — the Division sits inside the **Department of Commerce, Community, and Economic Development (DCCED)**, and its head is a Director appointed by that department's commissioner
- Claim acknowledgment and payment deadlines testedCounted in **WORKING days**, not calendar days: written acknowledgment within **10 working days** of notification; reply to other communications within **15 working days**; accept or deny within **15 working days** of a properly executed proof of loss; undisputed amounts paid within **30 working days**; if more time is needed, written notice inside the first 15-day window and further written updates **every 45 working days**. Third-party claimants get **at least 60 calendar days'** warning before a limitations period may expire.
- Is there a private cause of action for unfair claim settlement practices? tested**No — AS 21.36.125(b) expressly forecloses a private cause of action.** Enforcement belongs to the director, who implements the statute through 3 AAC 26 Article 1. Related Alaska-labeled provisions: AS 21.36.096 (prohibited denial of claim for causation) and AS 21.36.185 (maintenance of complaint handling records).
Cancellation 8 facts
When and how policies can be canceled or nonrenewed — heavily tested.
- Initial window during which an insurer may cancel more freely tested**60 days — but the rule runs the OPPOSITE way from most states.** The statutory cancellation restrictions do not apply to a policy in force less than 60 days unless it is a renewal policy — and because Alaska's permitted grounds for cancelling personal auto are so narrow (nonpayment, or suspension/revocation of the named insured's or a household operator's license or registration), the practical effect protects the new policy rather than opening a free-cancellation underwriting window.
- Notice days to cancel a homeowners policy inside the initial window tested**30 days** for general cause — and the same rule covers homeowners AND personal auto
- Notice days to cancel a personal auto policy inside the initial window tested**30 days** for general cause — Alaska uses one rule for both homeowners and personal auto
- Notice days for cancellation for nonpayment tested**20 days**
- Notice days for cancellation for other permitted causes tested**10 days** on the fast track — for a suspended or revoked driver's license or registration, conviction of a crime increasing the hazard insured against, or fraud/material misrepresentation
- Notice days required for nonrenewal tested**20 days for personal lines**; **45 days for commercial**. A personal policy may be nonrenewed **only on the annual anniversary**, and if the notice is defective the policy continues until proper notice has run. A **20-day notice is also required if the renewal premium rises by more than 10%** (AS 21.36.235).
- Must the reason be stated proactively, on request, or not at all? tested**On CANCELLATION: YES** — *'A notice of cancellation… must include or be accompanied by a statement of the reason for the cancellation.'* **On NONRENEWAL: NO** — AS 21.36.240 imposes no reason requirement.
- Restrictions on nonrenewing because of claims (e.g. weather claims excluded) testedA homeowners policy **may not be nonrenewed based solely on the earliest claim in the preceding 3 years that arose from the criminal act of a THIRD PARTY** (i.e. the insured was a victim).
Licensing 32 facts
How you get and keep the license — exams, fees, applications, background checks.
- Is there a standalone life license/exam? testedYes — Life, level **01**. Two parts: General Knowledge + Life Alaska Specific. The March 2025 content outlines give **50 scored + 5 pretest** general and **40 scored + 10 pretest** Alaska (105 items); the September 2023 handbook prints 60 + 50 (110 items). The outlines are the newer document.
- Is there a standalone health license/exam? testedYes — Health (Accident & Health), level **02**, same two-part structure. Outlines: **50 scored + 5 pretest** general, **40 scored + 10 pretest** Alaska (105 items). Handbook: 60 + 50 (110 items). SB 132 renamed the line effective 1 January 2026; DOI calls it 'Accident, Health and Sickness'.
- Is there a combined life+health license/exam? testedYes as a LICENSURE AREA — but there is **no single combined Life & Health exam and no combined exam code**. You sit Life (01) and Health (02): four parts, **180 scored questions** (the handbook's chart prints 220 items under its older counts). Both may be taken in one **test-center** session for a single exam fee; OnVUE applies no combination discount.
- Is there a personal lines license/exam? testedYes — Personal Lines, level **55**. Outlines: **75 scored + 5 pretest** general and **49 scored + 5 pretest** Alaska (134 items); handbook prints 86 + 54 (140 items). Level 55 **cannot be combined** with any other exam for a shared fee.
