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Alaska Statutes (Last Updated: January 11, 2017) |
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Title 21. INSURANCE. |
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Chapter 21.36. TRADE PRACTICES AND FRAUDS. |
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Article 21.36.05. SPECIFIC ACTS AND TYPES OF INSURANCE. |
Section 21.36.490. Premium financing.
Latest version.
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A person licensed under AS 21.27 may not
(1) enter into any insurance transaction in which the premium is financed by other than the licensee unless the person providing the financing is licensed under and in compliance with AS 06.40 or is exempted from licensure under AS 06.40.020; or
(2) finance premiums or extend credit to persons purchasing insurance except as provided in regulations adopted by the director; the director shall adopt regulations establishing the conditions under which licensees may extend credit or finance premiums except that in no event may the regulations permit a rate of interest on amounts lent or credit extended greater than that provided in AS 06.40.120.
Authorities
6.40.020;21.36.122
Notes
Implemented As
3 AAC 23.210
3 AAC 23.240
3 AAC 23.250
3 AAC 23.260
3 AAC 23.280
3 AAC 23.290
3 AAC 23.310
3 AAC 23.315
3 AAC 23.340
3 AAC 23.360
3 AAC 23.370
3 AAC 23.380
3 AAC 23.550
3 AAC 23.630
3 AAC 23.650
3 AAC 23.999
References
AS 6.40.020 .020">Sec. 06.40.020. Applicability.
AS 21.36.122
History
(Sec. 2 ch 170 SLA 1978)