Section 21.80.010. Purposes.

Latest version.

The purposes of this chapter are to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and, to the extent provided in this chapter, to minimize financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of this protection among insurers.

Authorities

21.80.030

Notes

References

AS 21.80.030 Construction.

History

(Sec. 1 ch 121 SLA 1970; am Sec. 1 ch 39 SLA 2000)

                    
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