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Title 3 . Commerce, Community, and Economic Development
Chapter 28 . Miscellaneous
Section 480. Loss ratio determinations

3 AAC 28.480. Loss ratio determinations

(a) A rate credit or dividend paid may be used only in the loss ratio determinations if it directly inures to the benefit of the person who actually pays the premium for the coverage provided.

(b) A rate credit reserve on dividend liability may be used only in the loss ratio determinations if the accrued rate credit or dividend will directly inure to the benefit of the person who actually pays the premium for the coverage provided.

History: Eff. 3/26/82, Register 81

Authority: AS 21.06.090

AS 21.42.130

AS 21.89.060

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Last modified 7/05/2006