The Alaska Division of Insurance is a state agency headed by the Director of Insurance. There are two offices: the Juneau office, located on the 9th floor of the State Office Building, and the Anchorage office, located on the 15th floor of the Atwood Building.
The most important function of the division is consumer protection, which includes oversight of the financial conditions of insurance companies.
Alaska participates in a state-based national insurance regulatory framework designed to protect policyholders and to serve the greater public interest through the effective regulation of the US insurance marketplace.
Through the National Association of Insurance Commissioners (NAIC), state insurance regulators establish national standards and best practices, conduct peer reviews, and coordinate their regulatory oversight to better protect the interests of consumers while ensuring a strong, viable insurance marketplace.
U.S. insurance regulators also participate in the International Association of Insurance Supervisors (IAIS) along with the NAIC by participating in major standard setting initiatives, including working with fellow regulators from around the world to better supervise cross-border insurers, identifying systemic risk in the insurance sector, and creating international best practices.