Section 21.39.020. Applicability.

   (a) This chapter applies to all forms of casualty insurance, including fidelity, surety, and guaranty bonds, to all forms of fire, marine, and inland marine insurance, and to a combination of any of them, or risks or operations in this state.  Inland marine insurance includes insurance defined by statute, or by interpretation of statute, or if not defined or interpreted, by ruling of the director, or as established by general custom of the business, as inland marine insurance.
   (b) This chapter does not apply to
        (1) reinsurance, other than joint reinsurance to the extent stated in AS 21.39.110;
        (2) health insurance;
        (3) insurance of vessels or craft, their cargoes, marine builders' risks, marine protection and indemnity, or other risks commonly insured under marine, as distinguished from inland marine insurance policies;
        (4) insurance against loss of or damage to aircraft or against liability, other than workers' compensation and employer's liability, arising out of the ownership, maintenance, or use of aircraft; or, to insurance of hulls of aircraft, including their accessories and equipment;
        (5) insurance written under AS 21.34, except as provided in AS 21.34.030(b).

Notes

Implemented As

3 AAC 26.540
3 AAC 29.320

History

(Sec. 1 ch 120 SLA 1966; am Sec. 35 ch 56 SLA 1996; am Sec. 42 ch 96 SLA 2004)