Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 25 - Surplus Lines - Unauthorized Insurers
3 AAC 25.090 - Report of insurance transactions
Universal Citation: 3 AK Admin Code 3 AAC 25.090
Current through February 24, 2025
(a) Repealed 6/11/2006.
(b) In addition to the information required by AS 21.34.080, a surplus lines broker shall include the following information in the report of each surplus lines insurance transaction on a form prescribed by the director:
(1) the policy term and policy
number;
(2) identification of the
type of insurance as it is required to be reported in the annual statement that
must be filed with the director by an admitted insurer;
(3) the gross premiums written for each type
of insurance identified under (2) of this subsection;
(4) if the National Association of Insurance
Commissioners has not assigned the company number referenced in
AS
21.34.080, an identifying number for that
company that has been obtained from the division;
(5) the name and firm license number issued
under AS
21.27.010(a) of the
producing broker;
(6) the name and
firm license number issued under
AS
21.27.010(a) of the surplus
lines broker.
(c) Repealed 12/20/2020.
(d) Late reporting of a transaction is subject to a penalty under 3 AAC 25.100(e).
(e) In AS 21.34.080(a)(1), "insured" means the "First Named Insured" for the transaction described in the report.
Authority:AS 21.06.090
AS 21.34.080
AS 21.34.250
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