reglab/statecodes huggingface dataset:
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 3 - Group-Marketed Property and Casualty Insurance › 3 AAC 29.355 - Cancellation and nonrenewal

Current through May 31, 2024
(a) For purposes of
				  AS
				  21.36.210-21.36.290, if an employer,
				  association, organization, or other group for any reason, including
				  interruption or termination of employment or membership, fails to remit the
				  premiums when due, the insurer may not regard this as nonpayment of premium by
				  the insured unless
(1) the group-marketed
				  plan provides for the payment of the premium by the employer, association,
				  organization, or other group;
(2)
				  the insured is given written notice of the failure to remit the premium;
				  and
(3) the insured has not paid
				  the premium within 20 days after the written notice is sent or the date the
				  premium is due under the group-marketed plan, whichever is later.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 3 - Group-Marketed Property and Casualty Insurance › 3 AAC 29.369 - Definitions

Current through May 31, 2024
In
					 3 AAC 29.305 -
					 3 AAC 29.369,
(1) "casualty insurance" has the meaning
				  given in AS 21.12.070 but excludes workers'
				  compensation and employer's liability insurance listed in
				  AS
				  21.12.070(a)(3);
(2) "group-market" or "group-marketed" means
				  a method of selling property or casualty insurance in which
(A) the insurance is offered to employees of
				  a particular employer or to members of a particular association or organization
				  or to persons grouped in another way; and
(B) the employer, association, organization,
				  or other group agrees to or otherwise affiliates itself with the sale of the
				  insurance to its employees or members;
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 4 - Motor Vehicle Liability Insurance Senior Discount › 3 AAC 29.380 - Written notice required

Current through May 31, 2024
(a) When a personal
				  motor vehicle liability insurer secures the application of a potentially
				  eligible applicant, the insurer shall notify the applicant in writing that a
				  reduction in the premium charged is available under
				  AS
				  21.96.025. The insurer shall also notify a
				  potentially eligible insured at each policy renewal. An insurer shall document
				  in its underwriting records that it delivered the written notice to each
				  potentially eligible applicant and insured.
(b) An insurer may satisfy its obligation to
				  notify a potentially eligible applicant by providing a pre-printed notice
				  containing the information required in
				  3 AAC 29.385 if the insurance producer dealing directly
				  with a potentially eligible applicant delivers the pre-printed notice before
				  the applicant completes the application. The insurance producer shall document
				  the delivery of the pre-printed notice to the applicant in the insurance
				  producer's records.
(c) An insurer
				  may incorporate the required written notice into a computerized application
				  system if the insurer
(1) includes the
				  complete written notice in the application;
(2) provides a printed copy of the
				  application including the complete notice to a potentially eligible applicant;
				  and
(3) retains as part of its
				  underwriting records documentation that each potentially eligible applicant
				  received the notice.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 4 - Motor Vehicle Liability Insurance Senior Discount › 3 AAC 29.385 - Content of notice

Current through May 31, 2024
A written notice informing a potentially eligible applicant
					 or insured of the rate reduction available under
					 AS
					 21.96.025 must include
(1) a statement that, to be eligible for a
				  discount, the principal operator of the motor vehicle covered by the insurance
				  policy must
(A) be 55 years of age or
				  older;
(B) request the insurer to
				  provide the discount at renewal;
(C) have had no chargeable accidents as set
				  by the established underwriting guidelines in use by the insurer;
(D) have had no moving motor vehicle
				  citations within three years preceding the request for the discount;
(E) have successfully completed a motor
				  vehicle accident prevention course approved by the Department of Public Safety
				  within three years preceding the request for the discount; a course taken and
				  completed as a result of an order or sentence imposed by a court may not
				  satisfy this requirement; and
(F)
				  provide to the insurer documentation issued by the sponsor of the motor vehicle
				  accident prevention course that states the date that the course was taken and
				  successfully completed;
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 4 - Motor Vehicle Liability Insurance Senior Discount › 3 AAC 29.395 - Definitions

