Current through September 25, 2024
Section 3 AAC 25.090 - Report of insurance transactions(b) In addition to the information required by AS 21.34.080, a surplus lines broker shall include the following information in the report of each surplus lines insurance transaction on a form prescribed by the director: (1) the policy term and policy number;(2) identification of the type of insurance as it is required to be reported in the annual statement that must be filed with the director by an admitted insurer;(3) the gross premiums written for each type of insurance identified under (2) of this subsection;(4) if the National Association of Insurance Commissioners has not assigned the company number referenced in AS 21.34.080, an identifying number for that company that has been obtained from the division;(5) the name and firm license number issued under AS 21.27.010(a) of the producing broker;(6) the name and firm license number issued under AS 21.27.010(a) of the surplus lines broker.(d) Late reporting of a transaction is subject to a penalty under 3 AAC 25.100(e).(e) In AS 21.34.080(a)(1), "insured" means the "First Named Insured" for the transaction described in the report.Eff. 8/28/91, Register 119; am 10/21/92, Register 124; am 6/11/2006, Register 178; am 7/25/2008, Register 187; am 12/20/2020, Register 211, October 2014; am 12/20/2020, Register 236, January 2021 Authority:AS 21.06.090
AS 21.34.080
AS 21.34.250