(a) The purpose of 3 AAC 26.010 -- 3 AAC 26.300 is to define minimum standards for claim settlement acts and practices.
(b) Violation of a standard is an unfair or deceptive act and is prohibited.
(c) Violation of a standard with such frequency as to indicate a general business practice is an unfair or deceptive practice and is prohibited.
(d) Violation of a standard by a person who knew or should have known an act or practice violated the standard is subject to an additional penalty under AS 21.36.320(e).
AUTHORITY: AS 21.06.090; AS 21.36.010; AS 21.36.125; AS 21.36.150; AS 21.36.320; AS 21.36.350
