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Before each sale, an insurer or producer selling insurance through a group-marketed plan shall disclose to a prospective insured all features of the plan, whether favorable or unfavorable, including premium rates, benefits, duration of coverage, policyholder services, conversion privileges available, and the financial interest in the plan of the sponsoring employer, association, organization, or group.
History: Eff. 1/4/95, Register 133
Authority: AS 21.06.090
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Last modified 7/05/2006