Sec. 21.27.810. Surplus lines broker records.

163 words·~1 min read·/ak/title-21/chapter-27/21-27-810

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In addition to any other records requirements under this chapter, a surplus lines broker shall maintain in organized form a complete record including

(1)the amount of insurance and perils insured;

(2)a complete description of property insured and the location of the property;

(3)gross premium charged;

(4)a return premium paid;

(5)the rate of premium charged upon the several items of property;

(6)the effective date of the contract and the terms of the contract;

(7)the name and address of the insured;

(8)the name and address of the insurer;

(9)the amount of tax and other sums to be collected from the insured;

(10)the allocation of taxes by state under AS 21.34.180 ;

(11)evidence of insurance issued in compliance with AS 21.34.100 ;

(12)the identity and license number of the producing broker;

(13)any confirming correspondence from the insurer or the representative of the insurer; and

(14)the application.