State statute · Alaska

Alaska Statutes Title 21 (Insurance), Chapter 42

The Insurance Contract (AS 21.42.010 - 21.42.705)

Publisher: Alaska State Legislature, BASIS
Edition: Alaska Statutes 2025
Last checked: 2026-09-02
Status: AK statutes, public domain

Edition and licensing notes

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

Edition. Alaska Statutes 2025 (34th Legislature, 2025-2026)

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

Read the official text Practice questions from this source

What this document is

Alaska Statutes Title 21 (Insurance), Chapter 42 - The Insurance Contract (AS 21.42.010 - 21.42.705) 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 life & health, alaska property & casualty, alaska personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

AS tit. 21, ch. 42 § 21.42.100(b) (Request for Copy of Application; Alteration)
“An alteration of a written application for a life or health insurance policy may not be made by a person other than the applicant without the written consent of the applicant, except that insertions may be made by the insurer, for administrative purposes only, in a manner that indicates clearly...”
AS tit. 21, ch. 42 § 21.42.345(a)(1) (Required Provision for Coverage of Dependents)
“(a) A health care insurance plan providing coverage for a dependent of a covered individual shall, as to the dependent’s coverage, also provide that the health care insurance benefits applicable for dependents shall be payable with respect to (1) a newly born child of a covered individual from the moment of birth;”
AS tit. 21, ch. 42 § 21.42.020(a) (Insurable Interest: Life, Annuity, or Health)
“A person may not procure or cause to be procured an insurance contract upon the life or body of another person unless the benefits under the contract are payable to the individual insured, the personal representatives of the individual insured, or to a person having, at the time the contract was...”
AS tit. 21, ch. 42 § 21.42.110 (Representations in Applications)
“Misrepresentations, omissions, concealment of facts, and incorrect statements may not prevent a recovery under the policy or contract unless either (1) fraudulent; (2) material either to the acceptance of the risk, or to the hazard assumed by the insurer; or (3) the insurer in good faith would...”
AS tit. 21, ch. 42 § 21.42.270 (Assignment of policies)
“The assignment entitles the insurer to deal with the assignee as the owner or pledgee of the policy in accordance with the terms of the assignment until the insurer has received at its home office written notice of termination of the assignment or pledge, or written notice by or on behalf of some...”
AS tit. 21, ch. 42 § 21.42.020(a) (Insurable interest: life, annuity, or health)
“A person may not procure or cause to be procured an insurance contract upon the life or body of another person unless the benefits under the contract are payable to the individual insured, the personal representatives of the individual insured, or to a person having, at the time the contract was...”
AS 21.42.090 (Application required, life and health insurance)
“A life or health insurance contract upon an individual, except a contract of group life insurance or of group or blanket health insurance, may not be made or effectuated unless at the time of the making of the contract the individual insured, being of competent legal capacity to contract, applies...”
AS 21.42.175(a), (b) (Non-English translations)
“(a) The director may approve an insurance policy form in a language other than English if the insurance policy form (1) is filed with a copy of the same material in English; and (2) discloses, in both English and the language other than English, that the English language version is the official...”
AS 21.42.290 (Minor may give acquittance)
“(a) A minor domiciled in this state who has attained the age of 16 years shall be considered competent to receive and to give full acquittance and discharge for a payment or payments in aggregate amount not exceeding $3,000 in any one year made by a life insurer under the maturity, death, or...”
AS 21.42.310 (Claims administration not waiver)
“Without limitation of a right or defense of an insurer otherwise, none of the following acts by or on behalf of an insurer constitute a waiver of a provision of a policy or of a defense of the insurer thereunder: (1) acknowledgment of the receipt of notice of loss or claim under the policy; (2)...”
AS 21.42.385(a) (Dental, vision, and hearing coverage)
“(a) Except for a fraternal benefit society, a health care insurer that offers, issues for delivery, delivers, or renews in this state a health care insurance plan, including a Medicare supplement policy to the extent not prohibited by 42 U.S.C. 1395 (Social Security Act), shall offer to each plan...”
AS 21.42.240(a) (Binders)
“(a) A binder or other contract for temporary insurance may be made orally or in writing and shall be considered to include all the usual terms of the policy as to which the binder was given together with the applicable endorsements designated in the binder, except as superseded by the clear and...”

Practice this material

Alaska Life & Health practice test Alaska Property & Casualty practice test Alaska Personal Lines practice test

Questions about this source

No. This page summarizes the document and links to the official version. Always rely on the text published by Alaska State Legislature, BASIS (akleg.gov) for the current law.

Practice questions for Alaska Life & Health, Alaska Property & Casualty, Alaska Personal Lines cite this document.

More Alaska sources

See all Alaska sources →