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Digital asset business insurance in Alaska

In Alaska, check both how virtual-currency activity fits the money-services licensing rules and whether a customer-facing kiosk is operating under the new kiosk provisions. A kiosk operator must hold a money-transmission license and register each Alaska location for prior approval under legislation effective October 1, 2026. For an upcoming placement, schedule each kiosk, wallet flow, and operating entity; that licensing rule does not insure token value or customer balances. 1,3

What Is Digital Assets?

Digital-asset coverage may address custody, theft and business-liability risks, but a custodian’s policy may protect the custodian rather than you. If you hold or safeguard assets, verify the insured entity, wallets, key-loss protection and valuation. Read the national Digital assets guide.

Alaska Requirements

RequirementDetails
Classify the virtual-currency serviceAlaska’s money-services framework treats virtual-currency activity as potentially regulated transmission; confirm the exact activity, Alaska customer/location nexus, and any exemption with the Division of Banking and Securities. 1,2
Plan for the kiosk effective dateEffective October 1, 2026, Alaska SB 249 requires an operator to hold a money-transmission license to engage in or hold itself out as able to engage in kiosk transactions with or for another person, and to obtain department registration and prior approval for an in-state kiosk location. 3

What to Watch for in Alaska

  • Review the October 1 kiosk change before renewal

    The new law takes effect three days after this guide’s September 28, 2026 review date. A kiosk operator should confirm license status, each location’s approval, quarterly reporting, wallet addresses and transaction records before operating under the new provisions; do not apply this kiosk rule to every software or token business. 3

  • Include third-party control arrangements

    Alaska’s licensing materials ask applicants to account for virtual-currency transactions and Alaska customers, while the statute recognizes a virtual-currency control-services vendor. Give the broker the custody diagram, contractual allocation, hot/cold wallet controls, and incident response roles so quotes identify the actual insured service and vendors. 2,3

  • A license or financial security is not token insurance

    Do not infer that a regulator’s license, bond, or permissible-investment requirement protects a customer against lost keys, a compromised wallet, a failed transfer, or a decline in market price. Check the policy’s insured property, insured entities, custody agreement and valuation terms. 1

Who Regulates Insurance in Alaska

Alaska Division of Insurance

The Alaska Division of Insurance regulates insurers and insurance licensees, provides company and licensee searches, and investigates insurance complaints within its authority. Its consumer-services section handles disputes involving claims, cancellations, premium refunds, agents, and insurers. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 2.7% of gross premium less returns plus 1% filing fee; wet marine: 0.75%, no fee For covered property and casualty surplus-lines risks, Alaska lists a 2.7% tax and a separate 1% filing fee on gross premium less returned premium. Qualifying wet-marine and transportation policies instead carry a 0.75% tax on gross premium and no filing fee; risks of state or local government and certain interstate aircraft are exempt from both tax and fee. A multistate placement is regulated under the insured’s home-state rules, and Alaska says to evaluate each policy’s home state separately. 8,7,9,10

  • Alaska has a placement-list exception: If a risk appears on Alaska’s surplus-lines placement list, the Division says the broker does not have to canvass admitted insurers for declinations before placement; the broker must document the applicable list entry. 7
  • Alaska has limited tax and search exceptions: The Division says qualifying wet-marine and transportation policies need no diligent search and pay no 1% filing fee. Tax and filing fees also do not apply to state or political-subdivision risks or qualifying interstate aircraft, although other placement requirements remain. 11

Providers With Documented State Licenses

No provider in Spot’s research documents both a state license record and this coverage line. This does not establish that providers are unlicensed. Check the regulator’s license lookup and confirm availability with a provider when requesting a quote.

Questions to Ask Before You Buy in Alaska

  1. Which entity has legal or technical control of each wallet, including any virtual-currency control-services vendor?
  2. Are all Alaska kiosk addresses and legal operators scheduled, with the October 1, 2026 licensing and prior-location-approval change addressed?
  3. How do crime, cyber, and E&O wording allocate key theft, unauthorized transfers, delayed delivery, and customer refund disputes?
  4. Does any policy cover customer property in custody, or only the operator’s own systems and liability?

Digital Assets in Alaska: FAQ

When do Alaska’s new virtual-currency kiosk provisions take effect? 3

SB 249 states that the Act takes effect October 1, 2026. Its new AS 06.55.120 requires a money-transmission license for the defined kiosk activity and department registration and prior approval for a kiosk location in Alaska. 3

Does being licensed make a customer whole if a custodian loses tokens? 1,3

No. Licensing governs regulated business activity. A customer’s contractual claim, the custodian’s ability to pay, and any insurance response are separate questions; review the policy and custody terms directly. 1,3

Digital Assets in Other States

Other Coverage in Alaska

Sources

  1. Final amendments to 3 AAC 13, Money Services. Alaska Department of Commerce, Community, and Economic Development; Final regulation amendments to 3 AAC 13.005, .006, and .810; effective January 1, 2023; virtual-currency transmission and permissible investment provisions. Accessed 2026-09-28.
  2. Alaska Money Services Business Affidavit. Alaska Division of Banking and Securities; June 2024 affidavit, pp. 1–2; applicant representations, virtual-currency transaction review since January 1, 2023, and Alaska customer records. Accessed 2026-09-28.
  3. HCS CSSB 249 (L&C), Virtual Currency Kiosks. Alaska Legislature; AS 06.55.120–.195, including operator licensing, location registration/prior approval, and reports; §6 effective October 1, 2026. Accessed 2026-09-28.
  4. Division of Insurance. Alaska Department of Commerce, Community, and Economic Development; Official Division homepage; publishes general contact number (907) 269-7900 and qualifies 1-800-INSURAK for callers in state outside Anchorage. Accessed 2026-09-28.
  5. Research a Company or Agent. Alaska Division of Insurance; Company and licensee search for entities licensed in Alaska. Accessed 2026-09-28.
  6. Complaints. Alaska Division of Insurance; Official complaint filing instructions and matters the Division can investigate. Accessed 2026-09-28.
  7. Surplus Lines. Alaska Division of Insurance; Current surplus-lines guidance on tax reporting, placement-list diligent-search exception, and required policyholder notice. Accessed 2026-09-28.
  8. Alaska Statutes, Chapter 21.34: Surplus Lines Insurance. Alaska Legislature; AS 21.34.180/.190 rates; the Division's accessible current Surplus Lines FAQ reproduces the wet-marine and public-risk exceptions and filing-fee treatment. Accessed 2026-09-28.
  9. Bulletin B 12-05: Alaska Policyholder Notice. Alaska Division of Insurance; Required nonadmitted-insurer notice says claims are not covered by the Alaska Insurance Guaranty Association Act. Accessed 2026-09-28.
  10. 15 U.S.C. § 8202: Regulation of nonadmitted insurance by insured's home State. U.S. House of Representatives, Office of the Law Revision Counsel; § 8202(a): nonadmitted placement is subject solely to insured's home-State requirements, except as otherwise provided; § 8201 addresses exclusive home-State tax authority. Accessed 2026-09-28.
  11. Surplus Lines. Alaska Division of Insurance; Full current FAQ: rates, wet marine tax/fee/search exceptions, government and qualifying aircraft tax/fee exceptions, home-state determination, and placement-list search rules (lines 92–159). Accessed 2026-09-28.
  12. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  13. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  14. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  15. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  16. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  17. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  18. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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