A subscriber of a domestic reciprocal insurer having contingent liability is liable for and shall pay the subscriber's share of any assessment, as computed and limited under this chapter, if
(1) while the subscriber's policy is in force or within one year after its termination, the subscriber is notified by either the attorney-in-fact or the director of an intention to levy the assessment; or
(2) an order to show cause why a receiver, conservator, rehabilitator, or liquidator of the insurer should not be appointed is issued while the subscriber's policy is in force or within one year after its termination.
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.