Current through May 31, 2024
In
					 3 AAC 29.380 -
					 3 AAC 29.395,
(1) "potentially eligible applicant" means a
				  person who is 55 years of age or older and is identified on an application as
				  an operator;
(2) "potentially
				  eligible insured" means an insured person who has been identified to the
				  insurer as being 55 years of age or older.
In 2010 the revisor of statutes, acting under
						AS
						01.05.031, renumbered former AS 21.89.025 as
						AS
						21.96.025. As of Register 196 (January 2011),
						the regulations attorney made a conforming technical revision under
						AS
						44.62.125(b)(6), to the
						authority citation that follows
						3 AAC 29.395, so that the citation to former AS
						21.89.025 now refers to the renumbered statute,
						AS
						21.96.025.
Authority:
AS
						21.06.090
AS
						21.96.025
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 5 - Schedule And Individual Risk Rating Plans › 3 AAC 29.400 - Purpose of 3 AAC 29.400 - 3 AAC 29.469

Current through May 31, 2024
The purpose of
					 3 AAC 29.400 -
					 3 AAC 29.469 is to establish standards for schedule
					 rating to ensure that
(1) a credit or
				  debit that modifies a premium under a schedule rating plan is based only on
				  risk characteristics that can be reasonably expected to affect losses or loss
				  adjustment expenses;
(2) the
				  assignment of a credit or debit under a schedule rating plan results in a rate
				  that is not excessive, inadequate, or unfairly discriminatory; and
(3) documentation in an insurer's
				  underwriting file provides sufficient detail to establish that the assignment
				  of a credit or debit under a schedule rating plan complies with
				  3 AAC 29.400 -
				  3 AAC 29.469.
Authority:
AS
						21.06.090
AS 21.39.030
AS
						21.39.040
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 5 - Schedule And Individual Risk Rating Plans › 3 AAC 29.405 - Applicability

Current through May 31, 2024
3 AAC 29.400 -
					 3 AAC 29.469 apply to all insurers and rating
					 organizations subject to the requirements of AS 21.39.
Authority:
AS
						21.06.090
AS 21.39.030
AS
						21.39.040
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 5 - Schedule And Individual Risk Rating Plans › 3 AAC 29.410 - Limitation on use of schedule rating plan

Current through May 31, 2024
An insurer may only use a schedule rating plan under
					 3 AAC 29.400 -
					 3 AAC 29.469 for business or commercial insurance as
					 defined in
					 AS
					 21.36.310 and surety insurance as defined in
					 AS
					 21.12.080.
Authority:
AS
						21.06.090
AS 21.12.080
AS 21.36.310
AS 21.39.030
AS
						21.39.040
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 5 - Schedule And Individual Risk Rating Plans › 3 AAC 29.415 - Filing requirements

Current through May 31, 2024
(a) A rating organization, on behalf of its
				  member and subscriber insurers, or an insurer may file, for the director's
				  approval, a schedule rating plan that includes
(1) the criteria that an applicant or insured
				  must meet to be eligible for the plan;
(2) a description of each risk characteristic
				  for which a debit or credit will apply;
(3) the range of permissible debits or
				  credits for each risk characteristic;
(4) the maximum total debit or credit that an
				  underwriter may assign to the policy; and
(5) a statement describing compliance with
				  the requirements of
				  3 AAC 29.420 and
				  3 AAC 29.430.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 5 - Schedule And Individual Risk Rating Plans › 3 AAC 29.420 - Implementation requirements

Current through May 31, 2024
If an insurer uses a schedule rating plan, the
					 insurer
(1) must uniformly apply the
				  plan to all eligible insureds or applicants;
(2) must apply the plan at each policy
				  renewal;
(3) must assign credits or
				  debits only for risk characteristics described in the plan; however, for each
				  insured or applicant, the insurer may use underwriting judgment to determine an
				  appropriate amount of any credit or debit within the filed range; and
(4) may not apply the plan in such a way as
				  to duplicate other rating or rate development factors, including those in
(A) a manual rate;
(B) the classification of insureds within a
				  rating system; or
(C) an experience
				  rating plan.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 5 - Schedule And Individual Risk Rating Plans › 3 AAC 29.425 - Unfair discrimination

