Sec. 21.96.100. Appointment of independent counsel; conflicts of interest; settlement.
(a) If an insurer has a duty to defend an insured under a policy of insurance and a conflict of interest arises that imposes a duty on the insurer to provide independent counsel to the insured, the insurer shall provide independent counsel to the insured unless the insured in writing waives the right to independent […]
Sec. 21.96.110. Viatical settlement transactions.
(a) The director shall regulate the transaction of viatical settlement contracts for the protection of viators, insureds, and insurers. The authority of the director under this subsection extends to the regulation of transactions between a viator and a viatical settlement provider and between a viator and a person acting as an agent in viaticating a […]
Sec. 21.96.120. Waiver for state innovation.
The director may apply to the United States Secretary of Health and Human Services under 42 U.S.C. 18052 for a waiver of applicable provisions of P.L. 111-148 (Patient Protection and Affordable Care Act) with respect to health insurance coverage in the state for a plan year beginning on or after January 1, 2017. The director […]
Sec. 21.96.200. Good faith estimate.
Upon request of a covered person who is receiving nonemergency health care services, a health care insurer shall provide a good faith estimate of the amount of the reasonably anticipated charges for treating the patient’s specific condition under AS 18.23.400(g).
Sec. 21.97.010. Particular provisions prevail.
Provisions of this title relative to a particular kind of insurance or a particular type of insurer or to a particular matter prevail over provisions relating to insurance in general or insurers in general or to a particular matter in general.
Sec. 21.97.020. General civil penalty.
A person determined by the director, following an appropriate hearing as provided in AS 21.06.170 – 21.06.230, to have wilfully violated a provision of this title or a regulation adopted under it is subject to a civil penalty of not more than $25,000.
Sec. 21.97.030. Material incorporated by reference.
The director may adopt a regulation that incorporates by reference the Financial Analysis Handbook published by the National Association of Insurance Commissioners. Under AS 44.62.245(a)(2), in adopting or amending a regulation that incorporates the Financial Analysis Handbook published by the National Association of Insurance Commissioners, the director may incorporate future amended versions of the Financial […]
Sec. 21.97.900. Definitions for title.
In this title, unless the context requires otherwise, (1) “admitted insurer” means an authorized insurer; (2) “agent” means a person appointed by an insurer to solicit applications for insurance or annuities on its behalf, and if authorized to do so, to effectuate and countersign insurance contracts, except life or health insurance or annuities, and to […]
Sec. 21.96.050. Arson information.
(a) When an insurer has reason to believe that a fire loss in which it has an interest may have been caused by other than accidental means, it shall immediately supply a written report of that fact to the Department of Public Safety. (b) When requested in writing by an authorized agency, an insurer shall […]
Sec. 21.96.060. Medicare supplemental insurance.
The director shall adopt regulations necessary to comply with the requirements of 42 U.S.C. 1395ss, and any amendments to that section or federal regulations pertaining to that section, so that the state may retain full authority to set certain standards for Medicare supplemental insurance.