Steps for Becoming an Alaska Insurance Broker

| October 6, 2010

In the state of Alaska, the Alaska Division of Insurance is a governing authority that determines the rules and regulations for licensing insurance agents. As such, they offer following types of insurance licenses:

  • All Lines
  • Property/Casualty
  • Life
  • Surety
  • Independent Adjuster
  • Surplus lines
  • Viatical Settlement Broker
  • Viatical Settlement Representative

Completing the Insurance Application

To begin the licensing process, complete the online insurance application available at the National Insurance Producer Registry (NIPR.com). By completing the application, your information is processed and submitted to the Alaska Division of Insurance.

Because Alaska does a criminal background check, submitting FBI FD 258 fingerprint cards is part of the process. The NIPR application provides specifics on how to go about obtaining the cards and how to submit them to the state.

Disclosing a Criminal Background

In addition to fingerprinting, you must disclose any felony charges you may have. A felony charge in and of itself won’t prevent you from becoming a licensed insurance agent. You just have to complete an additional form (Application for a Person Seeking Written Consent to Engage in the Business of Insurance) and submit it to the Alaska Division of Insurance. When completing the eight-page form you must provide certified copies of your criminal history, copy of indictment and other documentation requested. After assembling all of the paperwork, sign the form and have it notarized before mailing.

Once your application is reviewed and approved, you can continue on in the process of getting your license.

Insurance Pre-Licensing Education Requirements

There are no formal pre-licensing education requirements in the state of Alaska. It is recommended, however, that you spend time gaining the necessary knowledge to pass the exam. Companies such as Agent/Broker Training Center (abtrainingcenter.com) offer exam preparation classes solely for the purpose of passing the state exam.

Taking the Alaska State Insurance Exam

The Alaska state exam insurance exam is administered through a company called Pearson Vue. In addition to administering exam, they also have two free downloadable documents that are helpful for passing the state exam. One document, the Candidate Handbook, is a state-specific checklist of what to do to get an insurance license. The other is the Content Outline brochure that provides detailed information on the types of questions asked on the state exam.Insurance Producer

After taking the state exam, your scores are automatically forward to the Division of Insurance. If you pass the exam, the Division of Insurance will issue your license (provided they are in receipt of your application, criminal background check and any other required documents). If you do not pass the state exam, you may take it again.

There are fees involved in obtaining an insurance license. For the most up to date fee schedule, visit the Division of Insurance website.

Continuing Education Requirements

Although there are no pre-licensing education requirements to get an insurance license, there are continuing education requirements to maintain and renew your license. You must take a minimum of 24 continuing education credits during your two-year licensing period. Failure to do so will prevent you from renewing your Alaska insurance license.

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Category: Insurance, Licensing

About the Author ()

Felicia A. Williams is a wife, mother, freelance writer and owner of Tidbits and Stuff.

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