Alaska Statutes (Last Updated: January 11, 2017)

Section 21.33.910. Definitions.

Latest version.

In this chapter,
        (1) "export" means to place surplus lines insurance with a nonadmitted insurer;
        (2) "transaction of insurance" means the solicitation, negotiation, procurement, effectuation, or renewal of insurance; forwarding of applications; delivery of policies or contracts; inspection of risks; fixing of rates; investigation or adjustment of claims or losses; collection or forwarding of premiums; or transaction of matters subsequent to effectuation of the contract of insurance and arising out of it;
        (3) "unauthorized person" means a person not licensed as a surplus lines broker, or not a salaried employee of the insured;
        (4) "wet marine and transportation insurance" has the meaning given in AS 21.34.900.

Notes

History

(Sec. 20 ch 117 SLA 1984; am Sec. 116 ch 67 SLA 1992)

                    
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