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Alaska insurance laws

Insurance regulations, rate filing requirements, department info, and recent bulletins for Alaska. Updated Mar 31, 2026.

Department of Insurance

DepartmentDivision of Insurance, Department of Commerce, Community, & Economic Development
CommissionerHeather Carpenter
Rate Filing SystemFile & Use
Regulatory CodeAlaska Statutes Title 21 (AS 21.03-21.97)
Overview

Alaska operates a balanced regulatory environment with file-and-use rate filing for most insurance products while maintaining prior approval for certain changes. The Division of Insurance enforces consumer protections under Title 21, handles licensing and compliance oversight, and provides market conduct examinations. Alaska has adopted modern standards including data security requirements (effective 2025) and pharmacy benefit manager regulation.

Auto Insurance

Min Pd$25,000
Pip MinN/A
StatuteAS 28.22 (Motor Vehicle Financial Responsibility Act); AS 21.89 (Motor Vehicle Insurance)
Fault SystemTort (At-Fault)
Min Bi Per Person$50,000
Uninsured Penalty$500 fine, 90-day license suspension
Min Bi Per Accident$100,000
Sr22 Duration Years5 years (1st DUI), 10 years (2nd DUI), 20 years (3rd DUI), Life (4th+ DUI)
Noncompliance PenaltyInsurers face penalties up to $2,500 per violation under AS 21.36.910; willful violations may result in license suspension or revocation
Rate Filing RequirementFile & Use with 30-day waiting period for auto insurance rates under AS 21.39.041
Avg Full Coverage Premium$1,136

Notable Laws

  • AS 28.22.011 - Mandatory motor vehicle liability insurance requirement for all registered vehicles
  • AS 28.22.201 - Combined UM/UIM coverage required but may be rejected in writing by insured; $250 deductible on property damage
  • AS 28.22.019 - Proof of insurance must be in immediate possession; mobile electronic device display permitted
  • AS 21.89.020 - Motor vehicle insurance must include specific minimum coverage amounts
  • AS 28.15.181 - Lifetime SR-22 requirement for fourth DUI conviction or unsatisfied judgment

Homeowners Insurance

StatuteAS 21.96 (Miscellaneous Provisions); 3 AAC 29 (Property and Casualty Insurance Regulations)
Wind PoolNone
Fair Plan NameN/A
Noncompliance PenaltyPenalties up to $2,500 per violation for unfair claims practices under AS 21.36.910
Rate Filing RequirementFile & Use system; rates effective after 30-day waiting period unless director objects

Notable Laws

  • AS 21.36.460 - Credit history and insurance scores may be used for underwriting and rating in combination with other factors
  • AS 21.96.035 - Mandatory appraisal process for disputes over property loss valuation
  • 3 AAC 29.355 - Cancellation requires 10 days notice for nonpayment, 30 days for other reasons after 60 days in effect
  • AS 21.36.125 - Insurers must promptly acknowledge communications and reasonably investigate claims
  • AS 21.96.050 - Insurers must report suspected arson to fire marshal and cooperate in investigations

Recent Bulletins

Eligible Surplus Lines Insurers in the State of Alaska

#B26-012026-02-05Effective: 2026-02-05

Updates the white list of eligible surplus lines insurers authorized to operate in Alaska. Clarifies eligibility requirements under NRRA, establishes two statuses (White Listed for foreign companies and Listing Approved for alien companies), and notes alien insurers on NAIC Quarterly Listing are automatically eligible. Supersedes Bulletin B25-06.

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Fair Treatment to Consumers Following the 2025 Storm Impacting the West Coast of Alaska

#B25-082025-01-23

Directs insurers to suspend policy cancellations and nonrenewals for Western Alaska storm victims until November 30, 2025. Requires health insurers to suspend out-of-network penalties for prescriptions through October 31, 2025, allow 90-day medication supplies, and cover retail pharmacy costs. Supersedes B25-07.

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Insurer Employee Identification in Grievance Communications; Registered Independent Review Organizations

#B25-052025-01-23

Allows health insurers to withhold full employee names in grievance communications for safety reasons, permitting use of first name and last initial or alphanumeric identifiers. Insurers must maintain internal tracking and provide full names to Division upon request. Temporary measure expiring January 24, 2026.

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Withdrawal of B24-07 - Depreciation of Labor

#B25-032025-01-23Effective: 2025-01-24

Withdraws Bulletin B24-07 regarding depreciation of labor in property and casualty insurance claims, effective January 24, 2025.

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Alaska Insurance Data Security Law

#B24-112024-12-19Effective: 2025-01-01

Provides guidance on SB 134 establishing data security standards for insurance licensees. Requires risk assessments, written Information Security Programs with administrative/technical/physical safeguards, incident response plans, and annual compliance certifications starting February 15, 2026. Cybersecurity breaches affecting 250+ Alaskans must be reported within 3 business days.

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Recent Law Changes

SB 1322025Omnibus Insurance

Comprehensive Insurance Reform Act

Omnibus insurance bill making numerous updates to Alaska insurance laws including modernizing licensing requirements for PBMs and TPAs, updating procedures for rate filings, enhancing regulatory oversight, and aligning with national standards. Eliminates TPA licensing exemptions and expands Division authority.

Affects all insurance licensees, PBMs, TPAs, and insurers doing business in Alaska by requiring updated registration, filings, and compliance with new procedures.

Effective: 2026-01-01

SB 1332025Health Insurance

Prior Authorization Reform

Establishes strict timelines for health insurers to respond to prior authorization requests. Requires insurers to notify patients within 72 hours for urgent care and 15 days for non-urgent care. Mandates streamlined prior authorization processes and API integration for electronic submissions by 2027.

Affects health insurers and healthcare providers by requiring faster prior authorization decisions and improved communication systems, reducing delays in patient care.

Effective: 2026-01-01

SB 1342024Data Security

Alaska Insurance Data Security Law

Establishes comprehensive data security standards for all insurance licensees based on NAIC model. Requires risk assessments, written Information Security Programs, incident response plans, board oversight, and annual certifications. Mandates notification to Division within 3 business days for cybersecurity events affecting 250+ Alaskans.

Affects all insurance licensees by requiring implementation of cybersecurity programs, annual compliance certifications starting 2026, and breach notification protocols.

Effective: 2025-01-01

HB 2262024Health Insurance

Pharmacy Benefit Manager Registration and Regulation

Requires all pharmacy benefit managers operating in Alaska to register with the Division of Insurance. Establishes registration requirements including organizational documents, financial statements, business plans, and registration fees. Provides enhanced regulatory oversight of PBM practices and establishes consumer protection standards.

Affects pharmacy benefit managers by requiring state registration, extensive documentation, and compliance with Alaska insurance regulations for PBM operations.

Effective: 2025-01-01

SB 1472024Workers Compensation

Workers' Compensation Reemployment Benefits and Stay-at-Work Program

Establishes workers' compensation stay-at-work program to help injured workers remain employed during recovery. Extends time period for requesting reemployment eligibility evaluations from 60-89 days to 60-120 days. Includes provisions for reemployment plans with benefits extending up to 2 years from plan approval.

Affects employers and injured workers by creating new stay-at-work programs and expanding reemployment benefits to facilitate return to work and reduce disability duration.

Effective: 2024-07-11

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