™Your Policy Risk Impact Agent
53 chapters · 1,082 sections in this title.
AS 21.60.010 Over-insurance prohibited.
0.8K chars
(a) Over-insurance shall be considered to exist if property or an insurable interest in property is insured by one or more insurance contracts against the same hazard in an amount in excess of the fair value of the property or of the interest, as determined on the effective date …
AS 21.60.020 Replacement insurance.
0.4K chars
By a contract of insurance of property or of any insurable interest in the property, the insurer may in connection with a special provision or endorsement made a part of the policy insure the cost of repair or replacement of the property, if damaged or destroyed by a hazard insur…
AS 21.60.030 Depreciation of labor.
0.3K chars
In a residential property policy, the valuation of the expense of labor may not be depreciated, except where offered as a stand-alone endorsement that specifically identifies the intangible items subject to depreciation. An endorsement offered under this section must be an option…