Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 3 . Commerce, Community, and Economic Development
Chapter 29 . Miscellaneous
Section 420. Implementation requirements

3 AAC 29.420. Implementation requirements

If an insurer uses a schedule rating plan, the insurer

(1) must uniformly apply the plan to all eligible insureds or applicants;

(2) must apply the plan at each policy renewal;

(3) must assign credits or debits only for risk characteristics described in the plan; however, for each insured or applicant, the insurer may use underwriting judgment to determine an appropriate amount of any credit or debit within the filed range; and

(4) may not apply the plan in such a way as to duplicate other rating or rate development factors, including those in

(A) a manual rate;

(B) the classification of insureds within a rating system; or

(C) an experience rating plan.

History: Eff. 7/24/98, Register 147

Authority: AS 21.06.090

AS 21.39.030

AS 21.39.040

Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006