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- Alaska Statutes.
- Title 21. Insurance
- Chapter 36. Trade Practices and Frauds
- Section 235. Notice of Premium or Coverage Changes Upon Renewal.
previous: Section 230
. Statement of Reasons. [Repealed, Sec. 47 Ch 29 SLA 1987].
next: Section 240
. Failure to Renew.
AS 21.36.235. Notice of Premium or Coverage Changes Upon Renewal.
- (a) Except as provided in AS 21.36.305
, if the renewal premium is increased more than 10 percent for a reason other than an increase in coverage or exposure
base, or if after renewal there will be a material restriction or reduction in coverage not specifically requested by
the insured, written notice shall be mailed to the insured and to the agent or broker of record as required by AS 21.36.260
- (1) at least 20 days before expiration of a personal insurance policy; or
- (2) at least 45 days before expiration of a business or commercial policy.
- (b) If notice before expiration of the policy is not given as required by (a) of this section, the existing policy shall
continue until the insurer provides notice for the time period required by (a) of this section for that policy.
- (c) This section does not apply to workers' compensation insurance or to business or commercial policies issued under AS
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