Section 3.28.480. Loss ratio determinations.

	(a)  A rate credit or dividend paid may be used only in the loss ratio determinations if it directly inures to the benefit of the person who actually pays the premium for the coverage provided.  
	(b)  A rate credit reserve on dividend liability may be used only in the loss ratio determinations if the accrued rate credit or dividend will directly inure to the benefit of the person who actually pays the premium for the coverage provided.  

Authorities

21.06.090;21.42.130;21.96.060;01.05.031;21.89.060;44.62.125

Notes

Authority

AS 21.06.090 AS 21.42.130 AS 21.96.060 Editor's note: In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.89.060 as AS 21.96.060. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 3 AAC 28.480, so that the citation to former AS 21.89.060 now refers to the renumbered statute, AS 21.96.060.

History

Eff. 3/26/82, Register 81

References

3.28.480