Title 21 — Insurance
53 chapters · 1,244 sections in this title.
AS 21.45.310 Prohibited policy plans.
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(a) An insurer may not issue for delivery or deliver in this state a life insurance policy or annuity contract issued under any plan for the segregation of policyholders into mathematical groups and providing benefits for a surviving policyholder of a group arising out of the dea…
AS 21.45.320 Industrial life insurance defined. [Repealed, § 17 ch 21 SLA 1985.]
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[Repealed or reserved.]
AS 21.48.010 Group requirements for group contracts.
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(a) A group life insurance policy may not be issued for delivery in this state unless the group is a bona fide association or the group was formed for purposes other than obtaining insurance or is a trust established, adopted, or participated in by one or more employers or labor …
AS 21.48.020 Secs. 21.48.020 — 21.48.050. Employee, union, trustee, and public employee groups. [Repealed, § 3 ch 30 SLA 1984.]
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[Repealed or reserved.]
AS 21.48.060 Debtor groups.
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The lives of a group of individuals may be insured under a policy issued to a creditor, who shall be considered the policyholder, to insure the debtors of the creditor, subject to the following requirements: (1) the debtors eligible for insurance under the policy shall be all of …
AS 21.48.070 Credit union group.
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The lives of a group of individuals may be insured under a policy issued to a credit union organized under the laws of the state or the Federal Credit Union Act, which shall be considered the policyholder, to insure eligible members for amounts of insurance not in excess of the s…
AS 21.48.090 Dependents' coverage. [Repealed, § 3 ch 30 SLA 1984.]
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[Repealed or reserved.]
AS 21.48.100 Provisions required in group contracts.
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A policy of group life insurance may not be delivered in this state unless it contains in substance the provisions set out in AS 21.48.110 — 21.48.200 or provisions that in the opinion of the director are more favorable to the persons insured, or at least as favorable to the pers…
AS 21.48.110 Grace period.
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The group life insurance policy must contain a provision that the policyholder is entitled to a grace period of 31 days for the payment of a premium due except the first, during which grace period the death benefit coverage shall continue in force, unless the policyholder gave th…
AS 21.48.120 Incontestability.
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The group life insurance policy must contain a provision that the validity of the policy may not be contested, except for nonpayment of premium, after it has been in force for two years from its date of issue; and that a statement made by a person insured under the policy relatin…
AS 21.48.130 Application.
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The group life insurance policy must contain a provision that a copy of the application, if any, of the policyholder shall be attached to the policy when issued, that all statements made by the policyholder or by the persons insured shall be considered representations and not war…
AS 21.48.140 Insurability.
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The group life insurance policy must contain a provision setting out the conditions, if any, under which the insurer reserves the right to require a person eligible for insurance to furnish evidence of individual insurability satisfactory to the insurer as a condition to part or …
AS 21.48.150 Misstatement of age.
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The group life insurance policy must contain a provision specifying an equitable adjustment of premiums or of benefits or of both to be made if the age of a person insured has been misstated, the provision to contain a clear statement of the method of adjustment to be used.
AS 21.48.160 Payment of benefits.
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The group life insurance policy must contain a provision that any sum becoming due by reason of the death of the person insured shall be payable to the beneficiary designated by the person insured, subject to the provisions of the policy if there is no designated beneficiary as t…
AS 21.48.170 Certificate.
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The group life insurance policy must contain a provision that the insurer will issue to the policyholder for delivery to each person insured an individual certificate listing the insurance protection to which the insured is entitled, to whom the insurance benefits are payable, an…
AS 21.48.180 Conversion on termination of eligibility.
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The group life insurance policy must contain a provision that if the insurance, or any portion of it, on a person covered under the policy ceases because of termination of employment or of membership in the class or classes eligible for coverage under the policy, the person shall…
AS 21.48.190 Conversion on termination of policy.
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The group life insurance policy must contain a provision that if the group policy terminates or is amended to terminate the insurance of any class of insured persons, every person insured under the policy at the date of the termination whose insurance terminates and who has been …
AS 21.48.200 Death pending conversion.
