Alaska Effective January 1, 2026, Alaska has clarified licensing requirements for both third-party administrators (TPAs) and pharmacy benefits managers (PBMs). These updates apply to both resident and nonresident entities. Additionally, the state has revised licensing fees for these classes and updated the “Health” line of authority to now read: “Accidental and Health or Sickness.”
Alaska must license an individual or legal business entity before transacting business in Alaska with Alaska residents, or concerning a subject either located in or to be performed in Alaska. Alaska requires a license to act as:
- Insurance Producer;
- Managing General Agent;
- Reinsurance Intermediary;
- Independent Adjuster;
- Surplus Lines Broker;
- Third-Party Administrator;
- Pharmacy Benefits Manager
License Class - Third Party Administrator
Current Fee - $300
New Fee - $2,000.00
License Class - Pharmacy Benefits Manager
Current Fee - $300
New Fee - $20,000.00
Continuing Education Note:
Nonresident licensees are generally exempt from Alaska’s continuing education (CE) requirements, except for nonresident independent adjusters who designate Alaska as their home state.
Please see the attachment for more information
