Section 3.26.010. Purpose.

	(a)  The purpose of 3 AAC 26.010 - 3 AAC 26.300 is to define minimum standards for claim settlement acts and practices.  
	(b)  Violation of a standard is an unfair or deceptive act and is prohibited.  
	(c)  Violation of a standard with such frequency as to indicate a general business practice is an unfair or deceptive practice and is prohibited.  
	(d)  Violation of a standard by a person who knew or should have known an act or practice violated the standard is subject to an additional penalty under AS 21.36.910(e).  

Authorities

21.06.090;21.36.010;21.36.125;21.36.900;21.36.910;01.05.031;21.36.150;21.36.320;21.36.350;44.62.125

Notes

Reference

3 AAC 26.010
3 AAC 26.020

Authority

AS 21.06.090 AS 21.36.010 AS 21.36.125 AS 21.36.900 AS 21.36.910 Editor's note: In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.36.150 as AS 21.36.900, renumbered former AS 21.36.320 as AS 21.36.910, and redesignated former AS 21.36.350 as AS 21.36.125(c). As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to 3 AAC 26.010(d), so that the cross-reference to former AS 21.36.320(e) now refers to the renumbered statute, AS 21.36.910(e). In addition, the regulations attorney made conforming technical revisions to the authority citation that follows 3 AAC 26.010, so that the citations to former AS 21.36.150 and 21.36.320 now refer to the renumbered statutes, AS 21.36.900 and 21.36.910. Also, the regulations attorney deleted the citation to former AS 21.36.350, to reflect that the authority citation already includes a citation to AS 21.36.125, the section where material formerly in AS 21.36.350 was relocated.

History

Eff. 5/6/89, Register 110

References

3.26.010