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- Alaska Statutes.
- Title 21. Insurance
- Chapter 3. Scope of Code
- Section 21. Application of Title.
previous: Section 20
. Application of Code as to Particular Types of Insurers. [Repealed, Sec. 2 Ch 234 SLA 1968].
next: Section 30
. - 21.03.050. Existing Certificates of Authority and Licenses; Existing Forms and Filings; Existing Domestic Insurers. [Repealed, Sec. 47 Ch 29 SLA 1987].
AS 21.03.021. Application of Title.
- (a) In addition to the exclusion contained in AS 21.03.070
, this title does not apply to a life insurance or annuity company organized and operated without profit to any private
shareholder or individual exclusively for the purpose of aiding and strengthening educational institutions by issuing
insurance and annuity contracts only to or for the benefit of the institutions and individuals engaged in the service
of these institutions; however, all policies and contracts issued by such an organization must provide for acceptance
of service of process within this state.
- (b) Except as otherwise provided in this title, a person that provides coverage for the cost of medical care in this state
is subject to this title unless the person shows that, while providing coverage for medical care, the person is subject
to the jurisdiction of another agency of this state or of the federal government by providing the director with the
appropriate certificate, license, or other document issued by the other governmental agency that permits or qualifies
the person to provide coverage for medical care.
- (c) A person described under (b) of this section who is unable to show that the person is subject to the jurisdiction of
another governmental agency under (b) of this section and who has not received a certificate of authority under AS 21.85
- (1) is subject to all appropriate provisions of this title regarding the conduct of the person's business; and
- (2) shall submit to an examination by the director to determine the organization and solvency of the person and to
determine whether the person complies with this title.
- (d) A person that advertises, administers, sells, or transacts the coverage of medical care under (b) of this section and
is required to submit to an examination by the director under (c)(2) of this section shall advise every purchaser,
prospective purchaser, or covered person that the person's coverage may not be regulated under Alaska insurance law and
may not be covered by the Alaska Life and Health Insurance Guaranty Association under AS 21.79.
- (e) This title does not apply to a service contract offered, issued for delivery, delivered, or renewed in this state. In
this subsection, "service contract"
- (1) means a service contract or agreement for a separate or additional consideration, for a specific duration, to
- (A) maintain, service, repair, or replace tangible personal property, or to indemnify for repair, replacement, or
maintenance, for an operational or structural failure due to a defect in materials or workmanship or normal wear and
tear, with or without additional provision for incidental indemnity payments when service, repair, or replacement is
not reasonably or commercially feasible;
- (B) repair, replace, or maintain tangible personal property damaged as a result of power surges or as a result of
accidental damage from the handling of property damaged by power surges; or
- (C) repair, replace, or maintain household consumer goods, household appliances, and household systems, including damage
resulting from operational or structural failure due to a defect in materials or workmanship or normal wear and tear;
- (2) does not include
- (A) mechanical breakdown insurance;
- (B) a contract that requires an indemnity payment per incident and the payment exceeds the purchase price of the property
- (C) a contract to provide service on a motor vehicle subject to registration under AS 28.10.011
- (D) a home warranty; in this subparagraph, "home warranty" means a warranty that covers the entire home and does not
include a warranty limited to a household system or appliance.
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