INSURANCE AND INSURANCE COMPANIES
Chapters:
02 Insurance
Commissioner
03 Insurers-General
Requirements
04 Uniform
Unauthorized Insurers Act
05-09 (Reserved)
10 General
Insurance Brokers
11-14 (Reserved)
15 Contract
of Insurance
Sections:
29.0101 Definitions.
29.0102 Scope of title.
29.0103 Notices to be in
writing-Service.
29.0104 References to
time.
29.0105 Prohibited acts.
29.0106 Exercise of
power.
29.0107 Perjury.
29.0108 Violation-Penalty.
Reviser’s
Comment:
Section 1 of PL 13-58, 1974, provided, in part,
that this part may be cited as the “Insurance Law”.
Section 1 of PL 13-58, 1974, provided, in part,
that: “No action or proceedings commenced, and no right accrued, prior to the
effective date hereof, is affected by this act this part; but, all procedure
hereafter taken shall conform to this act this part so far as possible.”
Section 1 of PL 13-58, 1914, provided, in part,
that: “This act this part insofar as it is substantially the same as existing
statutory provisions relating to the same subject matter shall be construed as
restatements and continuations thereof, and not as new enactments.”
29.0101 Definitions.
The following rules and
definitions shall be used in interpreting the provisions of this title:
(1) The present tense includes the past and future tenses, and the
future, the present.
(2) “Shall” is mandatory and “may” is permissive unless otherwise
apparent from the context.
(3) “Action” means any action, suit, or legal proceeding.
(4) “Adjuster” means any person who acts for or on behalf of an
insurer or an insured in determining and making settlement of the amount
payable to the insured for any loss or damage under a policy.
(5) “Admitted” in relation to a person means entitled to transact
insurance business in American Samoa under the laws of American Samoa;
“nonadmitted” in relation to a person means not entitled to transact insurance
business in American Samoa under the laws of American Samoa.
(6) “Advisory organization” means every person, other than an
admitted insurer, who prepares policy forms or makes underwriting rules, or who
collects and furnishes loss or expense statistics or other statistical
information and data and acts in an advisory, as distinguished from a
rate-making, capacity. No duly authorized attorney acting in the usual course
of his profession shall be deemed an advisory organization.
(7) “Agent” means a person appointed by an insurer to solicit
applications for insurance or to negotiate insurance on its behalf, and, if
authorized to do so by the insurer, to effect and countersign insurance
policies. Agent means both general agent and subagent unless otherwise
apparent from the context.
(8) “Alien” means organized under the laws of any government other
than American Samoa or the United States or any political subdivision thereof,
whether admitted or not.