Enrolled HB 175: 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.
00Enrolled 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is in effect, be retained by the insurer for not less 14 than three years after the policy or endorsement is no longer in effect, and be made 15 available to the insured on request; and 16 (5) may not include personally identifiable information. 17 (d) The insurer shall notify the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.