3 AAC 25.040 - Surplus lines placement list
(a) After a hearing
held under
AS
21.06.180-21.06.230, the director will issue
an order that lists the kinds of insurance that may be placed with a
nonadmitted insurer that appears on the eligible list published under
AS
21.34.050.
(b) The director will hold a hearing and
issue an order at least once every 12 months.
(c) A person may request a hearing under
AS
21.06.180 to add a kind of insurance to the
list or to delete a kind of insurance from the list.
(d) Only those kinds of insurance for which
insureds generally are unable to secure coverage from admitted insurers will be
included on the surplus lines placement list.
Notes
Authority:AS 21.06.090
AS 21.34.020
AS 21.34.250
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