BULLETIN B 02-12

TO: ALL LICENSEES AND ADMITTED INSURERS WRITING PERSONAL AUTO INSURANCE IN THE STATE OF ALASKA AND OTHER INTERESTED PARTIES

RE: MANDATORY SHORT TERM AUTOMOBILE INSURANCE POLICIES

Recently, the Division of Insurance became aware that some insurers have declined to offer short term automobile liability insurance coverage in Alaska, as required by AS 21.89.020(g). AS 21.89.020 (g) states:

An insurance company offering automobile liability insurance in this state shall offer a short term policy valid for no more than seven days. The coverage available for the short term policy must be comparable to coverage available for longer term policies. The provisions of AS 21.36.210 - 21.36.310 do not apply to short term policies issued under this subsection.

The division will enforce this requirement, along with all other automobile liability insurance statutory requirements.

The division has issued two previous bulletins that address short term automobile policies, both of which remain in effect. Bulletin 89-4 and Bulletin 96-3 may be accessed on the division’s web page at http://www.commerce.state.ak.us/insurance/bulletins/bulletins.htm

If you have any questions regarding this bulletin, contact the Division of Insurance; P.O. Box 110805; Juneau, AK 99811-0805; (907) 465-2515; fax (907) 465-3422; or via electronic mail at

Dated this 4th day of June 2002, at Anchorage, Alaska.


Robert A. Lohr
Director

 


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