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28th Legislature(2013-2014)

Bill Text 28th Legislature

00 Enrolled HB 175                                                                                                         
01 Allowing, under certain conditions, a property or casualty insurer to provide policies and                              
02 endorsements to an insured by posting the policies and endorsements on the insurer's Internet                           
03 website.                                                                                                                
04                           _______________                                                                               
05    * Section 1. AS 21.42.250(a) is amended to read:                                                                   
06            (a)  An insurer [SUBJECT TO THE INSURER'S REQUIREMENTS AS TO                                             
07       PAYMENT OF PREMIUM, EACH POLICY] shall provide a policy or                                                    
08       endorsement [BE MAILED OR DELIVERED] to the insured or to the person entitled                                 
09       to it by mail or delivery or by posting on the insurer's Internet website under (c)                           
10       of this section within a reasonable period of time after its issuance. The insurer is not                 
11       required to mail, deliver, or post the policy or endorsement until all conditions [,                          
12       EXCEPT WHERE A CONDITION] required by the insurer have [HAS NOT] been                                         
13       met by the insured.                                                                                               
14    * Sec. 2. AS 21.42.250 is amended by adding new subsections to read:                                               
01            (c)  An insurer may provide a property and casualty insurance policy or                                      
02       endorsements by posting the policy or endorsement on the insurer's Internet website                               
03       and clearly identifying the posted policy or endorsements purchased by the insured in                             
04       the declaration page provided to the insured. A property and casualty insurance policy                            
05       or endorsement posted under this subsection                                                                       
06                 (1)  must contain the standard or uniform provisions for property and                                   
07       casualty insurance required by AS 21.42.140;                                                                      
08                 (2)  must be in a form approved by the director under AS 21.42.120;                                     
09                 (3)  must be posted in a manner that reasonably allows the insured to                                   
10       retrieve and print or save the policy or endorsement from the website without paying a                            
11       fee;                                                                                                              
12                 (4)  must remain posted on the insurer's Internet website during the                                    
13       time that the policy or endorsement is in effect, be retained by the insurer for not less                         
14       than three years after the policy or endorsement is no longer in effect, and be made                              
15       available to the insured on request; and                                                                          
16                 (5)  may not include personally identifiable information.                                               
17            (d)  The insurer shall notify the insured at the time of issuance or renewal of                              
18       the method by which the insured may request and the insurer shall provide a paper or                              
19       electronic copy of the insured's policy or endorsement without the insured paying a                               
20       fee.                                                                                                              
21            (e)  If the policy or endorsement change or the means of obtaining policy                                    
22       information from the insurer's Internet website changes, the insurer shall notify the                             
23       insured in the manner the insurer customarily communicates with an insured.                                       
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