LegalFix
Sign In

Sec. 21.27.810. Surplus lines broker records.

AK Stat § 21.27.810 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.

Previous Section
Sec. 21.27.790. Surplus lines broker qualifications.
Next Section
Sec. 21.27.820. Denial, nonrenewal, suspension, or revocation of surplus lines broker license.