Sec. 21.27.130. Form and content of licenses.

144 words·~1 min read·/ak/title-21/chapter-27/21-27-130

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A license must be in the form the director prescribes and must set out

(1)the name and address of the licensee and, if the licensee is required to have a place of business, the physical address of the place of business;

(2)the type, class, and lines of authority the licensee is licensed to handle;

(3)the effective date and expiration date of the license;

(4)each condition, if any, under which the license is granted;

(5)the date of issuance of the license;

(6)each fictitious name and alias under which the licensee may do business; and

(7)other information required by the director.

(b)A license issued by the director does not in itself create any authority, actual, apparent, or inherent, in the holder of the license to represent or commit an insurer.