Section 21.12.060. Property insurance defined.

Latest version.

Property insurance is insurance on real or personal property of every kind and of every interest therein, whether on land, water, or in the air, against loss or damage from any and all hazard or cause, and against loss consequential upon the loss or damage, other than noncontractual legal liability for loss or damage.  Property insurance does not include title insurance as defined in AS 21.66.480.

Authorities

21.12.130;21.14.200;21.36.475

Notes

Implemented As

3 AAC 29.369

References

3 AAC 29.369
AS 21.12.130 Commercial insurance defined.
AS 21.14.200 Definitions.
AS 21.36.475 Limitation on owner controlled and contractor controlled insurance programs.

History

(Sec. 1 ch 120 SLA 1966)

                    
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