1996 Alaska Statutes
TITLE 21 INSURANCE
Chapter 21.80. ALASKA INSURANCE GUARANTY ASSOCIATION ACT
Sec. 21.80.140. Recognition of assessments in rates.
The rates and premiums charged for insurance policies to which this chapter applies may include amounts sufficient to offset the assessment made under this chapter and paid to the association by the member insurer less amounts returned to the member insurer by the association and these rates may not be considered excessive because they contain an amount reasonably calculated to offset assessments paid by the member insurer. The amount charged on a policy shall be shown separate from the premium for coverage on the policy. A rating organization may make a provision in its rate filing to recover an assessment under this chapter for the organization's member and subscriber insurers. The assessment charge is not considered a premium and is not subject to the premium tax imposed under AS 21.09.210 .
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