Notice Regarding Changes in Licensing Processes and Fees

Department of Commerce, Community, and Economic Development DIVISION OF INSURANCE 550 West Seventh Avenue, Suite 1560 Anchorage, AK 99501-3567 Main: 907.269.7900 Fax: 907.269.7910 BULLETIN B 21-07 TO: ALL INSURERS, RESIDENT AND NONRESIDENT LICENSEES AUTHORIZED TO TRANSACT INSURANCE IN THE STATE OF ALASKA AND OTHER INTERESTED PARTIES RE: NOTICE REGARDING CHANGES IN LICENSING PROCESSES AND FEES The division is continuing its efforts to update requirements that bring Alaska into greater conformity with national licensing standards and to streamline processes to be more efficient. This bulletin provides notice of changes regarding electronic filings. Electronic Filings through the National Insurance Producer Registry (NIPR) Effective immediately, the division will now accept electronic address change amendments for business entities through www.nipr.com or through one of its Authorized Business Partners. Electronic address amendment filings will be approved within 24-48 hours of submission once all application requirements have been received. Business entities may fill out a Contact Change Request (CCR) application through NIPR. The contact information that may be updated by CCR includes the following fields:  Business Address  Business Email  Business Phone Number  Business Fax  Mailing Address Unless the licensee is moving to or from Alaska, if a paper address change form is submitted, there will be an additional $50 paper processing fee. Licensees moving to and from Alaska will not be able to update the residency change through NIPR and will need to submit a paper Change Form with the division. This change is effective January 1, 2022 and is made pursuant to 3 AAC 31.060. Dated November ___, 2021 ___________________________ Lori Wing-Heier Director 15