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Title 3 . Commerce, Community, and Economic Development
Chapter 28 . Miscellaneous
Section 405. Definitions

3 AAC 28.405. Definitions

In 3 AAC 28.310 - 3 AAC 28.405, unless the context requires otherwise,

(1) "evidence of individual insurability" means a statement furnished by a debtor, as a condition of consumer credit insurance becoming effective, that relates specifically to the debtor's

(A) health status;

(B) medical condition, including physical and mental illnesses;

(C) claims experience;

(D) receipt of health care; or

(E) medical history;

(2) "fixed residual value" means for a lease contract the contractual amount for which the leased property may be purchased at the end of the lease.

History: Eff. 6/6/93, Register 126; am 7/2/2001, Register 158

Authority: AS 21.06.090

AS 21.57.130

AS 21.57.160

Editor's note: See AS 21.57.160 for additional definitions that apply to this chapter.


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Last modified 7/05/2006