If the director determines that an insurer transacting business in this state is impaired or in imminent danger of becoming impaired, the director may order an insurer to limit or change the insurer's business practices, increase the insurer's capital and surplus, or file additional reports with the director. If an insurer is aggrieved by an order under this section, the insurer may request a hearing under AS 21.06.170 - 21.06.230.
Structure Alaska Statutes
Chapter 09. Authorization, Corporate Governance Requirements
Article 1. Authorization of Insurers and General Requirements.
Sec. 21.09.010. Certificate of authority required.
Sec. 21.09.020. Exception from certificate of authority requirement.
Sec. 21.09.030. Admission for investment only.
Sec. 21.09.040. General eligibility of insurers.
Sec. 21.09.050. Name of insurer.
Sec. 21.09.060. Combinations of insuring powers in one insurer.
Sec. 21.09.070. Capital funds required of foreign insurers and new domestic insurers.
Sec. 21.09.080. Capital funds required of old domestic insurers.
Sec. 21.09.090. Deposit requirement.
Sec. 21.09.100. Management and affiliations.
Sec. 21.09.110. Application for certificate of authority.
Sec. 21.09.120. Issuance, refusal, and ownership of certificate.
Sec. 21.09.130. Continuance, expiration, reinstatement, and amendment of certificate.
Sec. 21.09.135. Voluntary surrender of certificate of authority.
Sec. 21.09.140. Mandatory revocation or suspension of certificate.
Sec. 21.09.150. Suspension or revocation for violations and special grounds.
Sec. 21.09.160. Notice of suspension or revocation and effect upon agent's authority.
Sec. 21.09.170. Duration of suspension, insurer's obligations, and reinstatement.
Sec. 21.09.175. Determination of impairment.
Sec. 21.09.180. Director attorney for service of process.
Sec. 21.09.190. Service of process.
Sec. 21.09.200. Annual statement; audited financial report.
Sec. 21.09.205. Quarterly statement.
Sec. 21.09.207. Statement of actuarial opinion and supporting documentation.
Sec. 21.09.210. Tax on insurers.
Sec. 21.09.242. Cooperation with the Department of Health.
Sec. 21.09.245. Required notice.
Sec. 21.09.247. Biographical affidavits.
Sec. 21.09.250. Prohibited acts.
Sec. 21.09.290. Risk retention groups.
Sec. 21.09.300. Disclosure of material transactions.
Sec. 21.09.310. Authorization of United States branches of alien insurers and general requirements.
Sec. 21.09.320. Maintenance of records; production; civil penalty.