Section 3 AAC 26.890 - Insurer options for accepting premium payments(a) Except to the extent that an insurer's filed rating plans or policy forms dictate otherwise, nothing in 3 AAC 26.880 or 3 AAC 26.885 requires an insurer to (1) accept payment of premium by a particular method;(2) offer a premium payment plan;(3) charge a fee specifically in connection with(A) a premium payment plan;(B) providing another service; or(C) accepting premium payments by a particular method; or(4) consider a policyholder's choice of payment plan or payment method as a risk characteristic in rating.(b) An insurer that does not charge fees described in (a)(3) of this section does not violate AS 21.36.090 or 21.36.120 solely because the insurer does not pass on incurred expenses on an itemized basis. Eff. 12/20/2020, Register 236, January 2021Authority:AS 21.06.090
AS 21.36.090
AS 21.36.120