Current through May 31, 2024
If an insurer using a schedule rating plan fails to comply
					 with 3 AAC 29.420, the application of
					 the plan is unfairly discriminatory and a violation of AS
					 21.36.
In 2010 the revisor of statutes, acting under
						AS
						01.05.031, renumbered former
						AS
						21.36.150 as
						AS
						21.36.900. As of Register 196 (January 2011),
						the regulations attorney made a conforming technical revision under
						AS
						44.62.125(b)(6), to the
						authority citation that follows
						3 AAC 29.425, so that the citation to former
						AS
						21.36.150 now refers to the renumbered
						statute, AS
						21.36.900.
Authority:
AS
						21.06.090
AS 21.36.120
AS 21.36.900
AS
						21.39.030
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 5 - Schedule And Individual Risk Rating Plans › 3 AAC 29.430 - Required documentation

Current through May 31, 2024
(a) For each policy of an eligible insured,
				  an insurer shall maintain an underwriting file containing documentation of the
				  application of the appropriate schedule rating plan.
(b) The documentation required in (a) of this
				  section must include a worksheet prepared annually that
(1) describes each risk characteristic and
				  the range of permissible credits or debits for each characteristic of the plan
				  for which the insured is eligible; and
(2) shows
(A) the underwriting determination of a
				  credit, debit, or zero change for each risk characteristic;
(B) the date the determination was
				  made;
(C) the identity of the
				  person making the determination; and
(D) the basis for the
				  determination.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 5 - Schedule And Individual Risk Rating Plans › 3 AAC 29.469 - Definitions

Current through May 31, 2024
In
					 3 AAC 29.400 -
					 3 AAC 29.469,
(1) "experience rating plan" means a rating
				  procedure using past insurance experience of an individual policyholder to
				  forecast future losses by measuring the policyholder's loss experience against
				  the loss experience of other policyholders in the same classification in order
				  to produce a prospective premium modification;
(2) "manual rate" means the rate developed
				  for an insured before the application of an experience rating plan or any
				  subjective discount, credit, or surcharge is applied;
(3) "risk characteristic" means an attribute
				  that contributes to the variation in hazard among insureds;
(4) "schedule rating" means the recognition,
				  through the assignment of judgmental credits and debits to a manual rate, of
				  characteristics that are expected to affect an insured's loss or loss
				  adjustment expense experience, but that are not reflected in the class rates or
				  the experience rating plan; and
(5)
				  "schedule rating plan" means a description of the rules and eligibility
				  criteria for schedule rating.
Authority:
AS
						21.06.090
AS 21.39.030
AS
						21.39.040
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.500 - Applicability

Current through May 31, 2024
The provisions of
					 3 AAC 29.500 -
					 3 AAC 29.550 apply to rate and form filings providing
					 commercial insurance coverage as defined in
					 AS
					 21.12.130 for exempt commercial policyholders
					 as defined in
					 3 AAC 29.545.
Authority:
AS
						21.06.090
AS 21.12.130
AS 21.39.040
AS
						21.42.120
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.505 - Authorization for informational rate filings

Current through May 31, 2024
An insurer providing insurance coverage for an exempt
					 commercial policyholder shall submit an informational rate filing to the
					 director not later than 30 days after the proposed effective date of the
					 filing. The informational filing is exempt from the filing requirements of
					 AS 21.39.040(a)(1) and
					 (d),
					 21.39.041,
					 21.39.210,
					 and
					 21.39.220.
					 The director will make the filing open to public inspection after completing
					 the review of the filing or after the filing becomes effective, whichever is
					 later.
Authority:
AS
						21.06.090
AS
						21.39.040
AS
						21.39.220
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.510 - Standards for informational rate filings

Current through May 31, 2024
An informational rate filing must
(1) include the proposed effective date of
				  the filing;
(2) meet the rate
				  standards of
				  AS
				  21.39.030 and other applicable rate
				  requirements of AS 21;
(3) include
				  a statement indicating whether the same rate structure has been filed for
				  approval to be used with policyholders who do not qualify as exempt commercial
				  policyholders under
				  3 AAC 29.545;
(4) meet the filing requirements of
				  3 AAC 31.205 -
				  3 AAC 31.217
				  and
				  3 AAC 31.225; and
(5) include a statement that the filing is
				  for policyholders who qualify as commercial policyholders under
				  3 AAC 29.545.
Authority:
AS
						21.06.090
AS
						21.39.040
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.515 - Determining the annual aggregate premium

