Section 3.29.380. Written notice required.

	(a)  When a personal motor vehicle liability insurer secures the application of a potentially eligible applicant, the insurer shall notify the applicant in writing that a reduction in the premium charged is available under AS 21.96.025. The insurer shall also notify a potentially eligible insured at each policy renewal. An insurer shall document in its underwriting records that it delivered the written notice to each potentially eligible applicant and insured.  
	(b)  An insurer may satisfy its obligation to notify a potentially eligible applicant by providing a pre-printed notice containing the information required in 3 AAC 29.385 if the insurance producer dealing directly with a potentially eligible applicant delivers the pre-printed notice before the applicant completes the application. The insurance producer shall document the delivery of the pre-printed notice to the applicant in the insurance producer's records.  
	(c)  An insurer may incorporate the required written notice into a computerized application system if the insurer  
		(1) includes the complete written notice in the application;  
		(2) provides a printed copy of the application including the complete notice to a potentially eligible applicant; and  
		(3) retains as part of its underwriting records documentation that each potentially eligible applicant received the notice.  

Authorities

21.06.090;21.96.025;01.05.031;21.89.025;44.62.125

Notes

Reference

3 AAC 29.395

Authority

AS 21.06.090 AS 21.96.025 Editor's note: In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.89.025 as AS 21.96.025. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to 3 AAC 29.380(a), so that the cross-reference to former AS 21.89.025 now refers to the renumbered statute, AS 21.96.025. In addition, the regulations attorney made a conforming technical revision to the authority citation that follows 3 AAC 29.380, so that the citation to former AS 21.89.025 now refers to the renumbered statute, AS 21.96.025.

History

Eff. 11/13/97, Register 144

References

3.29.380