A person licensed under AS 21.27 may not
(1) enter into any insurance transaction in which the premium is financed by other than the licensee unless the person providing the financing is licensed under and in compliance with AS 06.40 or is exempted from licensure under AS 06.40.020; or
(2) finance premiums or extend credit to persons purchasing insurance except as provided in regulations adopted by the director; the director shall adopt regulations establishing the conditions under which licensees may extend credit or finance premiums except that in no event may the regulations permit a rate of interest on amounts lent or credit extended greater than that provided in AS 06.40.120.
Structure Alaska Statutes
Chapter 36. Trade Practices and Frauds
Article 5. Specific Acts and Types of Insurance.
Sec. 21.36.440. Required disclosure for failure to provide coverage to an applicant.
Sec. 21.36.450. Definition of insurer for AS 21.36.430 - 21.36.440.
Sec. 21.36.461. Extraordinary life circumstances.
Sec. 21.36.465. Notice of limited motor vehicle insurance.
Sec. 21.36.470. Violation of viatical settlement provisions prohibited.
Sec. 21.36.475. Limitation on owner controlled and contractor controlled insurance programs.
Sec. 21.36.480. Genetic information nondiscrimination.
Sec. 21.36.485. Coverage of children.
Sec. 21.36.490. Premium financing.
Sec. 21.36.495. Prompt payment of health care insurance claims.
Sec. 21.36.500. Unfair financial planning practices.
Sec. 21.36.505. Health discount plans.
Sec. 21.36.510. Nondisclosure of personal financial and personal health information.