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Title 3 . Commerce, Community, and Economic Development
Chapter 29 . Miscellaneous
Section 350. Underwriting standards

3 AAC 29.350. Underwriting standards

(a) An insurer may not use underwriting standards for individual risk selection in a group-marketed plan that are more restrictive overall than the standards used by the insurer for individual risk selection in the sale of the same kind of insurance in this state when a group-marketed plan is not used.

(b) If an insurer does not sell a kind of property or casualty insurance in this state other than through a group-marketed plan, the underwriting standards for individual risk selection in the group-marketed plan may not be more restrictive overall than the standards used by the insurer's principal affiliate for individual risk selection in the sale of the same kind of property or casualty insurance in this state when a group-marketed plan is not used.

History: Eff. 1/4/95, Register 133

Authority: AS 21.06.090

AS 21.36.090


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Last modified 7/05/2006