Title 29 — Insurance and Insurance Companies
6 chapters · 124 sections in this title.
A.S.C.A. § 29.1573 Preliminary proof of loss
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When preliminary proof of loss is required by a policy, the insured is not bound to give such proof as would be necessary in a court of justice, but it is sufficient for him to give the best evi-dence in his power at the time. History: 1974, PL 13-58 § 1.
A.S.C.A. § 29.1574 Waiver of defects in notice or preliminary proof
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All defects in a notice of loss, or in preliminary proof thereof, which the insured might remedy, and which the insurer omits to specify to him, without unnecessary delay, as ground of objection, are waived. History: 1974, PL 13-58 § 1.
A.S.C.A. § 29.1575 Waiver of delay
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Delay in the presentation to an insurer of notice, or preliminary proof of loss, is waived if caused by an act of the insurer, or if he omits to make objection promptly and specifically upon that ground. History: 1974, PL 13-58 § 1.
A.S.C.A. § 29.1576 Proof by third person-Sufficient compliance
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If a policy requires, by way of preliminary proof of loss, the certificate or testimony of a person other than the insured or beneficiary, there is sufficient compliance with the requirement if the insured or the beneficiary uses reasonable diligence to procure the certificate or…
A.S.C.A. § 29.1577 Failure to pay loss, recovery of amount due, and damages
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In all cases where loss occurs and the insurer liable therefor fails to pay the same within the time specified in the policy, after demand made therefor, the insurer is liable to pay the holder of the policy, in addition to the amount of such loss, 12% damages upon the amount of …
A.S.C.A. § 29.1578 Total loss by fire or miscellaneous insurance-Recovery of full amount
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A fire or miscellaneous insurance policy, in case of a total loss of any risk insured under the classes specified in this chapter as fire or miscellaneous insurance, must be held and considered to be a liquidated demand against the insurer taking the risk for the full amount stat…
A.S.C.A. § 29.1580 Definition
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Double insurance exists when the same person is insured by several insurers separately in respect to the same subject, interest and risk. History: 1974, PL 13-58 § 1.
A.S.C.A. § 29.1581 Contribution by insurers
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In case of double insurance, the several insurers are liable to pay losses thereon as follows: (a) In fire and miscellaneous insurance, each insurer shall contribute ratably without regard to the dates of the several policies. (b) In marine insurance, the liability of the several…
A.S.C.A. § 29.1590 Definition
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A contract of reinsurance is one by which an insurer procures a third person to insure him against loss or liability by reason of such original insurance. History: 1974, PL 13-58 § 1.
A.S.C.A. § 29.1591 Authorization
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No admitted insurer may reinsure with any other insurer who has not been previously admitted in American Samoa, or who has not been approved by the Commissioner as a reinsurer. History: 1974, PL 13-58 § 1.