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The group life insurance policy must contain a provision that if a person insured under the policy dies during the period within which the person would have been entitled to have an individual policy issued in accordance with AS 21.48.180 or 21.48.190 and before the individual po…
AS 21.48.210 Notice as to conversion right.
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If an individual insured under a group life insurance policy hereafter delivered in this state becomes entitled under the terms of the policy to have an individual policy of life insurance issued without evidence of insurability, subject to making application and paying the first…
AS 21.48.220 Employee life insurance.
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“Employee life insurance” is that plan of life insurance, other than salary savings life insurance or pension trust insurance and annuities, under which individual policies are issued to the employees of an employer and where the policies are issued on the lives of not less than …
AS 21.48.230 Violations.
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Violations of this chapter are subject to the penalties provided by AS 21.97.020.
AS 21.51.010 Applicability.
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Nothing in this chapter applies to or affects (1) a policy of liability or workers' compensation insurance with or without supplementary expense coverage; (2) a group or blanket policy; (3) life insurance, endowment or annuity contracts, or supplemental contracts that contain onl…
AS 21.51.020 Scope, format of policy.
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A policy of health insurance may not be delivered or issued for delivery to a person in this state unless it otherwise complies with this title, and complies with the following: (1) the entire money and other considerations must be expressed in the policy; (2) the time the insura…
AS 21.51.030 Required provisions.
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(a) Except as provided in (b) of this section, each policy delivered or issued for delivery to a person in this state must contain the provisions specified in AS 21.51.040 — 21.51.150, in the words in which the same appear; except, that the insurer may, at its option, substitute …
AS 21.51.040 Entire contract.
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There shall be a provision as follows: “Entire Contract; Changes: This policy, including the endorsements and the attached papers, if any, constitutes the entire contract of insurance. No change in this policy shall be valid until approved by an executive officer of the insurer a…
AS 21.51.050 Time limit on certain defenses.
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There shall be a provision as follows: “Time Limit on Certain Defenses: (1) After three years from the date of issue of this policy no misstatements, except fraudulent misstatements, made by the applicant in the application for the policy shall be used to void the policy or to de…
AS 21.51.060 Grace period.
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(a) There shall be a provision as follows: “Grace Period: A grace period of (insert a number not less than '7' for weekly premium policies, '10' for monthly premium policies and '31' for all other policies) days will be granted for the payment of each premium falling due after th…
AS 21.51.070 Reinstatement.
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(a) Except for a policy offered or renewed in this state on a health care exchange and subject to federal regulations on reinstatement, there shall be a provision as follows: “Reinstatement: If (1) a renewal premium is not paid within the time granted the insured for payment, (2)…
AS 21.51.080 Notice of claim.
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(a) There shall be a provision as follows: “Notice of Claim: Written notice of claim must be given to the insurer within 20 days after the occurrence or commencement of a loss covered by the policy, or as soon thereafter as is reasonably possible. Notice given by or on behalf of …
AS 21.51.090 Claim forms.
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There shall be a provision as follows: “Claim Forms: The insurer, within 10 working days after receipt of a notice of claim, will furnish to the claimant forms that are usually furnished by it for filing proofs of loss. If the forms are not furnished within 10 days after the givi…
AS 21.51.100 Proofs of loss.
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There shall be a provision as follows: “Proofs of Loss: Written proof of loss must be furnished to the insurer at its office in case of claim for loss for which this policy provides periodic payment contingent upon continuing loss within 90 days after the termination of the perio…
AS 21.51.110 Time of payment of claims. [Repealed, § 49 ch 80 SLA 2006.]
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[Repealed or reserved.]
AS 21.51.120 Payment of claims.
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(a) A health insurance policy delivered or issued for delivery must contain the following provisions: (1) indemnity for loss of life shall be paid according to the beneficiary designation and payment provisions contained in the policy that are effective at the time of payment; if…
AS 21.51.130 Physical examination, autopsy.
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There shall be a provision as follows: “Physical Examinations and Autopsy: The insurer at its own expense shall have the right and opportunity to examine the person of the insured when and as often as it may reasonably require during the pendency of a claim hereunder and to make …
AS 21.51.140 Legal actions.
