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) 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) 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 .
Section: Previous 21.27.050 21.27.060 21.27.070 21.27.080 21.27.090 21.27.100 21.27.110 21.27.115 21.27.120 21.27.130 21.27.140 21.27.150 21.27.152 21.27.160 21.27.170 NextLast modified: November 15, 2016