- Is P&C one combined license, or split into Property and Casualty? tested**Separate exams — Alaska has NO combined Property & Casualty exam and no P&C code.** You sit Property (level 04) and Casualty (level 05) separately — four parts, 180 scored — and may take both in one test-center session for a single exam fee.
- Does the life license cover annuities? testedYes — annuities fall under the Life line
- Does the P&C license already include personal lines authority? testedNo — Personal Lines is its own separate examination and line of authority
- Full list of exam-based agent license types testedLife · Health · Property · Casualty · Personal Lines · plus limited lines (Bail Bond, Title, Credit, Crop, Travel, Motor Vehicle Rental)
- Exam administrator (Prometric / PSI / Pearson VUE) testedPearson VUE — with **OnVUE online proctored testing available**, plus 12 physical test centers
- Exam fee tested**$89 per attempt** — and **two exams may be taken in one session for a single $89 fee** at a physical test center, **except levels 29 and 55**, which cannot be combined with anything. Online (OnVUE) candidates pay per exam with no combination discount. CAVEAT: the $89 appears only in the September 2023 handbook; Pearson VUE's live Alaska page posts no price, so confirm at booking.
- License application fee tested$75 biennial license fee — 'any or all lines'. Surplus Lines Broker is $300.
- Fee per insurer appointment tested**None — Alaska charges no appointment fee.** An appointment must be *made* within 30 days of the written agency contract or the producer's first application (AS 21.27.100) and continues in force until terminated in writing (AS 21.27.110), but it is **not filed with the Division**. Terminations *for cause* must be reported: the insurer notifies the director and mails the appointee within 15 days, and the appointee has 30 days to file written comments; the statement of reasons is confidential.
- Passing score tested**A scaled score of 70 — explicitly NOT a percentage.** The handbook: the scaled score "is neither the number of questions you answered correctly nor the percentage of questions you answered correctly." Raw scores are converted; the Division sets the standard, not Pearson VUE. Passing candidates receive a report saying only 'pass' with no number; failing candidates get a numeric score per failed part, plus a content-area diagnostic on Part 1 of the Life, Health and Property/Casualty exams.
- Minimum age to be licensed tested18
- Is pre-licensing education required? tested**No — Alaska requires no pre-licensing education for any producer line.** AS 21.27.020 lists age, bona fide residency and passing the exam; 3 AAC 23 Article 1 (all 36 sections) contains no pre-licensing section, and 3 AAC 23.060 'Licensing by credentials' is **repealed**. DOI's resident-license process has no education step.
- Pre-licensing hours and any exceptions (e.g. Title, adjusters) testedNone. The Director *may* adopt education regulations but has not done so.
- Fingerprints, state police report, or none tested**One FBI form FD-258 fingerprint hard card, mailed**, submitted with the application package together with a Privacy & Consent form and the fee. Not livescan and not an electronic vendor submission. 3 AAC 23.010(c): a permanent license issues only after the application, fees and card have been received, reviewed and approved, and the card forwarded on.
- Who takes the prints / issues the report tested**No contracted vendor and no service code of any kind** — there is no IdentoGO, Fieldprint or Gemalto arrangement for Alaska insurance, and no per-applicant code is issued. The applicant uses any fingerprinter on the **Alaska Department of Public Safety approved list** and pays that provider's own rolling fee, which no agency publishes.
- Fingerprint fee and when prints are required again tested**$47.00**, payable to the State of Alaska and submitted with the application fees (fee schedule 08-214, Rev. 1/27/26). The $48.25 in the 2023 Pearson VUE handbook and the $51.50 on older third-party pages are both superseded. The fingerprinter's rolling fee is separate and paid by the applicant. Fingerprints are required again when reinstating a license cancelled or expired more than 12 months.
- Deadline to apply after passing the exam testedExamination results are valid for **1 year** from the exam date (3 AAC 23.070) and must be less than a year old when you apply. Separately, once you file, **all application requirements must be met within 4 months** of the Division receiving the application, or the application is treated as WITHDRAWN. Two clocks, both binding.
