Alaska § 21.36.240 - Failure to renew.
Full text of Alaska Alaska Statutes § 21.36.240 — Failure to renew., with citation guidance and answers to common questions.
§ 21.36.240. Failure to renew.
(a) An insurer may only fail to renew a personal insurance policy on the policy's annual anniversary. An insurer may not fail to renew a policy unless a written notice of nonrenewal is mailed to the named insured under AS 21.36.260 at least 45 days before the date the policy expires or the anniversary date of a policy written for a term longer than one year or with no fixed expiration date.
(b) In addition to the requirements in (a) of this section, an insurer may not fail to renew a homeowner's insurance policy based solely on the earliest claim made by the insured within the three-year period immediately preceding the policy's annual anniversary if the claim arises from a criminal act committed by a third party. In this subsection, “homeowner's insurance” includes coverage described in AS 21.36.460 (i)(7)(B) and (C).
(c) If notice of nonrenewal is not given as required by this section, the existing policy shall continue until the insurer provides notice for the period required by this section for the policy.
(d) This section does not apply (1) if the insurer has in good faith manifested its willingness to renew;
(2) in case of nonpayment of premium for the expiring policy;
(3) if the insured fails to pay the premium as required by the insurer for renewal; or
(4) to business or commercial policies placed under AS 21.34 .
(e) For purposes of this section, an offer of placement with an affiliate insurer does not constitute a failure by an insurer to renew coverage.
Frequently Asked Questions About Alaska § 21.36.240
What does Alaska Statutes § 21.36.240 cover?
Section 21.36.240 ("Failure to renew.") 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 § 21.36.240?
A common citation format is "Alaska Statutes § 21.36.240" (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 § 21.36.240 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.