Sec. 21.27.530. Insurance producer qualifications.
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Sec. 21.27.530. Insurance producer qualifications.
In addition to the general qualifications under AS 21.27.020 , to qualify for issuance or renewal of an insurance producer license, an applicant or licensee
(1)must possess the competence necessary to fulfill the responsibilities of an insurance producer;
(2)if previously licensed in good standing in this state as an insurance producer, must not have had a license suspended or revoked within the previous four calendar years;
(3)for a license with a scope that includes variable contracts, must either be currently registered with the federal Securities and Exchange Commission as a broker-dealer or personally take and pass, to the satisfaction of the director, tests of the knowledge and competence of the applicant concerning securities.