Alaska Statutes (Last Updated: January 11, 2017)

Section 21.34.130. Effect of payment to surplus lines broker.

Latest version.

A payment of premium to a surplus lines broker acting for a person other than itself in negotiating, continuing, or reviewing a policy of insurance under this chapter, is considered to be payment to the insurer, notwithstanding conditions or stipulations in the policy or contract to the contrary.

Notes

Implemented As

3 AAC 25.070

History

(Sec. 21 ch 117 SLA 1984; am Sec. 130 ch 67 SLA 1992)

                    
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