When consumer credit insurance is required as additional security for a debt, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through an insurer authorized to transact an insurance business in this state.
Structure Alaska Statutes
Chapter 57. Consumer Credit Insurance
Sec. 21.57.020. Applicability.
Sec. 21.57.030. Authorized types of consumer credit insurance.
Sec. 21.57.040. Amount of consumer credit insurance.
Sec. 21.57.050. Duration of coverage.
Sec. 21.57.055. Disclosure to debtors.
Sec. 21.57.060. Provisions of policies and certificates of insurance.
Sec. 21.57.070. Requirements for evidence of insurance.
Sec. 21.57.080. Filing of forms and rates.
Sec. 21.57.090. Premiums and refunds.
Sec. 21.57.100. Issuance of policies.
Sec. 21.57.120. Selection rights of insured.
Sec. 21.57.125. Duties of an insurer.