Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 27 - Title Insurance
Article 1 - Title Insurance
3 AAC 27.310 - General ratemaking components
Universal Citation: 3 AK Admin Code 27.310
Current through February 24, 2025
(a) When determining title insurance rates, a title insurance company shall base the rates on the following:
(1) amounts paid to or
retained by title insurance limited producers;
(2) operating expenses;
(3) payment of claims and claim related
expenses;
(4) investment
income;
(5) reasonable
profit;
(6) premium
taxes;
(7) any other relevant
factors.
(b) A title insurance company shall include statistical and financial data as described in 3 AAC 27.320 to support each item in (a) of this section in the title insurance rate filing required under AS 21.66.370 and 21.66.380.
Authority:AS 21.06.090
AS 21.66.370
AS 21.66.380
AS 21.66.390
AS 21.66.410
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