Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 26 - Trade Practices
Article 1 - Unfair Claims Settlement Acts or Practices
3 AAC 26.075 - Arbitration
Current through February 24, 2025
An insurer may include an arbitration provision in an insurance contract subject to the following:
(1) the insurer and the insured must agree to the arbitration provision;
(2) the arbitration provision must describe the manner for
(3) the insurer and the insured must agree to the venue of an arbitration proceeding before the proceeding begins; if no agreement on the venue of an arbitration proceeding is reached, the insurer, insured, or both jointly may request the director to make the venue determination after a hearing;
(4) a participant in an arbitration proceeding must have the option of participating by telephone;
(5) except as otherwise provided in AS 21.96.020(f), AS 09.43 must govern the agreement to arbitrate; and
(6) the insurer must retain in the insurer's records documentation to establish the insurer or the insurer's agent specifically informed the insured, before the insured entering into the insurance contract, of
Authority:AS 21.06.090
AS 21.36.125
AS 21.42.120
AS 21.42.130