Current through May 31, 2024
(a) An insurer
				  shall calculate the annual aggregate premium threshold for qualification as an
				  exempt commercial policyholder using filed commercial insurance manual rates or
				  rating systems. The annual aggregate premium must include objective discounts
				  and surcharges, but may not include discretionary or subjective discounts,
				  surcharges, or rating plans.
(b) An
				  insurer may not include residual market premiums, premiums from unauthorized
				  insurance, workers compensation premiums, aviation premiums, or wet marine
				  premiums.
Authority:
AS
						21.06.090
AS
						21.39.040
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.520 - Statistical data collection requirements

Current through May 31, 2024
(a) An insurer that
				  issues a policy to an exempt commercial policyholder shall maintain records
				  that show
(1) how the policy premium was
				  determined, including discounts or surcharges; and
(2) unless all of the insurer's policies are
				  issued to exempt commercial policyholders, annual experience data on each
				  insured exempt commercial policyholder, including written premium, paid losses
				  and loss adjustment expenses, outstanding losses and loss adjustment expenses,
				  underwriting expenses, underwriting profits, and profits from
				  contingencies.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.525 - Authorization for informational form filings

Current through May 31, 2024
An insurer providing insurance coverage for an exempt
					 commercial policyholder shall submit an informational form filing to the
					 director not later than 30 days after the proposed effective date of the
					 filing. The informational filing is exempt from the filing requirements of
					 AS
					 21.42.120(b),
					 21.42.123,
					 and
					 21.42.125.
					 The director will make the filing onen to public inspection after coninleting
					 the review of the filing or after the filing becomes effective, whichever is
					 later.
Authority:
AS
						21.06.090
AS
						21.39.220
AS
						21.42.120
AS
						21.42.123
AS
						21.42.125
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.530 - Standards for informational form filings

Current through May 31, 2024
The informational form filing must
(1) include the proposed effective date of
				  the filing;
(2) include a statement
				  indicating whether the same forms have been filed for approval to be used with
				  policyholders who do not qualify as exempt commercial policyholders under
				  3 AAC 29.545;
(3) include a statement that the filing is
				  for policyholders who qualify as exempt commercial policy holders under
				  3 AAC 29.545;
(4) meet the filing requirements of
				  3 AAC 31.205 -
				  3 AAC 31.217,
				  3 AAC 31.225, and
				  3 AAC 31.250;
				  and
(5) comply with all form
				  standards, trade practice requirements, and other applicable requirements of AS
				  21.
Authority:
AS
						21.06.090
AS
						21.42.120
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.535 - Disclosure requirements

Current through May 31, 2024
(a) At the time of
				  solicitation, an insurer or insurance producer shall disclose to the exempt
				  commercial policyholder and the policyholder's risk manager, if any, that a
				  policy form may be used and a premium or rate may be quoted that is not subject
				  to prior approval by the division.
(b) The declaration page or a state
				  endorsement of a policy sold to an exempt commercial policyholder must clearly
				  disclose that the rates, rating plans, resulting policy premiums, and policy
				  forms are exempt from the prior approval filing requirements under the laws of
				  this state.
Authority:
AS
						21.06.090
AS 21.39.040
AS
						21.42.120
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.540 - Records retention requirements

Current through May 31, 2024
(a) An insurer
				  providing insurance coverage for an exempt commercial policyholder shall
(1) maintain adequate records to document
				  that the exempt commercial policyholder meets the criteria under
				  3 AAC 29.545;
(2) maintain all records and data for a
				  period of at least five years after the date the policy was written;
				  and
(3) upon request, provide all
				  records and data to the director at any time.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.545 - Exempt commercial policyholder

Current through May 31, 2024
For purposes of
					 3 AAC 29.500 -
					 3 AAC 29.550, an exempt commercial policyholder is an
					 entity that has sufficient insurance buying expertise to negotiate with
					 insurers in a largely unregulated environment and that meets any two of the
					 following criteria:
(1) has net worth
				  of over $30 million;
(2) has net
				  revenues or sales of over $75 million;
(3) has more than 300 employees per
				  individual company or 800 per holding company aggregate;
(4) procures its insurance through use of a
				  risk manager, employed or retained;
(5) collects annual aggregate premiums of
				  over $250,000;
(6) is a nonprofit
				  or public entity with an annual budget or assets of at least $30
				  million;
(7) is a municipality with
				  a population of over 25,000.
Authority:
AS
						21.06.090
AS 21.39.040
AS
						21.42.120
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 6 - Information Filings for Commercial Insurance › 3 AAC 29.550 - Risk manager

