Sec. 21.27.115. Lines of authority.
211 words·~1 min read·
/ak/title-21/chapter-27/21-27-115A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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(8)[Repealed, § 66 ch 41 SLA 2016.]
(9)[Repealed, § 66 ch 41 SLA 2016.]
(10)any insurance for which a limited lines license may be issued under AS 21.27.150 .