Alaska Statutes
Alaska Stat. § 21.42.240 (2026)
Binders
✓ current as of July 2026
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Sec. 21.42.240. Binders.
(a) A binder or other contract for temporary insurance may be made orally or in writing and shall be considered to include all the usual terms of the policy as to which the binder was given together with the applicable endorsements designated in the binder, except as superseded by the clear and express terms of the binder.
(b) A binder is not valid after the issuance of the policy with respect to which it was given, or after 90 days from its effective date, whichever period is the shortest.
(c) If the policy has not been issued a binder may be extended or renewed after the 90 days with the written approval of the insurer.
(d) This section does not apply to life or health insurances.
(a) A binder or other contract for temporary insurance may be made orally or in writing and shall be considered to include all the usual terms of the policy as to which the binder was given together with the applicable endorsements designated in the binder, except as superseded by the clear and express terms of the binder.
(b) A binder is not valid after the issuance of the policy with respect to which it was given, or after 90 days from its effective date, whichever period is the shortest.
(c) If the policy has not been issued a binder may be extended or renewed after the 90 days with the written approval of the insurer.
(d) This section does not apply to life or health insurances.
Notes of Decisions
Cited in 2
cases, 1984–1989 · leading case: Stewart-Smith Haidinger, Inc. v. Avi-Truck, Inc., 682 P.2d 1108 (Alaska 1984).
Stewart-Smith Haidinger, Inc. v. Avi-Truck, Inc., 682 P.2d 1108 (Alaska 1984). “AS 21.42.240. 13 Although the policy to which the YC-122 was added was the “usual” one for TNA, it clearly was not the “usual” policy for an aircraft, which, as a practical matter, could not have obtained an airworthiness certificate for the purpose for which it was insured.”
State Farm Fire & Cas. Co. v. Jin Ku Chung, 778 P.2d 586 (Alaska 1989). “AS 21.42.240 provides in full: Binders: (a) A binder or other contract for temporary insurance may be made orally or in writing, and shall be considered to include all the usual terms of the policy as to which the binder was given together with the applicable endorsements…”
— Alaska Stat. § 21.42.240(a) — 1 case
State Farm Fire & Cas. Co. v. Jin Ku Chung, 778 P.2d 586 (Alaska 1989). “AS 21.42.240 provides in full: Binders: (a) A binder or other contract for temporary insurance may be made orally or in writing, and shall be considered to include all the usual terms of the policy as to which the binder was given together with the applicable endorsements…”
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