Sec. 21.51.220. Relation of earnings to insurance.
(a) There may be a provision as follows: “Relation of Earnings to Insurance: If the total monthly amount of loss of time benefits promised for the same loss under all valid loss of time coverage upon the insured, whether payable on a weekly or monthly basis, shall exceed the monthly earnings of the insured at […]
Sec. 21.51.230. Unpaid premiums.
There may be a provision as follows: “Unpaid Premiums: Upon the payment of a claim under this policy, a premium then due and unpaid or covered by a note or written order may be deducted from it.”
Sec. 21.51.240. Conformity with state statutes.
There may be a provision as follows: “Conformity with State Statutes: Any provision of this policy which, on its effective date, is in conflict with the statutes of the state in which the insured resides on that date is amended to conform to the minimum requirements of the statutes.”
Sec. 21.51.250. Illegal occupation.
There may be a provision as follows: “Illegal Occupation: The insurer shall not be liable for a loss to which a contributing cause was the insured’s commission of or attempt to commit a felony or to which a contributing cause was the insured’s being engaged in an illegal occupation.”
Sec. 21.51.260. Intoxicants and narcotics.
There may be a provision as follows: “Intoxicants and Narcotics: The insurer shall not be liable for a loss sustained or contracted in consequence of the insured’s being intoxicated or under the influence of a narcotic unless administered on the advice of a physician.”
Sec. 21.51.270. Renewal at option of insurer.
Health insurance policies, other than accident insurance only policies, in which the insurer reserves the right to refuse renewal on an individual basis, must provide in substance in a provision or in an endorsement or rider attached to it that, subject to the right to terminate the policy upon nonpayment of premium when due, the […]
Sec. 21.51.280. Order of certain provisions.
The provisions that are the subject of AS 21.51.040 – 21.51.260, or any corresponding provisions that are used in lieu thereof in accordance with these sections, shall be printed in the consecutive order of the provisions in the sections or, at the option of the insurer, the provision may appear as a unit in any […]
Sec. 21.51.290. Third-party ownership.
The word “insured,” as used in this chapter, may not prevent a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under a policy to any indemnities, benefits, and rights provided in the policy.
Sec. 21.51.300. Requirement of other jurisdictions.
(a) A policy of a foreign or alien insurer, when delivered or issued for delivery to a person in this state, may contain any provision that is not less favorable to the insured or the beneficiary than the provisions of this chapter and that is prescribed or required by the law of the state or […]
Sec. 21.51.310. Conforming to statute.
(a) A policy provision that is not subject to this chapter may not make a policy, or any portion of a policy, less favorable to the insured or the beneficiary than the provisions of the policy that are subject to this chapter. (b) A policy delivered or issued for delivery to a person in this […]