(a) An insurer may retain, invest in, or acquire the whole or a part of the capital stock of another insurer or insurers, or have a common management with another insurer or insurers, unless the retention, investment, acquisition, or common management is inconsistent with a provision of this title, or unless by reason thereof the business of the insurers with the public is conducted in a manner that substantially lessens competition generally in the insurance business or tends to create a monopoly.
(b) A person otherwise qualified may be director of two or more insurers that are competitors, unless the effect is to lessen substantially competition between insurers generally or tends materially to create a monopoly.
Structure Alaska Statutes
Chapter 36. Trade Practices and Frauds
Article 1. Trade Practices in General.
Sec. 21.36.020. Unfair methods, deceptive acts prohibited.
Sec. 21.36.025. Unfair marketing practices prohibited.
Sec. 21.36.030. Misrepresentation and false advertising of insurance policies.
Sec. 21.36.040. False information, advertising.
Sec. 21.36.050. Twisting prohibited.
Sec. 21.36.060. False or misleading financial statements.
Sec. 21.36.080. Boycott, coercion, and intimidation.
Sec. 21.36.090. Unfair discrimination.
Sec. 21.36.096. Prohibited denial of claim for causation.
Sec. 21.36.110. Exceptions to discrimination and rebates.
Sec. 21.36.120. Unfair discrimination and rebates prohibited in property and casualty insurance.
Sec. 21.36.125. Unfair claim settlement practices.
Sec. 21.36.130. Stock operations and advisory board contracts.
Sec. 21.36.160. Right of debtor or borrower to select insurance producer and insurer.
Sec. 21.36.170. Interlocking ownership, management.
Sec. 21.36.185. Maintenance of complaint handling records.
Sec. 21.36.190. Fictitious groups.
Sec. 21.36.195. Surplus lines brokers and insurance producers; prohibited acts.