(a) A service corporation may not issue or use a basic form of service agreement or subscriber’s contract, or application, identification, supplement, or endorsement to be connected with the agreement or contract, until the form has been filed with and approved by the director. This provision does not apply to riders, endorsements, or other forms of unique character designed for and used with relation to a particular subject.
Terms Used In Alaska Statutes 21.87.180
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
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
(b) The director shall approve the form unless disapproved on one or more of the grounds set out in (c) of this section. If not approved or disapproved by order transmitted to the filing service corporation within 30 days after the date filed, the form shall be considered to have been approved.(c) The director shall disapprove a proposed form referred to in (a) of this section, that
(1) is in any respect not in compliance with or in violation of law;(2) contains an inconsistent, ambiguous, or misleading clause, or exceptions and conditions that deceptively affect the services or benefits purported to be provided for in the general terms of the agreement or contract;(3) has any indication of its provisions which is misleading; or(4) is printed or otherwise reproduced in a manner that renders a provision of the form substantially illegible.(d) In an order of disapproval the director shall state the particulars of the grounds for disapproval.(e) A filing under this section is open to public inspection after the date the filing becomes effective.
