(a) A title insurance company shall make rates that are not excessive or inadequate, that do not unfairly discriminate between risks in this state that involve essentially the same exposure to loss and expense elements, and that give due consideration to
Terms Used In Alaska Statutes 21.66.390
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) the desirability for stability of rate structures;(2) the necessity of assuring the financial solvency of title insurance companies in periods of economic depression by encouraging growth in assets of title insurance companies in periods of high business activity;(3) the necessity for assuring a reasonable margin of underwriting and operating profit; and(4) investment income.(b) A title insurance company shall adopt basic classifications of policies or contracts of title insurance that shall be used as the basis for rate-making.
