™Your Policy Risk Impact Agent
53 chapters · 1,082 sections in this title.
AS 21.42.010 Applicability.
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AS 21.42.010 — 21.42.599 do not apply to (1) reinsurance; (2) policies or contracts not issued for delivery in this state or delivered in this state, except as provided in AS 21.42.120; (3) wet marine and transportation insurance; (4) title insurance, except that AS 21.42.080, 21…
AS 21.42.020 Insurable interest: life, annuity, or health.
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(a) A person of competent legal capacity may procure or effect an insurance contract on the life or body of the person for the benefit of any person. A person may not procure or cause to be procured an insurance contract upon the life or body of another person unless the benefits…
AS 21.42.030 Insurable interest: property.
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(a) A contract of insurance of property or of an interest in property or arising from property may not be enforced as to the insurance except for the benefit of persons having an insurable interest in the things insured at the time of the loss. (b) The measure of an insurable int…
AS 21.42.040 Interest of named insured.
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When the name of the person insured is specified in a policy insuring property the insurance can be applied only to the proper interest of the person insured.