Alaska Statutes Title 21, Chapter 21.57 - Consumer Credit Insurance

• Sec. 21.57.010 Purpose.
  The purpose of this chapter is to promote the public welfare by regulating consumer credit insurance. Nothing in this chapter is intended to prohibit...
• Sec. 21.57.020 Applicability.
  Consumer credit insurance transacted in connection with a credit transaction for a personal, household, or family purpose is subject to the provisions of this...
• Sec. 21.57.030 Authorized Types of Consumer Credit Insurance.
  A type of consumer credit insurance defined in AS 21.57.160 may be written separately or in combination with other types of consumer credit insurance...
• Sec. 21.57.040 Amount of Consumer Credit Insurance.
  (a) The amount of coverage for credit life insurance payable at the time of loss(1) may not exceed the greater of the actual net...
• Sec. 21.57.050 Duration of Coverage.
  (a) The effective date of coverage for(1) consumer credit insurance that is elected by the debtor before or contemporaneous with a credit transaction is...
• Sec. 21.57.055 Disclosure to Debtors.
  (a) Before a debtor elects to purchase consumer credit insurance in connection with a credit transaction, the insurer shall disclose the following in writing...
• Sec. 21.57.060 Provisions of Policies and Certificates of Insurance.
  (a) Consumer credit insurance shall be evidenced by an individual policy or a group certificate of insurance.(b) The individual policy or group certificate must,...
• Sec. 21.57.070 Requirements for Evidence of Insurance.
  (a) Unless the individual policy or group certificate of insurance is delivered to the debtor at the time the debt is incurred or when...
• Sec. 21.57.080 Filing of Forms and Rates.
  (a) An insurance policy, certificate of insurance, notice of proposed insurance, insurance disclosure notice, application for insurance, endorsement, and rider delivered or issued for...
• Sec. 21.57.090 Premiums and Refunds.
  (a) An insurer may revise its schedules of premium rates from time to time, and file the revised schedules with the director. An insurer...
• Sec. 21.57.100 Issuance of Policies.
  All policies of credit life insurance and credit disability insurance shall be delivered or issued for delivery in this state only by an insurer...
• Sec. 21.57.110 Claims. [Repealed, Sec. 113 Ch 62 Sla 1995].
  Repealed or Renumbered
• Sec. 21.57.120 Selection Rights of Insured.
  When consumer credit insurance is required as additional security for a debt, the debtor shall, upon request to the creditor, have the option of...
• Sec. 21.57.125 Duties of an Insurer.
  Except as otherwise prohibited by law, duties imposed upon an insurer by this chapter may be carried out by a creditor if the creditor...
• Sec. 21.57.130 Enforcement.
  The director may, after notice and hearing, adopt regulations considered appropriate for the implementation of this chapter. Whenever the director finds that there has...
• Sec. 21.57.140 Judicial Review.
  A party to the proceeding affected by an order of the director shall be entitled to judicial review by following the procedure set out...
• Sec. 21.57.150 Penalties.
  (a) In addition to any other penalty provided by law, a person licensed under AS 21.27 that the director determines under AS 21.06.170 -...
• Sec. 21.57.160 Definitions.
  In this chapter,(1) "agriculture credit transaction commitment" means a binding agreement to loan money up to a fixed amount as needed for agricultural purposes;(2)...
• Sec. 21.57.170 Short Title. [Repealed, Sec. 113 Ch 62 Sla 1995].
  Repealed or Renumbered

Last modified: November 15, 2016