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2018 Alaska Statutes
Title 21. Insurance
Chapter 57. Consumer Credit Insurance
Sec. 21.57.120. Selection rights of insured.
Universal Citation: AK Stat § 21.57.120 (2018)
When consumer credit insurance is required as additional security for a debt, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through an insurer authorized to transact an insurance business in this state.
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