Alaska Statutes.
Title 21. Insurance
Chapter 60. Property Insurance Contracts
Section 20. Replacement Insurance.
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AS 21.60.020. Replacement Insurance.

By a contract of insurance of property or of any insurable interest in the property, the insurer may in connection with a special provision or endorsement made a part of the policy insure the cost of repair or replacement of the property, if damaged or destroyed by a hazard insured against, and without deduction of depreciation, subject to reasonable regulations that may be adopted by the director.

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