Sec. 21.36.325. Definitions for AS 21.36.317 — 21.36.325.
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/ak/title-21/chapter-36/21-36-325A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 21.36.325. Definitions for AS 21.36.317 — 21.36.325.
In AS 21.36.317 — 21.36.325, unless the context otherwise requires,
(1)“consumer” means a person who obtains, applies to obtain, or is solicited to obtain insurance from or on behalf of a financial institution;
(2)“financial institution” means a bank holding company under 12 U.S.C. 1841 (Bank Holding Company Act of 1956); a credit union under 12 U.S.C. 1752 (Federal Credit Union Act); a bank, savings bank, savings and loan association, or trust company, or any depository institution under 12 U.S.C. 1813(c)(1); and any other person authorized to take federally insured deposits and make loans in the state; “financial institution” includes any employee or agent of a financial institution and any nondepository affiliate or subsidiary of a financial institution but only in the instances when the nondepository affiliate or subsidiary is soliciting the sale or purchase of insurance recommended or sponsored by, on the premises of, or in connection with a product offering of the financial institution; “financial institution” does not include an insurer.