Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 26 - Trade Practices
Article 11 - Consumer Payment Clauses
3 AAC 26.890 - Insurer options for accepting premium payments
Universal Citation: 3 AK Admin Code 26.890
Current through February 24, 2025
(a) Except to the extent that an insurer's filed rating plans or policy forms dictate otherwise, nothing in 3 AAC 26.880 or 3 AAC 26.885 requires an insurer to
(1) accept payment of premium by a particular
method;
(2) offer a premium payment
plan;
(3) charge a fee specifically
in connection with
(A) a premium payment
plan;
(B) providing another
service; or
(C) accepting premium
payments by a particular method; or
(4) consider a policyholder's choice of
payment plan or payment method as a risk characteristic in rating.
(b) An insurer that does not charge fees described in (a)(3) of this section does not violate AS 21.36.090 or 21.36.120 solely because the insurer does not pass on incurred expenses on an itemized basis.
Authority:AS 21.06.090
AS 21.36.090
AS 21.36.120
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