Alaska § 21.27.140 - Firm licenses.
Full text of Alaska Alaska Statutes § 21.27.140 — Firm licenses., with citation guidance and answers to common questions.
§ 21.27.140. Firm licenses.
(a) A firm shall have a firm license, the scope of which includes all lines and classes of authority of each individual employee of the firm.
(b) A firm may not be licensed as an insurance producer, managing general agent, reinsurance intermediary broker, reinsurance intermediary manager, surplus lines broker, or independent adjuster, or transact insurance unless each individual employed by the firm as an insurance producer, managing general agent, surplus lines broker, trainee independent adjuster, or independent adjuster is licensed and has entered into an employment contract with the firm.
(c) If the director determines under AS 21.06.170 — 21.06.240 that a firm knew or should have known of an act or representation made on the firm's behalf by a person not licensed as required by this chapter, the firm and the firm's compliance officer are subject to the penalties provided under AS 21.27.440 .
Frequently Asked Questions About Alaska § 21.27.140
What does Alaska Statutes § 21.27.140 cover?
Section 21.27.140 ("Firm licenses.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 21.27.140?
A common citation format is "Alaska Statutes § 21.27.140" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 21.27.140 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.