Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 25 - Surplus Lines - Unauthorized Insurers
3 AAC 25.100 - Quarterly report

(a) The quarterly report required of a surplus lines broker by AS 21.34.170 shall be filed electronically in the location required by the director. Filing of the quarterly report must occur on or before the corresponding due date under AS 21.34.170. The quarterly report must be signed by the surplus lines broker. The signature may be an electronic signature. If no transactions took place during the period, a report is not required for that period.

The quarterly report must be signed by the surplus lines broker. If no transactions took place during the period, a report is not required for that period.

(b) The quarterly report must include

(c) The quarterly report must include the initial placement of coverage as well as changes in coverage during that period that result in an increase or decrease of premiums, taxes, or fees. The surplus lines broker shall use the effective date for the initial placement of coverage. Initial placement of coverage includes new and renewal transactions

(d) A surplus lines broker shall use the date the endorsement is invoiced as the transaction date for an endorsement that generates an increase or decrease in premium.

(e) A surplus lines broker shall pay a pena ty to the division for the late filing of a quarterly report according to the following rate schedule for filing after the due date requirement in AS 21.34.170 and (a) of this section:

(f) The penally in (e) of this section does not apply to the filing of amended reports under 3 AAC 25.105, except for the filing or a new transaction not previously reported.