Current through May 31, 2024
For purposes of
					 3 AAC 29.500 -
					 3 AAC 29.550, a risk manager is an individual
(1) whose primary economic activity consists
				  of regularly and continuously identifying and analyzing loss exposures,
				  selecting the technique or combination of techniques to be used to handle each
				  exposure to loss, implementing the chosen techniques, and monitoring the
				  results of the decisions that were made; and
(2) who has at least one of the following
				  credentials:
(A) bachelor's degree or higher
				  degree in risk management from an accredited college or university;
(B) a designation as a Chartered Property and
				  Casualty Underwriter (CPCU) issued by the American Institute for CPCU/Insurance
				  Institute of America;
(C) a
				  designation as an Associate in Risk Management (ARM) issued by the American
				  Institute for CPCU/Insurance Institute of America;
(D) a designation as a Certified Risk Manager
				  (CRM) issued by the National Alliance for Insurance Education and
				  Research;
(E) a designation as
				  Fellow in Risk Management issued by the Global Risk Management Institute/Risk
				  and Insurance Management.
(F) a
				  designation as a Chartered Enterprise Risk Analyst, Chartered Enterprise Risk
				  Actuary, Certified Enterprise Risk Analyst, or Certified Enterprise Risk
				  Actuary, (CERA) issued by an entity recognized as an Award Signatory under the
				  Global Enterprise Risk Management Designation Recognition
				  Treaty.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.600 - Purpose and applicability

Current through May 31, 2024
(a) Except for data
				  reported directly to the director by insurers, 3 AAC 29.600 - 3 AAC 29.669
(1) set out the manner of reporting data by
				  insurers to statistical agents;
(2)
				  prescribe reports that statistical agents submit to the director; and
(3) prescribe the conduct associated with (1)
				  and (2) of this subsection.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.610 - Examination of statistical agents

Current through May 31, 2024
To be designated by the director as a statistical agent to
					 collect statistics from insurers for the purposes of fulfilling the statistical
					 reporting requirements under 3 AAC 29.600 - 3 AAC 29.669, a person, other than
					 an advisory organization, must agree to be subject to the same examination
					 provisions in AS 21 applicable to advisory organizations.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.615 - Filing of statistical plans by statistical agents

Current through May 31, 2024
A statistical agent shall file with the director every
					 statistical plan and every modification of a statistical plan that the
					 statistical agent proposes to use to collect statistics to meet the
					 requirements of 3 AAC 29.600-3 AAC 29.669. The director will consider the
					 filings to meet the requirements of 3 AAC 29.600-3 AAC 29.669 unless
					 disapproved by the director in writing not later than 30 days after filing.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.620 - Statistical plans and reporting by insurers

Current through May 31, 2024
An insurer authorized in this state shall report the
					 insurer's insurance statistical experience for lines of insurance described
					 under 3 AAC 29.600(b) to a statistical agent designated by the director. The
					 insurer shall submit the data in accordance with the statistical plans approved
					 by the director under 3 AAC 29.615.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.625 - Statistical agents' compliance with the statistical handbook

Current through May 31, 2024
For every line of insurance for which a statistical agent
					 collects statistics in this state, the statistical agent shall, at a minimum,
					 collect statistics and file reports and compilations, unless the director
					 specifies otherwise, in the form and detail provided in the National
					 Association of Insurance Commissioners'
Statistical Handbook of Data
					 Available to Insurance Regulators,
2012 edition, adopted by
					 reference.
The National Association of Insurance Commissioners'
						Statistical Handbook of Data Available to Insurance Regulators, 2012 edition,
						adopted by reference in 3 AAC 29.625, may be obtained from the National
						Association of Insurance Commissioners, 1100 Walnut Street, Suite 1500, Kansas
						City, Missouri 64106. The document may also be viewed electronically on the
						National Association of Insurance Commissioners' website at
http://www.naic.org/documents/prod_serv_statistical_sta_zu.pdf
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.630 - Multiple statistical agents for the same line of insurance

Current through May 31, 2024
For a line of insurance where more than one statistical
					 agent is designated and collecting statistics in this state, the statistical
					 agents, if directed by the director, shall file combined reports for all
					 statistical agents collecting data for the affected lines of insurance. The
					 statistical agents may make arrangements among themselves for the equitable
					 sharing of the costs to produce the combined reports.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.635 - Edit and control procedures for statistical agents

