3 AAC 26.890 - Insurer options for accepting premium payments
(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.
Notes
Authority:AS 21.06.090
AS 21.36.090
AS 21.36.120
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