Statutes, codes, and regulations
Alaska Administrative Code
Title 3 - Commerce, Community, and Economic DevelopmentPart 2 - Division of InsuranceChapter 23 - Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters
Article 2 - Premium Financing
Section 3 AAC 23.360 - Security for financed premiums

3 Alaska Admin. Code § 23.360

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Current through September 25, 2024
Section 3 AAC 23.360 - Security for financed premiums

The only allowable security for financed premiums is the unearned premium or cash surrender value of the policy being financed, except that notes may be used to secure audit premiums that are financed after expiration of the policy or where the premium is fully earned before policy expiration.

3 AAC 23.360

Eff. 4/22/79, Register 70; am 3/11/98, Register 145

In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.36.122 as AS 21.36.490. 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 23.360, so that the citation to former AS 21.36.122 now refers to the renumbered statute, AS 21.36.490.

Authority:AS 21.06.090

AS 21.36.490