Section 21.96.030. Payment.

Latest version.

Unless another form of payment is agreed to by the policyholder or beneficiary, an insurance company doing business in this state may not pay a judgment or settlement of a claim in this state for a loss incurred in this state with an instrument other than a negotiable bank check payable on demand and bearing even date with the date of writing or by electronic funds transfer.

Authorities

21.36.125

Notes

Implemented As

3 AAC 26.070
3 AAC 26.850
3 AAC 26.855
3 AAC 26.860
3 AAC 26.865

References

AS 21.36.125 Unfair claim settlement practices.

History

(Sec. 1 ch 172 SLA 1968; am Sec. 106 ch 62 SLA 1995; am Sec. 93 ch 23 SLA 2011)

                    
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