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Current as of January 01, 2022 | Updated by FindLaw Staff
Consumer credit insurance transacted in connection with a credit transaction for a personal, household, or family purpose is subject to the provisions of this chapter except
(1) insurance written in connection with a credit transaction that is
(A) secured by a first mortgage or first deed of trust; and
(B) made to finance the purchase of real property, the construction of a dwelling, or to refinance a prior credit transaction made for that purpose;
(2) an isolated insurance transaction by the insurer not related to an agreement or a plan for insuring debtors of the creditor;
(3) insurance for which no identifiable charge is made to the debtor; or
(4) a loan or other credit transaction that exceeds $30,000.
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.57.020. Applicability - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-57-020/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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