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Title 3 . Commerce, Community, and Economic Development
Chapter 23 . Miscellaneous
Section 360. Security for financed premiums

3 AAC 23.360. Security for financed premiums

The only allowable security for financed premiums is the unearned premium or cash surrender value of the policy being financed, except that notes may be used to secure audit premiums that are financed after expiration of the policy or where the premium is fully earned before policy expiration.

History: Eff. 4/22/79, Register 70; am 3/11/98, Register 145

Authority: AS 21.06.090

AS 21.36.122

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Last modified 7/05/2006