A title insurance company may not pay dividends except from net profits remaining on hand after retaining unimpaired
(1) the subscribed capital stock;
(2) the amount required to be set aside as unearned premium reserve fund under AS 21.18.073;
(3) a sum sufficient to pay current liabilities for operating expenses and taxes, and losses established or in process of settlement, without impairment of the unearned premium reserve fund required under AS 21.18.073.
Structure Alaska Statutes
Chapter 66. Title Insurance Companies
Sec. 21.66.010. Paid in capital and reserves.
Sec. 21.66.020. Deposits in guaranty fund; insolvency of insurance company.
Sec. 21.66.080. Annual statement.
Sec. 21.66.085. Quarterly statement.
Sec. 21.66.090. Application for certificate of authority.
Sec. 21.66.110. Annual tax on title insurance premiums.
Sec. 21.66.120. Examination by director.
Sec. 21.66.170. Determination of insurability required.
Sec. 21.66.180. General powers.
Sec. 21.66.190. Limitations on powers.
Sec. 21.66.200. Title plant requirements.
Sec. 21.66.210. Joint plant companies.
Sec. 21.66.220. Net retained liability.
Sec. 21.66.230. Power to reinsure.
Sec. 21.66.270. Title insurance limited producers to be licensed.
Sec. 21.66.280. Title insurance limited producers, books, and records.
Sec. 21.66.290. Title insurance limited producer replies to director inquiries.
Sec. 21.66.300. Certain names prohibited.
Sec. 21.66.310. Rebates prohibited.
Sec. 21.66.330. Examination of records.
Sec. 21.66.340. Additional penalty for rebates.
Sec. 21.66.350. Division of rates.
Sec. 21.66.360. Purpose of title insurance rate regulation.
Sec. 21.66.380. Justification for rates.
Sec. 21.66.390. Making of rates.
Sec. 21.66.400. Disapproval of filings.
Sec. 21.66.410. Rate administration.
Sec. 21.66.420. False or misleading information.
Sec. 21.66.450. Forms of policies and other contracts of title insurance.
Sec. 21.66.460. Filing required for escrow, settlement, and closing charges.