- How long a passed exam remains valid tested**1 year** from the exam date. After that the applicant must retake the exam (3 AAC 23.070(b)). NIPR states the same: Alaska exam scores are valid for 12 months.
- Waiting period before retaking a failed exam tested**Online (OnVUE): 4 attempts maximum per exam** — wait **7 days** after the 1st attempt, **14 days** after the 2nd, **30 days** after the 3rd; after the 4th, all further attempts must be at a physical Pearson VUE center. **At a test center the handbook prints no waiting period** (scheduling is limited only by seat availability, bookable up to one calendar day ahead) — note that this is the absence of a published rule rather than an affirmative 'none'. A failed exam must be retaken **in full, both parts** — a passed part cannot be banked.
- Limit on number of attempts, if any tested**4 attempts online.** No test-center cap is printed anywhere — the 4-attempt limit is written as OnVUE-specific — but the absence of a published cap is not the same as a stated 'unlimited'.
- Notice required to reschedule/cancel without forfeiting the fee tested48 hours (24 hours for OnVUE online exams)
- Where you apply (Sircon / NIPR / state portal) tested**NIPR** (nipr.com) is what DOI links for initial applications; **Sircon** also supports Alaska producer apply and renew (but lists appointments, terminations and affiliations as N/A for Alaska). **NAIC SBS** is for license lookup, printing and CE tracking, not for applying. **Filing a paper application when you could have filed electronically costs an extra $50.** All fees paid to the Division are nonrefundable (3 AAC 31.010).
- Are temporary licenses available? tested**YES — Alaska issues temporary producer licenses under AS 21.27.390**, but only in four narrow situations: the surviving spouse, next of kin or personal representative of the estate of a deceased licensed producer; a family member or guardian of a disabled licensed producer; the surviving members of a firm on the death of its compliance officer; and the designee of a producer entering military service. There is no general 'work while you study' temporary license. (Separately, and unrelated to producers, Alaska has a Trainee Independent Adjuster license.)
- Temporary license duration and training requirement tested**90 consecutive days maximum, renewable or reissuable for one additional 90-day period — 180 days in total** (AS 21.27.390(b)). The temporary licensee **may not represent insurers not previously represented** by the original licensee (subsection (c)), and is **exempt from CE** (3 AAC 23.100). AS 21.27.390(d) was repealed in 2018. The separate Trainee Independent Adjuster license runs up to 12 months and is non-renewable (AS 21.27.380(e)).
- Do professional designations (CLU, CPCU, CIC...) waive the exam? tested**No — Alaska grants no designation-based waiver.** The exemption list in AS 21.27.060(d) is exhaustive and contains only limited-lines licenses, prior licensure in good standing within the preceding year under substantially similar requirements, and TPA/PBM compliance officers. 3 AAC 23.060 'Licensing by credentials' is repealed, and since Alaska requires no pre-licensing education there is nothing for a designation to waive.
- Exam waiver for producers moving in from another state tested**Waived if you apply within 90 days of cancelling a resident license in another state** for the same lines of authority, where the former state certifies good standing or NAIC records show it. AS 21.27.060(d)(2) separately exempts a person licensed in good standing within the **preceding year** under substantially similar requirements.
- How long producers must retain transaction records tested**5 years** after the transaction is completed — **10 years** for reinsurance transactions — kept at the principal place of business and open to the director at any business time. The licensee must **respond in writing to a records inquiry within 10 working days**. Most states require 3 years.
- Deadline to report changes and legal actions to the director tested**30 days**, in writing, for a change of residence, place of business, legal name, fictitious name, mailing address, **email address**, telephone number or compliance officer — and within 30 days of **any administrative action by a governmental or financial regulatory authority or any criminal prosecution**, with the final order or the complaint and calendaring order attached. Penalties: **$50** (1–60 days late), **$100** (61–120), **$200** (121+).
- Late renewal and reinstatement tiers testedThe license **lapses** if the renewal form and fee are not received before close of business on the renewal date — no grace period is written into the regulation. **1–60 days late: $100 penalty + $75 fee = $175.** **Over 60 days: $200 + $75 = $275, and new application forms are required.** Cancelled/expired over 12 months: **fingerprints again**. **Expired 2 years or longer: cannot be renewed at all** — you start over as a new applicant.