3 AAC 28.327 - Consumer credit insurance written in connection with lease contracts
(a) For
purposes of meeting the maximum amount of insurance requirements under
AS
21.57.040 for consumer credit insurance on
lease contracts, the maximum amount of insurance is the sum of the remaining
lease payments including, if applicable, the payment of the fixed residual
value.
(b) Credit disability and
credit unemployment insurance may not be provided on the fixed residual
value.
(c) Prima facie rates for
consumer credit insurance on lease contracts are the actuarial equivalent of
the premium rates established in
3
AAC 28.340 -
3
AAC 28.352.
Notes
Authority:AS 21.06.090
AS 21.57.040
AS 21.57.130
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