Section 3.28.405. Definitions.

In 3 AAC 28.310 - 3 AAC 28.405, unless the context requires otherwise,  
		(1) "evidence of individual insurability" means a statement furnished by a debtor, as a condition of consumer credit insurance becoming effective, that relates specifically to the debtor's  
			(A) health status;  
			(B) medical condition, including physical and mental illnesses;  
			(C) claims experience;  
			(D) receipt of health care; or  
			(E) medical history;  
		(2) "fixed residual value" means for a lease contract the contractual amount for which the leased property may be purchased at the end of the lease.  

Authorities

21.06.090;21.57.130;21.57.160

Notes

Reference

3 AAC 28.310
3 AAC 28.405

Authority

AS 21.06.090 AS 21.57.130 AS 21.57.160 Editor's note: See AS 21.57.160 for additional definitions that apply to this chapter. ________________________

History

Eff. 6/6/93, Register 126; am 7/2/2001, Register 158