# Alaska Stat. § 21.27.030: Controlled business disqualification

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.030

## Section

- **Citation:** Alaska Stat. § 21.27.030
- **Heading:** Controlled business disqualification
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 21 / Chapter 21.27 / Section 21.27.030

## Text

(a) The director may not issue an insurance producer, a managing general agent, or a surplus lines broker license to a person if the director has reasonable cause to believe that the applicant for the license would, during the 12-month period immediately following issuance of the license, earn or receive an aggregate amount in commission, service fees, brokerage, or other valuable consideration, directly or indirectly, by whatever name called, represented by the controlled business that exceeds 50 percent of the aggregate amount of compensation, commission, service fees, brokerage, or other valuable consideration represented by all other insurance business that would be procured by or through the applicant.

(b) The vendor who is title holder of property being sold under an installment purchase contract is not considered to be the owner of the property for the purposes of this section.

(c) A licensee may not earn or receive an aggregate amount in commission, service fees, brokerage, or other valuable consideration, directly or indirectly, by whatever name called, represented by the controlled business that exceeds 50 percent of the aggregate amount in compensation, commission, service fees, brokerage, or other valuable consideration represented by all other insurance business in a calendar year.

(d) In addition to any other penalty provided by law, a person who violates this section is subject to the penalties provided under AS 21.27.440 .

(e) “Controlled business” means insurance procured or to be procured by or through the person upon (1) the life, person, or property of the person or those of the person's spouse or relatives by blood or marriage to the second degree;

(2) the life, person, or property of the employer or firm of the person, or of an officer, director, stockholder, or member of the employer or firm of the person, other than members of mutual insurers, or of a spouse of the employer, officer, director, stockholder, or member;

(3) the life, person, or property of the ward or employees of the person, or upon persons or property under the person's supervision or control as trustee under an indenture or decree, or as administrator or executor of an estate.

## Nearby sections

- [Alaska Stat. § 21.27.010 License required.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.010.md)
- [Alaska Stat. § 21.27.020 General qualifications for license.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.020.md)
- [Alaska Stat. § 21.27.025 Required notice of licensee.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.025.md)
- [Alaska Stat. § 21.27.030 Controlled business disqualification.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.030.md)
- [Alaska Stat. § 21.27.040 Application for license.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.040.md)
- [Alaska Stat. § 21.27.060 Examination of applicants and licensees.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.060.md)
- [Alaska Stat. § 21.27.080 Examinations.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.080.md)
- [Alaska Stat. § 21.27.100 Appointment of insurance producer, managing general agent, and reinsurance intermediary manager; acts of agent.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.100.md)
- [Alaska Stat. § 21.27.110 Term of appointment.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.110.md)
- [Alaska Stat. § 21.27.115 Lines of authority.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.115.md)
- [Alaska Stat. § 21.27.130 Form and content of licenses.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.130.md)
- [Alaska Stat. § 21.27.140 Firm licenses.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.140.md)
- [Alaska Stat. § 21.27.150 Limited licenses.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.150.md)
- [Alaska Stat. § 21.27.152 Travel insurance.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.152.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.27_S21.27.030. Check the current official text before relying on it. Not legal advice.