{"data":{"id":"us-ak/as-21.27.410","jurisdiction":"us-ak","citation":"AS 21.27.410","heading":"Denial, nonrenewal, suspension, or revocation of licenses.","body":"(a) The director may deny issuance of or not renew a license or may suspend or revoke a license issued under this chapter for any of the following:\n(1) a cause for which issuance of the license or its renewal could have been denied had it then existed and been known to the director;\n(2) a violation or participation in a violation of a provision of this title;\n(3) wilful misrepresentation or fraud by the licensee or applicant to obtain or attempt to obtain a license;\n(4) misappropriation, conversion to personal use, or illegally withholding money required to be held in a fiduciary capacity by a licensee or applicant;\n(5) with intent to deceive, material misrepresentation of the terms or effect of an insurance contract by a licensee or applicant;\n(6) twisting in violation of AS 21.36.050 or rebating in violation of AS 21.36.100 by a licensee or applicant;\n(7) conviction of a felony;\n(8) the conduct of affairs under a license if the licensee exhibits conduct considered by the director to reflect incompetence or untrustworthiness, or to be a source of potential injury and loss to the public;\n(9) the licensee or applicant dealing with, or attempting to deal with, or to exercise a power relative to, insurance outside the scope of the license of the licensee or applicant;\n(10) a licensee or applicant engaging in or about to engage in an unfair or fraudulent insurance transaction;\n(11) suspension or revocation of a license in another jurisdiction;\n(12) forgery of another's name to an application for insurance by a licensee or applicant;\n(13) accepting insurance business from a person not licensed as required by this title if the applicant or licensee knew or should have known that the person was unlicensed.\n(b) The license of a firm and its compliance officer may be denied, nonrenewed, suspended, or revoked for a violation or cause that relates to a person representing or acting on behalf of the firm.","path":["Title 21. Insurance.","Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.27.410","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"74d8ce9661aab4822a0966d6360b2fec21fa2887fcee05e8f50c7d010bf1680e","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.27.405","next":"us-ak/as-21.27.420"},"notice":"GroundRules: Original legal text. Not legal advice."}