The purposes of this chapter are to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and, to the extent provided in this chapter, to minimize financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of this protection among insurers.
Structure Alaska Statutes
Chapter 80. Alaska Insurance Guaranty Association Act
Sec. 21.80.020. Applicability.
Sec. 21.80.040. Creation of association.
Sec. 21.80.050. Board of governors.
Sec. 21.80.060. Powers and duties of the association.
Sec. 21.80.070. Plan of operation.
Sec. 21.80.080. Duties and powers of the director.
Sec. 21.80.090. Effect of paid claims.
Sec. 21.80.095. Prohibited claims.
Sec. 21.80.100. Nonduplication of recovery.
Sec. 21.80.110. Prevention of insolvencies.
Sec. 21.80.120. Examination of the association.
Sec. 21.80.130. Tax exemption.
Sec. 21.80.140. Recognition of assessments in surcharge rates.
Sec. 21.80.160. Stay of proceedings and reopening of default judgments.