Alaska Insurance Adjuster – 3 Steps to Become a Licensed AK Adjuster

April 21st, 2022 by admin Leave a reply »

Alaska residents interested in becoming an independent claims adjuster working catastrophic claims across the country should strongly consider first obtaining their resident Alaska adjuster license. Non-residents interested in working claims in Alaska may be required to obtain this license before being allowed an assignment. There is an exam required and a stipulation regarding experience. Follow these 3 steps to obtain and maintain your adjuster license in Alaska.

Step 1) Know the Requirements

Experience is a fundamental requirement for the Alaska adjuster license. The license requires 6 months of experience within the past two years, but not necessarily restricted to adjusting experience. Rather, work in the insurance field, if related to adjusting, may also count towards the experience requirement. The Alaska Department of Insurance lists six positions that qualify as relevant experience for the adjuster license:

1. Independent adjuster 2. Independent adjuster trainee 3. Insurance producer 4. Managing general agent 5. Reinsurance intermediary manager or broker 6. Underwriter or claims adjuster employee of an insurer

Once you have met the experience requirement and submit the proper application materials, you will be eligible for an Alaska adjuster license.

Step 2) Obtain the Alaska Adjuster License

The licensing process depends upon residency and current licensure. If you are a resident of Alaska or a non-resident without a license in your home state, you will need to take the Alaska examination. Submit your exam results with Form 8-240, an application fee (varying between $25 and $50 based on when you apply), a fingerprint card, and a fingerprint-processing fee of $54.25. These five submissions constitute a complete application. If you are a non-resident and you do hold an adjuster license in your home state, then you only need to submit Form 8-240 and an application fee (varying between $50 and $100 based on when you apply).

Step 3) Maintain Your Alaska License

The Alaska adjuster license expires every two years on the licensee’s birthday. Resident licensees, as well as those without a license in their home state, must complete 24 hours of continuing education every two years in order to maintain their Alaska license. Non-residents, however, do not need to complete any continuing education, as long as they comply with their home state’s CE requirements. The renewal application is available online, and should be submitted along with the renewal fee.

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