A person licensed under AS 21.27 may not
(1) enter into any insurance transaction in which the premium is financed by other than the licensee unless the person providing the financing is licensed under and in compliance with AS 06.40 or is exempted from licensure under AS 06.40.020 ; or
(2) finance premiums or extend credit to persons purchasing insurance except as provided in regulations adopted by the director; the director shall adopt regulations establishing the conditions under which licensees may extend credit or finance premiums except that in no event may the regulations permit a rate of interest on amounts lent or credit extended greater than that provided in AS 06.40.120 .
Section: Previous 21.36.430 21.36.440 21.36.460 21.36.465 21.36.470 21.36.475 21.36.480 21.36.485 21.36.490 21.36.495 21.36.500 21.36.505 21.36.510 21.36.515 NextLast modified: November 15, 2016