Alaska Statutes
Alaska Stat. § 21.27.410 (2026)
Denial, nonrenewal, suspension, or revocation of licenses
✓ current as of July 2026
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Sec. 21.27.410. Denial, nonrenewal, suspension, or revocation of licenses.
(a) The director may deny issuance of or not renew a license or may suspend or revoke a license issued under this chapter for any of the following:
(1) a cause for which issuance of the license or its renewal could have been denied had it then existed and been known to the director;
(2) a violation or participation in a violation of a provision of this title;
(3) wilful misrepresentation or fraud by the licensee or applicant to obtain or attempt to obtain a license;
(4) misappropriation, conversion to personal use, or illegally withholding money required to be held in a fiduciary capacity by a licensee or applicant;
(5) with intent to deceive, material misrepresentation of the terms or effect of an insurance contract by a licensee or applicant;
(6) twisting in violation of AS 21.36.050 or rebating in violation of AS 21.36.100 by a licensee or applicant;
(7) conviction of a felony;
(8) the conduct of affairs under a license if the licensee exhibits conduct considered by the director to reflect incompetence or untrustworthiness, or to be a source of potential injury and loss to the public;
(9) the licensee or applicant dealing with, or attempting to deal with, or to exercise a power relative to, insurance outside the scope of the license of the licensee or applicant;
(10) a licensee or applicant engaging in or about to engage in an unfair or fraudulent insurance transaction;
(11) suspension or revocation of a license in another jurisdiction;
(12) forgery of another's name to an application for insurance by a licensee or applicant;
(13) accepting insurance business from a person not licensed as required by this title if the applicant or licensee knew or should have known that the person was unlicensed.
(b) The license of a firm and its compliance officer may be denied, nonrenewed, suspended, or revoked for a violation or cause that relates to a person representing or acting on behalf of the firm.
(a) The director may deny issuance of or not renew a license or may suspend or revoke a license issued under this chapter for any of the following:
(1) a cause for which issuance of the license or its renewal could have been denied had it then existed and been known to the director;
(2) a violation or participation in a violation of a provision of this title;
(3) wilful misrepresentation or fraud by the licensee or applicant to obtain or attempt to obtain a license;
(4) misappropriation, conversion to personal use, or illegally withholding money required to be held in a fiduciary capacity by a licensee or applicant;
(5) with intent to deceive, material misrepresentation of the terms or effect of an insurance contract by a licensee or applicant;
(6) twisting in violation of AS 21.36.050 or rebating in violation of AS 21.36.100 by a licensee or applicant;
(7) conviction of a felony;
(8) the conduct of affairs under a license if the licensee exhibits conduct considered by the director to reflect incompetence or untrustworthiness, or to be a source of potential injury and loss to the public;
(9) the licensee or applicant dealing with, or attempting to deal with, or to exercise a power relative to, insurance outside the scope of the license of the licensee or applicant;
(10) a licensee or applicant engaging in or about to engage in an unfair or fraudulent insurance transaction;
(11) suspension or revocation of a license in another jurisdiction;
(12) forgery of another's name to an application for insurance by a licensee or applicant;
(13) accepting insurance business from a person not licensed as required by this title if the applicant or licensee knew or should have known that the person was unlicensed.
(b) The license of a firm and its compliance officer may be denied, nonrenewed, suspended, or revoked for a violation or cause that relates to a person representing or acting on behalf of the firm.
Notes of Decisions
Cited in 1
case, 2000–2000 · leading case: State, Dep't of Com. & Econ. Dev., Div. of Ins. v. Schnell, 8 P.3d 351 (Alaska 2000).
State, Dep't of Com. & Econ. Dev., Div. of Ins. v. Schnell, 8 P.3d 351 (Alaska 2000). “" [13] I reach this conclusion for the reasons the court sets out in its discussion of administrative delay: in a disciplinary proceeding in a heavily regulated profession, it would be contrary to the public interest to remedy the agency's delay by allowing a violation to go…”
Alaska Stat. § 21.27.410(a): 1 case
State, Dep't of Com. & Econ. Dev., Div. of Ins. v. Schnell, 8 P.3d 351 (Alaska 2000). “" [13] I reach this conclusion for the reasons the court sets out in its discussion of administrative delay: in a disciplinary proceeding in a heavily regulated profession, it would be contrary to the public interest to remedy the agency's delay by allowing a violation to go…”
Alaska Stat. § 21.27.410(a)(7): 1 case
State, Dep't of Com. & Econ. Dev., Div. of Ins. v. Schnell, 8 P.3d 351 (Alaska 2000). “" [13] I reach this conclusion for the reasons the court sets out in its discussion of administrative delay: in a disciplinary proceeding in a heavily regulated profession, it would be contrary to the public interest to remedy the agency's delay by allowing a violation to go…”
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