1. (a) A licensee under AS 21.27 may, if acting in the licensee's own name, finance premiums or extend credit to a person whose insurance coverage has been placed through that licensee. A licensee under AS 21.27 may not, except through an affiliate or subsidiary, finance premiums or extend credit to a person to whom the licensee has not directly provided the insurance for which premiums are financed or credit is extended.
2. (b) If an affiliate or subsidiary of a licensee under AS 21.27 finances premiums or extends credit for insurance premiums, the affiliate or subsidiary must be licensed under AS 06.40.010.
3. (c) Except through an affiliate or subsidiary properly licensed under AS 06.40.010, a licensee may not finance premiums or extend credit to a person to whom the licensee has not directly provided the insurance for which premiums are financed or credit is extended.

(Eff. 4/22/79, Register 70; am 3/11/98, Register 145)