On May 4, 2015, the director of the division of insurance adopted regulation changes in Title 3, Chapter 26 of the Alaska Administrative Code dealing with standards for prompt, fair, and equitable settlements of motor vehicle and property claims. The revisions address the use of electronic databases and other methods in addition to dealer quotes, while maintaining consumer protections. Additionally, similar changes are made to the property settlement claims regulation to update regulations to reflect the advancement of claims adjusting.
The regulations were signed and filed by the Lieutenant Governor on May 7, 2015 and have an effective date of June 6, 2015.
The regulations will be printed in Register 214, July 2015 of the Alaska Administrative Code.