A reciprocal insurer may from time to time return to its subscribers any unused premiums, savings, or credits accruing to their accounts. The distribution may not unfairly discriminate between classes of risks, or policies, or between subscribers, but this does not prevent retrospective rating, or distribution on a retrospective plan, or distribution varying as to classes of subscribers based on the experience of the subscribers.
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.