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11 time that the policy is in effect, be retained by the insurer for not less than three years 12 after the policy is no longer in effect, and be made available to the insured on request; 13 and 14 (5) may not include personally identifiable information. 15 (d) The insurer shall notify the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