Ethics and the Insurance Agent-AK 1000-ethics-and-the-insurance-agent_17

  Alaska State Requirements

Updated: 07/27/2015

Continuing Education Hours

• 24 hours every two year renewal period.

Course Subject Requirement

• 3 hours must be in ethics.
• No more than 8 hours may be in business organization, management of environment.  

Annuity Training Requirement

Before selling, soliciting, or negotiating annuity products in Alaska, producers must complete a one-time annuity training course approved for at least 4 hours. 
*Residents who have completed this training in another state with laws similar to Alaska law will be deemed compliant with this requirement.

Long-Term Care 

Initial 8-hour training requirement: Before selling, soliciting, or negotiating long-term care products in Alaska, producers must complete an initial 8-hour training course. *Residents who satisfy the training requirements of another state that are similar to Alaska's law will be deemed compliant with this requirement.

After completing the initial 8-hour LTC training requirement, producers must complete a 4 hour follow-up training course every 24-months following the initial training.

Flood Insurance

All producers also sell federal flood insurance policies must complete a one-time 3-hour course approved for National Flood Insurance Program (NFIP) training.

Continuing Education Compliance Date

All continuing education credits must be achieved by the date of the license renewal.

Individuals whose year of birth is in an odd-numbered year will renew biennially on their birth date in odd-numbered years and individuals whose year of birth is in an even-numbered year will renew biennially on their birth date in even-numbered years. Your expiration date will appear on your license.

Type of Courses Accepted for CE Credit

Licensees may complete the 24-hour CE requirement by taking courses in the subject areas of : insurance technical or product information; risk management; insurance law and regulation; mathematics, statistics, and probability; economics; business law; finance; taxation directly related to insurance products; business insurance ethics; licensee professional liability; or business organization, management, and environment, including motivation, psychology, and sales training. No more than 8 CE hours may be completed in the subject areas of business organization, management, and environment, including motivation, psychology, and sales training.

Independent self-study courses, classroom, online, or video/electronic courses.

Carryover Requirements

A maximum of 8 credit hours may be carried over to the next reporting period.

Course Repetition

Credit will not be given for courses that are repeated.

Final Exam

Self-study final exams are not required to be monitored.

Exemptions

• Nonresident Producers are not required to complete continuing education courses. 
• Any person who was licensed with this division prior to January 1, 1980.
• Any person holding a temporary license or a limited lines, retired, or travel license.
• Individuals who hold a limited lines travel insurance license.

Method to Certify Completion

You will be able to print your certificate of completion online once you have completed your exam. The course provider keeps reports of credits earned in its files for four years. The producer transfers information from the certificates of completion to Alaska's summary report form and returns the form with the rest of the license renewal materials. The producer keeps the original certificates of completion and detailed records of all CE hours claimed in his or her files for two years after the CE compliance date for which the CE credits were filed.

Licensees are required to report course completions when renewing licenses. Licensees are required to complete the Continuing Education Report Form and have it notarized prior to the license expiration date. This report form should be kept by the licensee and only given to the Alaska DOI in the even of an audit.

For Additional Information Please Contact

Alaska Department of Community & Economic Development
Division of Insurance

PO Box 110805
Juneau, AK 99811-0805

Phone: (907) 465-2515  

Fax: (907) 465-3422

Email: [email protected]

State Website: http://www.commerce.state.ak.us/ins/

Seminars & Classroom Courses

These courses are instructor led programs, usually in a live classroom setting, and do not require you to pass an exam to receive CE credit for the course. 

You must choose one of the locations listed in the options above. Please make note of the address of the seminar you choose. You will also receive an email confirmation of your enrollment, which will include the address of the seminar. You can return here to review the address if you misplace it before the class.

