Key Takeaways
- The Alaska Division of Insurance regulates all insurance activities under Title 21 of the Alaska Statutes
- The Director of Insurance is APPOINTED by the Commissioner of Commerce, Community, and Economic Development
- Alaska does NOT require pre-license education for insurance licenses
- Insurance law is found in Title 21 of the Alaska Statutes
- The Division handles licensing, rate review, consumer protection, and market conduct
Last updated: January 2026
Alaska Division of Insurance
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The Alaska Division of Insurance is the state agency responsible for regulating the insurance industry in Alaska, operating under the Department of Commerce, Community, and Economic Development.
The Director of Insurance
The Alaska Director of Insurance is:
| Detail | Information |
|---|---|
| Selection Method | APPOINTED by the Commissioner of Commerce |
| Reports To | Commissioner of Commerce, Community, and Economic Development |
| Term | Serves at pleasure of Commissioner |
| Agency | Division of Insurance |
Exam Tip: Remember that Alaska's Director of Insurance is APPOINTED by the Commissioner of Commerce, Community, and Economic Development - not elected and not appointed directly by the Governor.
Director Powers and Duties
The Director has authority to:
| Power | Description |
|---|---|
| Licensing | Issue, suspend, and revoke producer licenses |
| Rulemaking | Adopt regulations interpreting Title 21 |
| Enforcement | Investigate and prosecute violations |
| Rate Review | Review and approve insurance rates |
| Consumer Protection | Handle complaints and protect policyholders |
Alaska Division of Insurance
The Division is responsible for:
- Licensing insurance producers, adjusters, and companies
- Regulating insurance rates and forms
- Protecting consumers and handling complaints
- Conducting market conduct examinations
- Enforcing insurance laws and regulations
- Monitoring insurer solvency
Division Functions
| Function | Description |
|---|---|
| Licensing | Issues and renews producer licenses |
| Rate Review | Reviews and approves insurance rates |
| Consumer Services | Handles complaints and inquiries |
| Examinations | Conducts market conduct exams |
| Enforcement | Investigates violations |
Alaska Insurance Code (Title 21)
Alaska insurance law is found in Title 21 of the Alaska Statutes, which contains:
Key Chapters
| Chapter | Subject |
|---|---|
| AS 21.09 | Licensing of Producers |
| AS 21.27 | Trade Practices and Fraud |
| AS 21.36 | Life Insurance |
| AS 21.51 | Health Insurance |
The Alaska Insurance Code covers:
- Licensing requirements for producers and insurers
- Policy standards and required provisions
- Consumer protections and disclosure requirements
- Prohibited practices and penalties
Contact Information
- Division Main Phone: (907) 269-7900
- Consumer Services: (800) 467-8725 (in-state)
- Licensing: (907) 269-7900
- Website: commerce.alaska.gov/web/ins
- Address: 550 West 7th Avenue, Suite 1560, Anchorage, AK 99501
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Test Your Knowledge
How is the Alaska Director of Insurance selected?
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Test Your Knowledge
Which Alaska Statutes title contains insurance law?
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Test Your Knowledge
Which agency regulates insurance in Alaska?
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