Unless another form of payment is agreed to by the policyholder or beneficiary, an insurance company doing business in this state may not pay a judgment or settlement of a claim in this state for a loss incurred in this state with an instrument other than a negotiable bank check payable on demand and bearing even date with the date of writing or by electronic funds transfer.
Structure Alaska Statutes
Chapter 96. Miscellaneous Provisions
Sec. 21.96.015. Workplace safety program.
Sec. 21.96.018. Transportation network company insurance provisions.
Sec. 21.96.020. Required motor vehicle coverage.
Sec. 21.96.025. Motor vehicle insurance rate reductions.
Sec. 21.96.035. Mandatory appraisal.
Sec. 21.96.050. Arson information.
Sec. 21.96.060. Medicare supplemental insurance.
Sec. 21.96.070. Insurance tax education credit.
Sec. 21.96.080. Electronic transactions.
Sec. 21.96.090. Risk retention groups and purchasing groups.
Sec. 21.96.100. Appointment of independent counsel; conflicts of interest; settlement.
Sec. 21.96.110. Viatical settlement transactions.