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There shall be a provision as follows: “Legal Actions: No action at law or in equity shall be brought to recover on this policy before the expiration of 60 days after written proof of loss has been furnished in accordance with the requirements of this policy. No action shall be b…
AS 21.51.150 Change of beneficiary.
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There shall be a provision as follows: “Change of Beneficiary: Unless the insured makes an irrevocable designation of beneficiary, the right to change a beneficiary is reserved to the insured and the consent of the beneficiary or beneficiaries shall not be requisite to surrender …
AS 21.51.160 Optional policy provisions.
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Except as provided in AS 21.51.030(b), a policy delivered or issued for delivery to a person in this state may not contain provisions respecting the matters set out in AS 21.51.170 — 21.51.260 unless the provisions are in the words in which the same appear in the applicable secti…
AS 21.51.170 Change of occupation.
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There may be a provision as follows: “Change of Occupation: If the insured is injured or contracts sickness after changing occupations to one classified by the insurer as more hazardous than that stated in this policy or while doing for compensation anything pertaining to an occu…
AS 21.51.180 Misstatement of age.
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There may be a provision as follows: “Misstatement of Age: If the age of the insured has been misstated, all amounts payable under this policy shall be that which the premium paid would have purchased at the correct age.”
AS 21.51.190 Other insurance in this insurer.
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(a) There may be a provision as follows: “Other Insurance in this Insurer: If an accident or sickness or accident and sickness policy or policies previously issued by the insurer to the insured is in force concurrently herewith, making the aggregate indemnity for ........ (insert…
AS 21.51.200 Insurance with other insurers providing benefits for loss on a provision of service or expense incurred basis.
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(a) There may be a provision as follows: “Insurance With Other Insurers: If there is other valid coverage, not with this insurer, providing benefits for the same loss on a provision of service basis or on an expense incurred basis and of which this insurer has not been given writ…
AS 21.51.210 Insurance with other insurers providing benefits for loss on other than an expense incurred basis.
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(a) There may be a provision as follows: “Insurance With Other Insurers: If there is other valid coverage, not with this insurer, providing benefits for the same loss on other than an expense incurred basis and of which this insurer has not been given written notice before the oc…
AS 21.51.220 Relation of earnings to insurance.
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(a) There may be a provision as follows: “Relation of Earnings to Insurance: If the total monthly amount of loss of time benefits promised for the same loss under all valid loss of time coverage upon the insured, whether payable on a weekly or monthly basis, shall exceed the mont…
AS 21.51.230 Unpaid premiums.
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There may be a provision as follows: “Unpaid Premiums: Upon the payment of a claim under this policy, a premium then due and unpaid or covered by a note or written order may be deducted from it.”
AS 21.51.240 Conformity with state statutes.
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There may be a provision as follows: “Conformity with State Statutes: Any provision of this policy which, on its effective date, is in conflict with the statutes of the state in which the insured resides on that date is amended to conform to the minimum requirements of the statut…
AS 21.51.250 Illegal occupation.
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There may be a provision as follows: “Illegal Occupation: The insurer shall not be liable for a loss to which a contributing cause was the insured's commission of or attempt to commit a felony or to which a contributing cause was the insured's being engaged in an illegal occupati…
AS 21.51.260 Intoxicants and narcotics.
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There may be a provision as follows: “Intoxicants and Narcotics: The insurer shall not be liable for a loss sustained or contracted in consequence of the insured's being intoxicated or under the influence of a narcotic unless administered on the advice of a physician.”
AS 21.51.270 Renewal at option of insurer.
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Health insurance policies, other than accident insurance only policies, in which the insurer reserves the right to refuse renewal on an individual basis, must provide in substance in a provision or in an endorsement or rider attached to it that, subject to the right to terminate …
AS 21.51.280 Order of certain provisions.
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The provisions that are the subject of AS 21.51.040 — 21.51.260, or any corresponding provisions that are used in lieu thereof in accordance with these sections, shall be printed in the consecutive order of the provisions in the sections or, at the option of the insurer, the prov…
AS 21.51.290 Third-party ownership.
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The word “insured,” as used in this chapter, may not prevent a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under a policy to any indemnities, benefits, and rights provid…