Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 23 - Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters
Article 4 - Fiduciary Responsibilities of Licensees
3 AAC 23.560 - Estimated billings
Universal Citation: 3 AK Admin Code 23.560
Current through February 24, 2025
(a) If a licensee estimates a billing, and the estimate differs from the insurer's invoice, the adjustment of a licensee's estimated billing must occur within a reasonable amount of time, not to exceed 31 business days after the licensee's receipt of notice of actual billing.
(b) Failure to comply with (a) of this section is a violation of AS 21.27.350 and 21.27.360.
Authority:AS 21.06.090
AS 21.27.350
AS 21.27.360
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