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(a) No later than March 1, 2001, a title insurance company shall submit a report to the director that shows how the title insurance company intends to comply with 3 AAC 27.310 and 3 AAC 27.320. The initial report must include at least one year of data required by 3 AAC 27.320. This report must be updated annually until four years of data are submitted.
(b) A title insurance company shall make a filing under AS 21.66.370 that complies with 3 AAC 27.310 and 3 AAC 27.320 no later than March 1, 2005.
(c) Wilful failure to comply with (a) or (b) of this section is a violation under AS 21.66.420 .
History: Eff. 4/15/2000, Register 154
Authority: AS 21.06.090
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Last modified 7/05/2006