Alaska Statutes Title 21, Chapter 21.39 - Rates and Rating Organizations

• Sec. 21.39.010 Purpose.
  The purpose of this chapter is to promote the public welfare by regulating insurance rates in order that they will not be excessive, inadequate,...
• Sec. 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...
• Sec. 21.39.030 Making of Rates.
  (a) Rates, including loss costs under AS 21.39.043 or any other provision of law, shall be made in accordance with the following provisions:(1) rates...
• Sec. 21.39.035 Required Filing of Insurance Scoring Models; Personal Insurance.
  (a) Credit history may not be used to determine personal insurance rates or premiums or to make underwriting decisions unless the insurance scoring models...
• Sec. 21.39.040 Rate Filings.
  (a) Each insurer shall file with the director, except as to inland marine risks, which, by general custom of the business, are not written...
• Sec. 21.39.041 Prior Approval.
  (a) Except for workers' compensation prospective loss cost filings and workers' compensation assigned risk pool rates by a rating organization under AS 21.39.043 ,...
• Sec. 21.39.043 Workers' Compensation Loss Cost Filings and Assigned Risk Pool Rate Filings.
  (a) On at least an annual calendar year basis, a rating organization shall make a workers' compensation prospective loss cost filing and an assigned...
• Sec. 21.39.045 Workers' Compensation Rate Filings.
  (a) Notwithstanding any other provision of this chapter, a rate filing for workers' compensation insurance that classifies a risk in the construction industry may...
• Sec. 21.39.050 Disapproval of Filings.
  (a) [Repealed, Sec. 12 ch 88 SLA 2005]. (b) If, within 30 days after a specific inland marine rate on a risk especially rated...
• Sec. 21.39.055 Cancellation of Approved Filing.
  The voluntary surrender of a certificate of authority or the failure of the surrendering admitted foreign insurer to continue a certificate of authority in...
• Sec. 21.39.060 Rating Organizations.
  (a) A corporation, an unincorporated association, a partnership, or a person, whether located inside or outside this state, may make application to the director...
• Sec. 21.39.070 Deviations.
  (a) Each member of or subscriber to a rating organization shall adhere to the filings made on its behalf by the organization except that...
• Sec. 21.39.080 Appeal by Minority.
  (a) A member or subscriber to a rating organization may appeal to the director from the action or decision of the rating organization in...
• Sec. 21.39.090 Rights of Insureds.
  Each rating organization and each insurer that makes its own rate shall, within a reasonable time after receiving written request and upon payment of...
• Sec. 21.39.100 Advisory Organizations.
  (a) Each group, association or other organization of insurers, whether located inside or outside this state, that assists insurers that make their own filings...
• Sec. 21.39.110 Joint Underwriting or Joint Reinsurance.
  (a) Each group, association, or other organization of insurers that engages in joint underwriting or joint reinsurance is subject to regulation in accordance with...
• Sec. 21.39.120 Examinations.
  (a) The director shall, at least once in five years, make or cause to be made an examination of each rating organization licensed in...
• Sec. 21.39.130 Rate Administration.
  (a) The director shall adopt reasonable regulations and statistical plans, reasonably adapted to each of the rating systems filed with the director, that may...
• Sec. 21.39.140 False or Misleading Information.
  A person or organization may not wilfully withhold information from, or knowingly give false or misleading information to, the director, a statistical agency designated...
• Sec. 21.39.150 Assigned Risks.
  Agreements may be made among insurers with respect to the equitable apportionment among them of insurance that may be afforded applicants who are in...
• Sec. 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...
• Sec. 21.39.160 Penalties.
  (a) If the director finds, following an appropriate hearing, that a person or organization has violated a provision of this chapter, the director may...
• Sec. 21.39.170 Hearing Procedure and Judicial Review.
  (a) An insurer or rating organization to which the director has issued an order made without a hearing may, within 30 days after notice...
• Sec. 21.39.175 Statistics. [Repealed, Sec. 19 Ch 6 Sla 1998].
  Repealed or Renumbered
• Sec. 21.39.180 [Renumbered As As 21.39.030 (C)].
  
  Repealed or Renumbered
• Sec. 21.39.210 Flex-Rating.
  (a) Except for workers' compensation, medical malpractice, and assigned risk plan rates, an insurer's rate level increase or decrease may take effect without prior...
• Sec. 21.39.220 File and Use, Filing of Rates, Supplementary Rate Information, and Supporting Information.
  (a) An insurer's rate level increase or decrease filing falling outside of the limitation provided in AS 21.39.210 (a) is subject to file and...

Last modified: November 15, 2016