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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.29. Property, Casualty, and Related Insurance. |
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Article 3.29.2. Rate and Rating Plan Filings. |
Section 3.29.350. Underwriting standards.
Latest version.
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(a) An insurer may not use underwriting standards for individual risk selection in a group-marketed plan that are more restrictive overall than the standards used by the insurer for individual risk selection in the sale of the same kind of insurance in this state when a group-marketed plan is not used. (b) If an insurer does not sell a kind of property or casualty insurance in this state other than through a group-marketed plan, the underwriting standards for individual risk selection in the group-marketed plan may not be more restrictive overall than the standards used by the insurer's principal affiliate for individual risk selection in the sale of the same kind of property or casualty insurance in this state when a group-marketed plan is not used.
Authorities
21.06.090;21.36.090