Sec. 21.33.910. Definitions.
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/ak/title-21/chapter-33/21-33-910A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 21.33.910. Definitions.
In this chapter,
(1)“export” means to place surplus lines insurance with a nonadmitted insurer;
(2)“transaction of insurance” means the solicitation, negotiation, procurement, effectuation, or renewal of insurance; forwarding of applications; delivery of policies or contracts; inspection of risks; fixing of rates; investigation or adjustment of claims or losses; collection or forwarding of premiums; or transaction of matters subsequent to effectuation of the contract of insurance and arising out of it;
(3)“unauthorized person” means a person not licensed as a surplus lines broker, or not a salaried employee of the insured;
(4)“wet marine and transportation insurance” has the meaning given in AS 21.34.900 .