1994 Alaska Statutes
TITLE 21 INSURANCE
Chapter 21.57. CREDIT LIFE AND DISABILITY INSURANCE
Sec. 21.57.110. CLAIMS.
(a) All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All claims shall be settled as soon as possible and in accordance with the terms of the insurance contract.
(b) All claims shall be paid, in accordance with AS 21.89.030 , to the order of the claimant to whom payment of the claim is due under the policy provisions, or upon direction of the claimant to one specified.
(c) A plan or arrangement may not be used which authorizes a person, firm, or corporation other than the insurer or its designated claim representative to settle or adjust claims. The creditor may not be designated as claim representative for the insurer in adjusting claims; except, that a group policyholder may, by arrangement with the group insurer, draw drafts or checks in payment of claims due to the group policyholder subject to audit and review by the insurer.
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