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Title 3 . Commerce, Community, and Economic Development
Chapter 26 . Miscellaneous
Section 10. Purpose

3 AAC 26.010. Purpose

(a) The purpose of 3 AAC 26.010 - 3 AAC 26.300 is to define minimum standards for claim settlement acts and practices.

(b) Violation of a standard is an unfair or deceptive act and is prohibited.

(c) Violation of a standard with such frequency as to indicate a general business practice is an unfair or deceptive practice and is prohibited.

(d) Violation of a standard by a person who knew or should have known an act or practice violated the standard is subject to an additional penalty under AS 21.36.320 (e).

History: Eff. 5/6/89, Register 110

Authority: AS 21.06.090

AS 21.36.010

AS 21.36.125

AS 21.36.150

AS 21.36.320

AS 21.36.350

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Last modified 7/05/2006