Current through May 31, 2024
A statistical agent shall adopt edit and control
					 procedures to screen and check data for reasonableness, apparent accuracy, and
					 completeness. At a minimum the procedures, unless the director specifies
					 otherwise, must conform to the specifications provided in the National
					 Association of Insurance Commissioners'
Statistical Handbook of Data
					 Available to Insurance Regulators, 2012
edition, adopted by reference
					 in 3 AAC 29.625.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.640 - Insurer edit and audit procedures

Current through May 31, 2024
An insurer that is required by 3 AAC 29.620 to report data
					 shall adopt edit and audit procedures to screen and check the data to ensure,
					 unless the director specifies otherwise, that the data meet the standards for
					 reasonableness and accuracy provided in the National Association of Insurance
					 Commissioners'
Statistical Handbook of Data Available to Insurance
					 Regulators, 2012
edition, adopted by reference in 3 AAC 29.625.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.645 - Disclosure of complying and non-complying insurers

Current through May 31, 2024
A statistical report must contain a listing of each insurer
					 whose data are included in the report. If data from an insurer who agreed to
					 have the insurer's data included in the report are not included in the report,
					 the statistical agent submitting the report shall also submit a list of all of
					 the insurers not included in the report. At the request of the director, the
					 statistical agent shall provide the director with the reasons for the
					 exclusion.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.650 - Access to data

Current through May 31, 2024
Upon request of the director, a statistical agent shall
					 provide the director
(1) with access
				  to all statistical data collected by the statistical agent for the purpose of
				  fulfilling the requirements of 3 AAC 29.600 - 3 AAC 29.669; and
(2) a copy of a report that the statistical
				  agent produces from the data that the director required the statistical agent
				  to collect.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.655 - Lines of insurance without a statistical agent

Current through May 31, 2024
A licensed insurer, writing a line of insurance for which
					 rates are subject to filing with the director under
					 AS
					 21.39.040, shall notify the director as soon
					 as practicable if the insurer finds, or believes to have found, that the
					 insurer is writing a line of insurance for which no statistical agent will
					 accept data.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 7 - Reporting of Statistical Data by Property and Casualty Insurance Companies › 3 AAC 29.699 - Definitions

Current through May 31, 2024
In 3 AAC 29.600 - 3 AAC 29.669,
(1) "statistical agent" means a person that
				  the director has designated to collect statistics from insurers and provide
				  reports developed from the statistics to the director for the purpose of
				  fulfilling the statistical reporting obligations of the insurers;
(2) "statistical plan" means a statistical
				  agent's system for collecting information from reporting insurers, including
				  exposure, coverage, classification, territory, premium, loss, and other
				  information.
Authority:
AS
						21.06.090
AS
						21.39.130
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 29 - Property, Casualty, and Related Insurance › Article 8 - General Provisions › 3 AAC 29.900 - Reimbursement of losses and nonpayment of premium

Current through May 31, 2024
(a) A property or
				  casualty policy that requires reimbursement by an insured of losses or loss
				  expenses paid by the insurer may not, unless specified in the policy,
(1) consider the failure of the insured to
				  make a reimbursement as a nonpayment ofpremium for the purposes of
				  AS
				  21.36.210 -
				  21.36.310;
				  or
(2) require the insured to
				  prefund amounts the insured agreed to pay under the policy as reimbursements,
				  or to post collateral to secure the insured's obligation to reimburse the
				  insurer.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 1 - Assigned Risk Pool › 3 AAC 30.010 - Finding

Current through May 31, 2024
The director finds that mandatory insurer participation in
					 a workers' compensation insurance assigned risk pool is in the public interest
					 and requires this participation as a condition of writing workers' compensation
					 insurance in this state, except for those insurers that are exempt under
					 AS
					 21.39.155. An insurer's participation in a
					 workers' compensation insurance assigned risk pool shall be satisfied by
					 receiving direct assignments from the plan administrator or by membership in a
					 reinsurance pool that equitably apportions the experience of the assigned risk
					 pool among its members.
Authority:
AS
						21.06.090
AS 21.39.130
AS
						21.39.155
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 1 - Assigned Risk Pool › 3 AAC 30.030 - Pool administration

