(a) Each policy must specify
(1) the names of the parties of the contract;
(2) the subject of the insurance;
(3) the risks insured against;
(4) the time when the insurance thereunder takes effect and the period during which the insurance is to continue;
(5) the premium;
(6) the conditions pertaining to the insurance.
(b) If under the policy the exact amount of premium is determinable only at stated intervals or termination of the contract, a statement of the basis and rates upon which the premium is to be determined and paid shall be included.
(c) Subsections (a) and (b) of this section do not apply to surety contracts, or to group insurance policies.
(d) Each policy and annuity contract issued by an insurer, and the forms thereof filed with the director, must have printed on them an appropriate designating letter or figure, or combination of letters or figures, or terms identifying the respective forms of policies or contracts. When a change is made in the form, the designating letters, figures, or terms must be correspondingly changed.
Structure Alaska Statutes
Chapter 42. The Insurance Contract
Article 1. The Insurance Contract.
Sec. 21.42.010. Applicability.
Sec. 21.42.020. Insurable interest: life, annuity, or health.
Sec. 21.42.030. Insurable interest: property.
Sec. 21.42.040. Interest of named insured.
Sec. 21.42.050. Change of interest on death.
Sec. 21.42.060. Transfer of interest between joint insureds.
Sec. 21.42.070. Insurance without interest, or of wager, is void.
Sec. 21.42.075. Reimbursement of losses.
Sec. 21.42.080. Capacity to contract.
Sec. 21.42.090. Application required, life and health insurance.
Sec. 21.42.100. Request for copy of application; alteration.
Sec. 21.42.110. Representations in applications.
Sec. 21.42.120. Filing, approval of forms.
Sec. 21.42.123. Form filing subject to prior approval.
Sec. 21.42.125. Form filing subject to file and use; penalties.
Sec. 21.42.130. Grounds for disapproval.
Sec. 21.42.140. Standard provisions.
Sec. 21.42.145. Stop-loss insurance provisions.
Sec. 21.42.150. Policy must contain entire contract.
Sec. 21.42.160. Contents of policies in general.
Sec. 21.42.170. Additional policy contents.
Sec. 21.42.175. Non-English translations.
Sec. 21.42.180. Charter, bylaw provisions.
Sec. 21.42.190. Execution of policies.
Sec. 21.42.200. Underwriters' and combination policies.
Sec. 21.42.205. Coordination of benefits.
Sec. 21.42.210. Interest in reinsurance.
Sec. 21.42.220. Validity of noncomplying forms.
Sec. 21.42.230. Construction of policies.
Sec. 21.42.250. Delivery or posting of policy; notifications.
Sec. 21.42.260. Renewal by certificate.
Sec. 21.42.265. Effective date of coverage.
Sec. 21.42.270. Assignment of policies.
Sec. 21.42.280. Payment discharges insurer.
Sec. 21.42.290. Minor may give acquittance.
Sec. 21.42.300. Forms for proof of loss to be furnished.