Section 21.27.115. Lines of authority.

If a person has met the applicable requirements of AS 21.27.020 and 21.27.270, the director shall issue a license for one or more of the following lines of authority:
        (1) life insurance coverage on natural persons; in this paragraph, "life insurance coverage"
             (A) includes benefits of endowment and annuities; and
             (B) may include benefits in the event of death or dismemberment by accident and benefits for disability income;
        (2) health insurance coverage for sickness, bodily injury, or accidental death; in this paragraph, "health insurance coverage" may include benefits for disability income;
        (3) property insurance coverage for the direct or consequential loss for damage to property of every kind;
        (4) casualty insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property; in this paragraph, "casualty insurance" includes surety insurance as defined in AS 21.12.080;
        (5) variable life and variable annuity products insurance coverage;
        (6) personal lines property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes;
        (7) limited lines credit insurance;
        (8) [Repealed, March 1, 2017]. =ro crop insurance coverage for damage to crops from unfavorable weather conditions, fire or lightning, flood, hail, insect infestation, disease, or other yield-reducing conditions or perils provided by the private insurance market, or that is subsidized by the Federal Crop Insurance Corporation, including multiperil crop insurance;
        (9) [Repealed, March 1, 2017]. =ro surety insurance as defined in AS 21.12.080;
        (10) any insurance for which a limited lines license may be issued under AS 21.27.150.

Authorities

21.27.150

Notes

Recent Bills that will modify this

HB 372 OMNIBUS INSURANCE

References

AS 21.27.150 Limited licenses.

History

(Sec. 24 ch 81 SLA 2001; am Sec. 19 ch 96 SLA 2004)