Made available by
Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.
You can also go to The Alaska Legal Resource Center or search the entire website search.
|
(a) Whenever a loan is paid in full or renewed before maturity (except by insurance), the licensee shall cancel existing life insurance and refund all unearned premiums.
(b) When a loan is paid in full or renewed before the first scheduled due date, the insurance is considered to have been in force for one full month unless paid or renewed the day the loan is made.
(c) In computing unearned premiums on or after the first scheduled due date, the number of months elapsed is the number of expired due dates plus the next due date if prepayment in full or renewal occurs eight days or more after a scheduled due date.
History: Eff. 6/30/77, Register 62
Authority: AS 06.20.260
Note to HTML Version:
The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.
If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.
Last modified 7/05/2006