All of our seminars begin at 8:30 AM and end at 4:30 PM unless otherwise noted on your confirmation notice.  Please arrive at the classroom at least 10 minutes before the starting time on your confirmation notice. All students must be signed-in and seated BEFORE the official class start-time. If you arrive late, please DO NOT interrupt the class in session. You can talk to the instructor at the first break regarding the possibility of obtaining credit for the class or rescheduling for another date. Remember, these classes fill up quickly, and there is usually little or no room for agents who arrive at the last minute without registering in advance.

Cell phones must be turned off during the entire duration of the seminar. You will have time to return messages and make calls during breaks and at lunch. 

During the class, you must not have any materials on your desk except the textbook or handout provided by the instructor. By law, students who are reading other materials, talking to other students, sleeping, or otherwise not participating in the learning experience are not allowed to receive CE credit!

Absolutely no recruiting or marketing for products, services, employment or any other activity is allowed at any time during the seminar - including during breaks and lunch. Students caught doing this may be asked to leave immediately and will NOT receive a refund.

CA PARTNERSHIP CLASS REFUND POLICY:

Due to the fact that we must pre-pay for locations, teachers, materials and shipping there is a 10-day cancellation or refund policy for classroom courses. If you find you need to cancel a classroom course you may either:

1. Request a refund with our refund request form no later than 10 days from the class date: www.kruise.com/refund.pdf
2. If you're inside the 10 day window you can move to a later class on our calendar or call and have us hold your payment for another time.
3. If you request a refund after we've already shipped your materials to the class you will most likley not be able to receive a full refund.

If you have received a CE voucher from an insurance company or wholesaler, you can redeem it by following these instructions. 

• Choose your course format - see "course format" tab for more details or click "learn more" above options.
• Click on the red "buy" button to proceed to checkout.
• Be sure to enter your Voucher Code when checking out to apply your discount.
• You will be able to download the study materials immediately by clicking the red "Download Course" on your receipt. It will also be emailed to you and will be available for one year in your customer account.
• You will also be provided with a link and information to access the exam.

Your voucher covers an online book, online exam, grading and one CE certificate for insurance. It DOES NOT INCLUDE printed books, printed exams, state fees or CE certificate(s) or reporting for additional designations or types of CE, although they are available as options for additional charge. 

If you choose printed books or exams, you will be charged the balance due during checkout.

If your state charges a fee to report your credit, this fee is due from you. When you check-out, you must pay this fee in order to access the course and obtain CE credit.

After you pass your exam, you will be able to purchase CE certificates for professional designations such as CFP, CPE, etc. you will be charged $10 for each one. Please DO NOT order these additional certificates unless you currently hold that professional designation. There are NO REFUNDS for additional certificates ordered and not needed.

Optional PACE or CFP Credit

Many of our Insurance CE courses are also approved for CE credit for agents who hold professional designations such as CLU, ChFC, CFP. The type of CE credit and number of hours approved are listed above in the course description.

If you hold a professional designation you may request a certificate for courses taken and exams passed for insurance CE credit. If you pass and exam and would like to get additional credit for one of these designations, please use the link to the left: "CFP & PACE Credit".

If you do not hold a professional designation and do not need any type of CE other than for your insurance license renewal, please do not order a PACE or CFP certificate. It will not benefit you and once ordered, there are no refunds!

There are no refunds for certificates ordered by mistake!

System Requirements: All major browsers can be used to complete our courses.  This includes Internet Explorer 11.x or higher, Microsoft Edge 20 or higher, Firefox version 51 or higher, Apple Safari version 10.x or higher, and Google Chrome, version 56 or higher.

Desktops, Laptops, Tablets, and most Smartphones are also supported.

This course automatically includes a downloadable textbook and/or other course materials which you may print if you desire. When you are finished studying your course, the exam is taken online and it is graded immediately.  In most states you can also print your own certificate of completion, if you pass. There is no additional charge if you complete your course and exam completely online. 

If your state requires monitored exams, you must have your monitor sign-in and follow the monitor instructions BEFORE you begin the exam.  See the State Information tab, Monitor tab and Help Center for more information.