Firm licenses. — Alaska Code § 21.27.140
Alaska Code § 21.27.140 — Firm licenses.. Reproduced from the official Alaska Statutes, with a citation summary, verification link, and related provisions.
§ 21.27.140. Firm licenses.
(a) A firm shall have a firm license, the scope of which includes all lines and classes of authority of each individual employee of the firm.
(b) A firm may not be licensed as an insurance producer, managing general agent, reinsurance intermediary broker, reinsurance intermediary manager, surplus lines broker, or independent adjuster, or transact insurance unless each individual employed by the firm as an insurance producer, managing general agent, surplus lines broker, trainee independent adjuster, or independent adjuster is licensed and has entered into an employment contract with the firm.
(c) If the director determines under AS 21.06.170 — 21.06.240 that a firm knew or should have known of an act or representation made on the firm's behalf by a person not licensed as required by this chapter, the firm and the firm's compliance officer are subject to the penalties provided under AS 21.27.440 .
Source: official Alaska text · Last verified 2026-08-27
At a glance
- Citation: Alaska Statutes § 21.27.140
- Jurisdiction: Alaska
- Code: Alaska Statutes
- Subject: Firm licenses.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Alaska Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Alaska attorney.
Common questions
What is the source of Alaska Statutes § 21.27.140?
The text above is transcribed from the Alaska Statutes, the codified statutes of Alaska. The official publisher link appears under "Verify the text" on this page.
What subject does Alaska Statutes § 21.27.140 address?
It addresses "Firm licenses.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Alaska Statutes § 21.27.140 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Alaska source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Alaska law to your facts requires a licensed Alaska attorney who can review the specifics.