An Act relating to the annual report of the director of the division of insurance and to notice of cancellation of personal insurance.

Updated: April 15, 1999

Section 1: Adds to AS 21.06.100 concerning the Director [of Insurance] annual report. Permits gathering of statistical information regarding health insurance, including the number of individual and group policies sold in Alaska.

Section 2: Adds a new subsection (2) to AS 1.36.220(a) concerning notification of cancellation of a personal insurance policy (e.g., automobile, homeowners) if that notice is to an Alaska 70 years or older. Permits an Alaskan 70 years or older to give a written request that mailing also be made to a designated party in addition to the insured. Requires the insurance company to notify policyholders of this option.