Current through May 31, 2024
(a) A workers' compensation insurance
				  assigned risk pool shall establish a written plan of operation.
(b) A plan of operation or amendment to the
				  plan must be submitted to the director for written approval before its
				  implementation.
(c) A workers'
				  compensation insurance assigned risk pool is subject to examination by the
				  director, and the assigned risk pool shall pay all the expenses of the
				  examination.
(d) To the extent
				  practical, rates shall be established and maintained at a level that permits
				  the assigned risk pool to operate as a self-funded mechanism based upon
(1) premiums charged and collected;
(2) claims incurred, including provisions for
				  claim development and incurred but not reported claims;
(3) administrative expenses incurred to
				  operate the assigned risk pool; and
(4) consideration of investment income and
				  taxes on assigned risk pool claims reserves arising from participation by
				  insurers in the assigned risk plan.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 1 - Assigned Risk Pool › 3 AAC 30.040 - Definitions

Current through May 31, 2024
In
					 3 AAC 30.010 -
					 3 AAC 30.040
(1) "Carrier" means an insurer authorized to
				  write workers' compensation insurance pursuant to AS 21.09;
(2) "Mandatory pool" means the workers'
				  compensation insurance assigned risk pool in which participation by insurers is
				  mandatory; and
(3) "Voluntary pool"
				  means the workers' compensation insurance assigned risk pool in which
				  participation by insurers is voluntary.
Authority:
AS
						21.06.090
AS
						21.39.155(b)
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 2 - Premium Installment Payments › 3 AAC 30.100 - Filing plans

Current through May 31, 2024
Each insurer writing workers' compensation policies, and
					 the Alaska Workers' Compensation Assigned Risk Pool, shall file with the
					 division of insurance and implement an installment payment plan not less
					 favorable to the insured than the minimum standards in
					 3 AAC 30.130 for any workers' compensation insured whose
					 estimated annual premium exceeds $2,000. Previously filed and approved
					 installment payment plans that are less favorable to the insured than the
					 minimum standards in
					 3 AAC 30.130 shall be construed and applied in
					 accordance with
					 3 AAC 30.130.
Authority:
AS
						21.06.090
AS 21.39.050
AS 21.39.130
AS 21.42.220
AS
						23.30.030(8)
AS
						23.30.265(18)
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 2 - Premium Installment Payments › 3 AAC 30.110 - Filing endorsements

Current through May 31, 2024
Each insurer writing workers' compensation insurance, and
					 the Alaska Workers' Compensation Assigned Risk Pool, shall file with the
					 division of insurance and attach to each issued insurance policy an endorsement
					 providing an explanation of the insured's option to pay the premium in full or
					 in installments if the insured's estimated annual premium exceeds
					 $2,000.
Authority:
AS
						21.06.090
AS 21.42.120
AS
						23.30.030(8)
AS
						23.30.265(18)
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 2 - Premium Installment Payments › 3 AAC 30.120 - Notice to applicant

Current through May 31, 2024
(a) Unless an insurer, directly or through an
				  agent or broker, without a specific request by an applicant, voluntarily offers
				  premiums to be paid in installments not less favorable to an applicant than the
				  minimum standards in
				  3 AAC 30.130, each insurer if a direct writer, agent, or
				  broker shall provide to each applicant for workers' compensation insurance
				  having an estimated annual premium in excess of $2,000 a clearly worded notice
				  explaining to the applicant that premium may be paid in installments upon
				  request by the applicant. An applicant's rejection of the voluntary offer of
				  installment payments shall be in writing and documented in the insurer's
				  underwriting file.
(b) If an
				  applicant has rejected the voluntary offer of installment payments, an offer to
				  renew the insurance by the insurer must include a written notice explaining to
				  the insured that premium may be paid in installments upon request of the
				  insured. Documentation of the written notice shall be maintained in the
				  insurer's underwriting file.
Authority:
AS
						21.06.090
AS 21.39.130
AS
						23.30.030(8)
AS
						23.30.265(18)
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 2 - Premium Installment Payments › 3 AAC 30.130 - Minimum standards

