Section 21.39.155. Assigned risk pool.

   (a) The director may require insurers, except a reciprocal insurer formed under AS 21.75, as a condition of writing a line of insurance dealing with medical malpractice or workers' compensation, to participate in an assigned risk pool if the director finds that mandatory carrier participation is in the public interest.
   (b) The assigned risk pool and the procedures to be followed in administering the pool shall be established by regulation.
   (c) An insurer may impose a surcharge not to exceed 25 percent of the premium for assigned risk pool insurance, except that a surcharge may not be applied to the first $3,000 in premium in any policy year.

Authorities

21.27.570;21.39.043

Notes

Implemented As

3 AAC 30.010
3 AAC 30.020
3 AAC 30.030
3 AAC 30.040
3 AAC 30.200

References

3 AAC 30.010
AS 21.27.570 Operating requirements for controlling insurance producers.
AS 21.39.043 Workers' compensation loss cost filings and assigned risk pool rate filings.

History

(Sec. 1 ch 252 SLA 1976; am Sec. 1 ch 104 SLA 1983; am Sec. 2 ch 48 SLA 1986; am Sec. 3 ch 136 SLA 1986; am Sec. 2 ch 79 SLA 1988; am Sec. 3 ch 14 SLA 1991; am Sec. 71 ch 62 SLA 1995; am Sec. 2 ch 10 FSSLA 2005)