Alaska Statutes.
Title 21. Insurance
Chapter 36. Trade Practices and Frauds
Section 321. Misrepresentation in Financial Institution Sales.
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AS 21.36.321. Misrepresentation in Financial Institution Sales.

In the sale of insurance by a financial institution, a person may not engage in any practice or use an advertisement that may tend to mislead or deceive a consumer or cause a consumer to erroneously believe that
        (1) the insurance is backed by or a return on the insurance is guaranteed by the state, the federal government, the person, or the Federal Deposit Insurance Corporation;
        (2) the state or federal government
             (A) will pay a claim under an insurance contract that is an obligation of or was sold by the person;
             (B) is responsible for the insurance sales activities of the person; or
             (C) guarantees the credit of the person;
        (3) for insurance that contains investment risk, the insurance does not contain investment risk, the principal may not be lost, or the value of the insurance may not decline;
        (4) the lending of money, extension of credit, or a renewal of a loan is conditioned on the purchase of insurance from the person and that insurance may not be purchased from another source.

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