State statute · Alaska

Alaska Statutes Title 21 (Insurance), Chapter 12

Kinds of Insurance; Limits of Risk; Reinsurance (AS 21.12.010 - 21.12.130)

Publisher: Alaska State Legislature, BASIS
Edition: Alaska Statutes 2025 as served by akleg.gov/basis/statutes.asp on 2026-09-29
Last checked: 2026-09-29
Status: AK statutes and administrative code, public domain

Edition and licensing notes

Publisher. Alaska State Legislature, BASIS (akleg.gov)

Status. AK statutes and administrative code, public domain (state government edict).

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What this document is

Alaska Statutes Title 21 (Insurance), Chapter 12 - Kinds of Insurance; Limits of Risk; Reinsurance (AS 21.12.010 - 21.12.130) is a state statute published by Alaska State Legislature, BASIS (akleg.gov). It is one of the Alaska documents that insurance license exam questions are written from, including alaska property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

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AS 21.12.060 (Property insurance defined)
“Property insurance is insurance on real or personal property of every kind and of every interest therein, whether on land, water, or in the air, against loss or damage from any and all hazard or cause, and against loss consequential upon the loss or damage, other than noncontractual legal liability for loss or damage.”
AS 21.12.080(1)-(2) (Surety insurance defined)
“(1) fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions of public or private trust; (2) insurance guaranteeing the performance of contracts, other than insurance policies, and guaranteeing and executing bonds, undertakings, and contracts of suretyship;”
AS 21.12.090(b) (Marine, wet marine, and transportation insurance defined)
“(b) For the purposes of this title, “wet marine and transportation” insurance is that part of marine insurance that includes only (1) insurance on vessels, crafts, and hulls, and insurance of interests in or with relation to vessels, crafts, and hulls; (2) insurance of marine builder's risks,...”

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