(a) A reciprocal insurer shall
(1) have and use a business name; the name must include the word “reciprocal” or “interinsurer” or “exchange” or “underwriters” or “underwriting” or “association”;
(2) sue and be sued in its own name.
(b) In addition to the requirements of (a) of this section, a cooperative insurer organized under AS 21.75.300 - 21.75.330 shall include the word “cooperative” in its name.
Structure Alaska Statutes
Chapter 75. Reciprocal and Cooperative Insurers
Article 1. Reciprocal Insurers.
Sec. 21.75.010. Applicability.
Sec. 21.75.020. Insuring powers of reciprocals.
Sec. 21.75.040. Attorney-in-fact.
Sec. 21.75.045. Licensing of attorneys-in-fact.
Sec. 21.75.050. Surplus funds required.
Sec. 21.75.055. Surplus funds for cooperative insurers.
Sec. 21.75.060. Organization of reciprocal insurer.
Sec. 21.75.070. Certificate of authority.
Sec. 21.75.080. Authority of attorney-in-fact.
Sec. 21.75.090. Modifications.
Sec. 21.75.100. Attorney-in-fact's bond.
Sec. 21.75.110. Action on bond.
Sec. 21.75.115. Examination of an attorney-in-fact.
Sec. 21.75.120. Service of process.
Sec. 21.75.130. Annual statement.
Sec. 21.75.135. Quarterly statements.
Sec. 21.75.140. Contributions to insurer.
Sec. 21.75.150. Determination of financial condition.
Sec. 21.75.160. Who may be subscribers.
Sec. 21.75.170. Subscriber's advisory committee.
Sec. 21.75.180. Subscribers' liability.
Sec. 21.75.190. Subscribers' liability on judgment.
Sec. 21.75.210. Time limit for assessments.
Sec. 21.75.220. Aggregate liability.
Sec. 21.75.230. Nonassessable policies.
Sec. 21.75.240. Distribution of savings.
Sec. 21.75.250. Subscribers' share in assets.
Sec. 21.75.260. Merger or conversion.
Sec. 21.75.270. Financial impairment; determination of insolvency.