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Alaska Fidelity Bonds for Health Maintenance Organizations

Alaska’s Division of Insurance currently routes HMO applicants to its HMO application materials, whose instructions list a $100,000 employee-and-officer fidelity bond under AS 21.86.050. The linked instructions are marked revised August 10, 2007, so an HMO should confirm with the Division whether a later amount or filing form applies before relying on that figure. 1,2

What Is Fidelity Bonds?

Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest. Read the national Fidelity bonds guide.

Alaska Requirements

RequirementDetails
Current regulator checklistThe Division’s HMO certificate-of-authority instructions list a $100,000 minimum fidelity bond for employees and officers and cite AS 21.86.050. The linked form is marked revised August 10, 2007; confirm the current filing requirement with the Division. 1,2

What to Watch for in Alaska

  • Confirm the current amount before placing coverage

    The Division’s current Admissions page still lists an HMO application route, and its linked instructions specify a $100,000 employee-and-officer fidelity bond. The PDF itself is marked revised August 10, 2007. Ask the Division whether that minimum or any form conditions have changed before treating it as today’s complete requirement. 1,2

  • Map the covered people and money-handling roles

    The Alaska filing is directed to HMO employees and officers. Ask whether the proposed bond also addresses the people who collect, disburse, invest, or control HMO funds, and whether separate endorsements are needed for contractors or service providers; the application checklist does not describe policy wording. 2

  • Do not confuse the HMO filing with broader company crime insurance

    An HMO’s regulatory bond filing does not by itself answer whether the HMO can recover its own cash, securities, or other property after employee fraud. Ask the insurer to identify the insured entity, covered property, trigger, discovery/reporting period, and deductible in the actual form. 2

  • Review private benefit-plan assets on their own terms

    If the HMO or an employer client sponsors a private ERISA plan and people handle plan assets, apply the separate federal plan-official bonding test. A state HMO filing does not establish that an ERISA plan or its property is insured. 3

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

These providers publish a national listing for Fidelity bonds; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Alaska. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 17
  • VouchVouch Specialty Insurance Services, LLCInsurance producer, Surplus-lines broker · checked 2026-09-28Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. 18

Questions to Ask Before You Buy in Alaska

  1. Does the Division still require the $100,000 amount in the currently linked 2007 HMO instructions, or has it prescribed another amount or form?
  2. Who is covered under the HMO bond: employees and officers only, or also contractors and other handlers of HMO money?
  3. Does the quote reimburse the HMO itself for dishonest loss of its funds and property, and what are the discovery and cancellation terms?
  4. Does any separate ERISA plan hold plan assets, and who will arrange bonding for the people handling those assets?

Fidelity Bonds in Alaska: FAQ

Is $100,000 confirmed as Alaska’s current HMO minimum? 1,2

The Division’s currently linked application instructions list $100,000 and cite AS 21.86.050, but the PDF is dated August 10, 2007. Confirm the live filing amount with the Division before setting the bond. 1,2

Does an HMO bond automatically cover an employer’s ERISA plan? 3

No such conclusion follows from the HMO application checklist. ERISA Section 412 separately addresses plan officials who handle plan assets and contains specific exceptions. 3

Fidelity Bonds in Other States

Other Coverage in Alaska

Sources

  1. Company Admissions. Alaska Division of Insurance; Other Applications list: Health Maintenance Organization; accessed September 28, 2026. Accessed 2026-09-28.
  2. Health Maintenance Organization Certificate of Authority Application Instructions, Form 08-251(HMO). Alaska Division of Insurance; Items 1 and 17; $100,000 employee/officer fidelity bond citing AS 21.86.050; document revision 08/10/07; current Admissions page still links to HMO application materials. Accessed 2026-09-28.
  3. 29 U.S.C. § 1112, Bonding. Office of the Law Revision Counsel, U.S. House of Representatives; Subsections (a)-(e), current preliminary edition text. 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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