Alaska Admin. Code tit. 3, § 28.480 – Loss ratio determinations | Midpage
§ 3.28.480
Alaska Admin. Code tit. 3, § 28.480
Loss ratio determinations
Effective Mar 26, 1982Alaska Register 81(Eff. 3/26/82, Register 81)
(a) A rate credit or dividend paid may be used only in the loss ratio determinations if it directly inures to the benefit of the person who actually pays the premium for the coverage provided.
(b) A rate credit reserve on dividend liability may be used only in the loss ratio determinations if the accrued rate credit or dividend will directly inure to the benefit of the person who actually pays the premium for the coverage provided.