Current through May 31, 2024
Calculated in accordance with
					 AS
					 23.30.030(8), an installment
					 payment plan must offer terms at least as favorable to the insured as a deposit
					 premium, due at the inception of coverage, of
(1) 50 percent of the estimated annual
				  premium, and one installment for the balance of the estimated premium, which is
				  due
(A) 90 days after inception of coverage
				  if the estimated earned premium based on estimated payroll for the first
				  three-month period of the policy is 30 percent or less of the estimated annual
				  premium;
(B) 60 days after
				  inception of coverage if the estimated earned premium based on estimated
				  payroll for the first three-month period of the policy is more than 30 percent
				  but less than 40 percent of the estimated annual premium; or
(C) 30 days after inception of coverage if
				  the estimated earned premium based on estimated payroll for the first
				  three-month period of the policy is 40 percent or more of the estimated annual
				  premium;
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 3 - Workers' Compensation Review and Advisory Committee › 3 AAC 30.200 - Workers' compensation review and advisory committee

Current through May 31, 2024
(a) The director
				  will appoint a 10-member workers' compensation review and advisory committee to
				  assist and advise the director regarding workers' compensation matters. The
				  director will appoint a secretary to maintain minutes of all meetings, send
				  notice of all meetings as required under (d) of this section, and provide
				  necessary support and assistance to the committee. The secretary is not
				  required to be a member of the committee.
(b) Membership of the committee must include
(1) executive level personnel representing
				  the five insurers that consistently write the largest volume of workers'
				  compensation premiums in the voluntary market in this state;
(2) two Alaska licensed resident insurance
				  produces;
(3) representatives of
				  two insured Alaska employers that have workers' compensation coverage in the
				  voluntary market; and
(4) a
				  representative of one insured Alaska employer that currently has or has had
				  within the last three years workers' compensation coverage through the assigned
				  risk pool.
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 4 - Workers' Compensation Loss Reimbursement Requirements › 3 AAC 30.300 - Applicability

Current through May 31, 2024
Except for an excess workers' compensation policy issued
					 to an employer who holds a self-insurance certificate under
					 AS
					 23.30.090, 3 AAC 30.300 - 3 AAC 30.349 apply
					 to a workers' compensation policy issued to an employer in this
					 state.
Authority:
AS
						21.06.090
AS
						21.39.130
AS 21.30.025
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 4 - Workers' Compensation Loss Reimbursement Requirements › 3 AAC 30.310 - Workers' compensation deductibles prohibited; reimbursement of losses or loss expenses allowed

Current through May 31, 2024
(a) An insurer may not include a deductible
				  in a policy of workers' compensation insurance providing coverage under AS
				  23.30 (Alaska Workers' Compensation Act).
(b) An insurer may include a provision in a
				  policy of workers' compensation insurance providing coverage under AS 23.30
				  requiring an employer to reimburse the insurer for losses or loss expenses.
(c) A workers' compensation loss
				  reimbursement policy is also subject to the i-equirements under 3 AAC 29.900.
Authority:
AS
						21.06.090
AS
						21.39.130
AS
						21.42.075
AS
						23.30.025
AS
						23.30.030
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 4 - Workers' Compensation Loss Reimbursement Requirements › 3 AAC 30.320 - Adjustment of claims

Current through May 31, 2024
(a) An insurer shall handle the defense and
				  settlement of all claims as if no reimbursement provision applies. An employer
				  may not pay amounts directly to claimants or to another person other than the
				  insurer or, if applicable, the insurer's third-party administrator, to settle
				  workers' compensation obligations or to pay the associated settlement costs. An
				  employer may not adjust or administer claims or control a third- party
				  administrator or adjuster.
(b) An
				  insurer shall pay claims and settlement costs notwithstanding the failure of an
				  employer to reimburse the insurer or, if applicable, the insurer's third-party
				  administrator.
(c) The
				  cancellation or expiration of a loss reimbursement policy does not affect a
				  person's obligations for injuries under the policy which arose before the
				  policy's cancellation or expiration.
Authority:
AS
						21.06.090
AS
						21.42.075
AS
						23.30.030
Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 2 - Division of Insurance › Chapter 30 - Workers' Compensation › Article 4 - Workers' Compensation Loss Reimbursement Requirements › 3 AAC 30.330 - Reimbursement limits and aggregates

Current through May 31, 2024
(a) An insurer
				  shall specify in a loss reimbursement policy the
(1) nature of losses for which an employer
				  must reimburse the insurer; and
(2)
				  basis of the reimbursement limit.