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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 3.29.535. Disclosure requirements.
Latest version.
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(a) At the time of solicitation, an insurer or insurance producer shall disclose to the exempt commercial policyholder and the policyholder's risk manager, if any, that a policy form may be used and a premium or rate may be quoted that is not subject to prior approval by the division. (b) The declaration page or a state endorsement of a policy sold to an exempt commercial policyholder must clearly disclose that the rates, rating plans, resulting policy premiums, and policy forms are exempt from the prior approval filing requirements under the laws of this state.
Authorities
21.06.090;21.39.040;21.42.120