If the director finds, after giving notice and an opportunity to be heard, that a person has committed a violation of this chapter that makes the continued operation of an insurer contrary to the interests of its policyholders or the public, the director may suspend, revoke, or refuse to renew the insurer's license or authority to do business in this state for a period that the director finds is required for the protection of policyholders or the public. Such a determination by the director must be accompanied by specific findings of fact and conclusions of law.
Structure Alaska Statutes
Chapter 22. Insurance Holding Companies
Sec. 21.22.010. Filing requirements for acquisition of control of or merger with domestic insurer.
Sec. 21.22.020. Content of statement for acquisition or merger filing.
Sec. 21.22.030. Hearing, findings, and approval.
Sec. 21.22.040. Mailings to shareholders and expenses.
Sec. 21.22.050. Jurisdiction and consent to service.
Sec. 21.22.060. Registration required.
Sec. 21.22.065. Acquisitions involving change of control.
Sec. 21.22.070. Review by director.
Sec. 21.22.080. Transactions within an insurance holding company system.
Sec. 21.22.085. Transactions involving a domestic insurer requiring director review.
Sec. 21.22.090. Adequacy of surplus.
Sec. 21.22.100. Dividends and other distributions.
Sec. 21.22.105. Management of domestic insurers subject to registration.
Sec. 21.22.115. Supervisory colleges.
Sec. 21.22.117. Group-wide supervision of internationally active insurance groups.
Sec. 21.22.120. Confidentiality.
Sec. 21.22.150. Voting of certain securities prohibited.
Sec. 21.22.160. Sequestration of voting securities.
Sec. 21.22.170. Civil penalties for violations.
Sec. 21.22.175. Criminal penalties.
Sec. 21.22.190. Revocation, suspension, or nonrenewal of insurer's authority.