The Alaska Reinsurance Intermediary Manager license

AS 21.27.730 adds a bond and an errors and omissions policy to the general qualifications and makes both a discretion of the director rather than a requirement. AS 21.27.020(b) is the closed list of six general qualifications behind every individual license in the chapter and no course is in it: eighteen or older; a bona fide resident actually residing in the state, for a resident license; the examination under AS 21.27.060 passed; trustworthy; not using the license principally to write controlled business; and no act that is a ground for denial anywhere. AS 21.27.020(f) lets the director add education or experience requirements by regulation, and the regulations adopted under it, 3 AAC 23, are continuing education from end to end. A reinsurance intermediary manager binds for the reinsurer. AS 21.27.750 and 21.27.760 carry the difference: the manager acts under a written contract approved by the reinsurer’s board, and the operating requirements list what such a contract must never let the manager do. Alaska is on the two-license side of a split this site has now seen three ways: Michigan issues a broker license and a manager license on MCL 500.1151’s definitions, Vermont writes the same two definitions and issues one, Rhode Island writes them and issues one, and Alaska names both in AS 21.27.010(a)’s first sentence and licenses them separately. The statute’s vocabulary never decides this. The department’s own list does.

Read at the Department on 2026-08-18

AS 21.27.270(b) is one reciprocity provision covering seven license types at once, the producer, limited lines, surplus lines broker, managing general agent, reinsurance intermediary broker, independent adjuster and reinsurance intermediary manager. It asks for three things: a current home state license in good standing, the fees, and either the application filed at home or a completed uniform application. The third condition is the one that can close the route without anything changing here, because it is about the other state: the home state has to award Alaska residents the same license on the same basis. AS 21.27.270(a) then goes further than most states dare, letting the director waive any license application requirement in the chapter by order to reach reciprocity under the Gramm-Leach-Bliley Act. AS 21.27.270(e) is the price of a non-resident license: an irrevocable power of attorney appointing the director to receive service of process, which stays irrevocable for as long as a cause of action could arise.

Read at the Department on 2026-08-18