(a) Workers' compensation insurance may be placed in and written by a nonadmitted insurer if
(1) the director considers it in the best interest of the public and issues an order to that effect;
(2) the insurance is written in accordance with this chapter; and
(3) all conditions established for writing workers' compensation insurance in a nonadmitted market receive compliance.
(b) The rates and rating plans for workers' compensation insurance are subject to AS 21.39. The surplus lines broker is responsible for making the filings required under AS 21.39 and for maintaining the records required in that chapter.
(c) Insurance placed or written in a nonadmitted insurer and the activities of the surplus lines broker relating to that transaction are subject to the applicable provision of this title.
(d) The minimum capital and surplus required is two times that required in AS 21.34.040(c)(1).
Structure Alaska Statutes
Chapter 34. Surplus Lines Insurance
Sec. 21.34.020. Placement of surplus lines insurance.
Sec. 21.34.025. Subscription policies or joint underwriting in combination with admitted insurers.
Sec. 21.34.030. Workers' compensation insurance.
Sec. 21.34.035. Health care insurance.
Sec. 21.34.040. Eligible surplus lines insurers required.
Sec. 21.34.050. Listing eligible surplus lines insurers.
Sec. 21.34.060. Other nonadmitted insurers.
Sec. 21.34.070. Declaration of ineligibility.
Sec. 21.34.080. Transaction report; evidence of insurance.
Sec. 21.34.090. Surplus lines association.
Sec. 21.34.100. Evidence of insurance.
Sec. 21.34.110. Surplus lines broker's duty to notify insured.
Sec. 21.34.120. Validity of surplus lines contracts.
Sec. 21.34.130. Effect of payment to surplus lines broker.
Sec. 21.34.150. Surplus lines brokers may accept business from other brokers.
Sec. 21.34.170. Quarterly reports, summary of exported business.
Sec. 21.34.180. Surplus lines tax.
Sec. 21.34.200. Collection of taxes and fees.
Sec. 21.34.220. Actions against surplus lines insurer; service of process.