Alaska Statutes

Alaska Stat. § 21.80.020 (2026)

Applicability

✓ text as last checked Sept. 2026 (this copy records no edition or section history)
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Sec. 21.80.020. Applicability.
This chapter applies to all kinds of direct insurance written by an admitted insurer, except that this chapter does not apply to the following:
     (1) life, annuity, health, or disability insurance;

     (2) residual value, mortgage guaranty, or financial guaranty of other forms of insurance offering protection against investment risks;

     (3) bonding obligations, including fidelity or surety bonds;

     (4) insurance protecting the interests of a creditor arising out of a creditor-debtor transaction, including credit insurance, vendors' single interest insurance, or collateral protection insurance;

     (5) insurance of warranties or service contracts, including insurance providing for
          (A) the repair, replacement, or service of goods or property;

          (B) indemnification for repair, replacement, or service of goods or property; or

          (C) reimbursement for liability incurred by a person issuing a warranty or service contract;

     (6) title insurance;

     (7) a transaction or combination of transactions between a person, including the person's affiliates, and an insurer, including the insurer's affiliates, that involves the transfer of investment or credit risk unaccompanied by the transfer of insurance risk;

     (8) insurance provided by or guaranteed by a government;

     (9) a risk retention group formed under 15 U.S.C. 3901 — 3906 (Liability Risk Retention Act);

     (10) insurance written on a retroactive basis to cover known losses for which a claim has already been made and the claim is known to the insurer at the time the insurance is bound.




Notes of Decisions
Cited in 2 cases, 1979–1979 · leading case: White v. Alaska Ins. Guar. Ass'n, 592 P.2d 367 (Alaska 1979).
White v. Alaska Ins. Guar. Ass'n, 592 P.2d 367 (Alaska 1979). “AS 21.80.020, AS 21.80.-040, AS 21.80.180(6).”
King v. Jordan, 601 P.2d 273 (Alaska 1979). “AS 21.80.020. 7 . AS 21.80.030. 8 . Membership is a condition of transacting insurance business in Alaska.”
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