Alaska § 21.18.060 - Unearned premium reserve.
Full text of Alaska Alaska Statutes § 21.18.060 — Unearned premium reserve., with citation guidance and answers to common questions.
§ 21.18.060. Unearned premium reserve.
(a) Except as otherwise provided in AS 21.18.070 , an insurer shall maintain an unearned premium reserve on all policies in force against loss or damage to property, including loss or damage under general casualty or surety insurance.
(b) The director may require that the reserves be equal to the unearned portions of the gross premiums in force after deducting applicable reinsurance in solvent insurers as computed on each respective risk from the policy's date of issue.
(c) An insurer shall compute all of the reserves on a monthly or more frequent pro rata basis.
(d) After adopting a method for computing the reserve, an insurer may not change methods without approval of the supervisory official of the insurer's state of domicile.
(e) This section does not apply to title insurance.
Frequently Asked Questions About Alaska § 21.18.060
What does Alaska Statutes § 21.18.060 cover?
Section 21.18.060 ("Unearned premium reserve.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 21.18.060?
A common citation format is "Alaska Statutes § 21.18.060" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 21.18.060 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.