Alaska § 21.36.321 - Misrepresentation in financial institution sales.
Full text of Alaska Alaska Statutes § 21.36.321 — Misrepresentation in financial institution sales., with citation guidance and answers to common questions.
§ 21.36.321. Misrepresentation in financial institution sales.
In the sale of insurance by a financial institution, a person may not engage in any practice or use an advertisement that may tend to mislead or deceive a consumer or cause a consumer to erroneously believe that (1) the insurance is backed by or a return on the insurance is guaranteed by the state, the federal government, the person, or the Federal Deposit Insurance Corporation;
(2) the state or federal government (A) will pay a claim under an insurance contract that is an obligation of or was sold by the person;
(B) is responsible for the insurance sales activities of the person; or
(C) guarantees the credit of the person;
(3) for insurance that contains investment risk, the insurance does not contain investment risk, the principal may not be lost, or the value of the insurance may not decline;
(4) the lending of money, extension of credit, or a renewal of a loan is conditioned on the purchase of insurance from the person and that insurance may not be purchased from another source.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.36.321
What does Alaska Statutes § 21.36.321 cover?
Section 21.36.321 ("Misrepresentation in financial institution sales.") 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 § 21.36.321?
A common citation format is "Alaska Statutes § 21.36.321" (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 § 21.36.321 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.