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Title 3 . Commerce, Community, and Economic Development
Chapter 25 . Miscellaneous
Section 100. Monthly premium report

3 AAC 25.100. Monthly premium report

(a) The original and one copy of the monthly premium report summary required of a surplus lines broker by AS 21.34.170 must be submitted to the division at its Juneau office, and must be postmarked on or before the last working day of each month. The report must include all surplus lines insurance transactions of the previous calendar month for each nonadmitted insurer with which surplus lines coverage was placed. If no transactions took place during the month, the report must be completed with a statement that no transactions occurred during the month being reported, signed as required, and filed on or before the due date.

(b) The monthly premium report summary must include, for each nonadmitted insurer with which surplus lines coverage was placed,

(1) the name of the surplus lines broker;

(2) the surplus lines broker's license number;

(3) the total gross premiums charged, less any return premium, and resulting taxes and fees, by policy type code;

(4) the month's total gross premiums charged, less any return premium, and the month's total resulting taxes and fees; and

(5) the notarized signature of the surplus lines broker.

(c) The monthly premium report summary for each nonadmitted insurer must include each transaction of the previous calendar month. A report must include the initial placement of coverage as well as changes in coverage during that month which result in an increase or decrease of premiums, taxes, or fees.

History: Eff. 8/28/91, Register 119; am 3/11/98, Register 145

Authority: AS 21.06.090

AS 21.34.170

AS 21.34.250


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If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006