Alaska Statutes (Last Updated: January 11, 2017) |
Title 21. INSURANCE. |
Chapter 21.36. TRADE PRACTICES AND FRAUDS. |
Article 21.36.02. CANCELLATIONS AND RENEWALS. |
Section 21.36.290. Policy period.
Latest version.
-
(a) A policy with a policy period or term longer than one year or a policy with no fixed expiration date shall be considered to be written for successive policy periods or terms of one year, and termination by an insurer effective on an anniversary date of the policy shall be considered a failure to renew.
(b) The rate for a personal automobile insurance policy may not be changed more frequently than once every six months.
Notes
History
(Sec. 1 ch 28 SLA 1970; am Sec. 59, 60 ch 62 SLA 1995; am Sec. 37 ch 81 SLA 1997)