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(a) The purpose of 3 AAC 26.010 - 3 AAC 26.300 is to define minimum standards for claim settlement acts and practices.
(b) Violation of a standard is an unfair or deceptive act and is prohibited.
(c) Violation of a standard with such frequency as to indicate a general business practice is an unfair or deceptive practice and is prohibited.
(d) Violation of a standard by a person who knew or should have known an act or practice violated the standard is subject to an additional penalty under AS 21.36.320 (e).
History: Eff. 5/6/89, Register 110
Authority: AS 21.06.090
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Last modified 7/05/2006