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Title 3 . Commerce, Community, and Economic Development
Chapter 25 . Miscellaneous
Section 90. Report of insurance transactions

3 AAC 25.090. Report of insurance transactions

(a) A surplus lines broker shall submit to the division at its Juneau office an original and one copy of the report of surplus lines transaction required by AS 21.34.080 . The report must be submitted with the monthly premium report required by AS 21.34.170 .

(b) In addition to the information required by AS 21.34.080 (a), the report of surplus lines transaction shall include the following minimum information in a format approved by the director:

(1) the policy term and the date coverage was bound;

(2) a complete description of the subject and location of the risk;

(3) identification of the type of coverage for the risk identified in (2) of this subsection by the code for each type of policy as listed below:

(A) fire (Code 01);

(B) allied lines (Code 02);

(C) farmowners multiple peril (Code 03);

(D) homeowners multiple peril (Code 04);

(E) commercial multiple peril (Code 05);

(F) ocean marine (Code 08);

(G) medical malpractice (Code 11);

(H) earthquake (Code 12);

(I) excess workers' compensation or employer's liability (Code 16);

(J) liquor liability (Code 17.1);

(K) day care liability (Code 17.2);

(L) pollution liability (Code 17.3);

(M) legal professional liability (Code 17.4);

(N) architects' and engineers' professional liability (Code 17.5);

(O) other professional liability (Code 17.6);

(P) other liability (Code 17.7);

(Q) private passenger auto liability (Code 19.2);

(R) commercial auto liability (Code 19.4);

(S) private passenger auto physical damage (Code 21.1);

(T) commercial auto physical damage (Code 21.2);

(U) commercial aircraft (all perils) (Code 22.1);

(V) personal aircraft (all perils) (Code 22.2);

(W) fidelity (Code 23);

(X) surety (Code 24);

(Y) glass (Code 25);

(Z) burglary and theft (Code 26);

(AA) boiler and machinery (Code 27);

(BB) all other placements - identify the type (Code 31);

(4) the gross premiums charged for each coverage identified in (3) of this subsection;

(5) the name of and National Association of Insurance Commissioners (NAIC) group and company number for each insurer for each premium identified in (4) of this subsection; a number shall be obtained from the division if the NAIC has not assigned one;

(6) the name and Alaska firm license number of the producing broker;

(7) the name and Alaska firm license number of the surplus lines broker.

(c) Each report of a surplus lines transaction must be signed before a notary public by every surplus lines broker involved in the placement of coverage.

History: Eff. 8/28/91, Register 119; am 10/21/92, Register 124

Authority: AS 21.06.090

AS 21.34.080

AS 21.34.250

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Last modified 7/05/2006