Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Article 1. Authorization of Insurers and General Requirements.
Sec. 21.09.010. Certificate of authority required. - (a) A person may not act as an insurer and...
Sec. 21.09.020. Exception from certificate of authority requirement. - A certificate of authority is not required of an insurer,...
Sec. 21.09.030. Admission for investment only. - A foreign insurer may transact business in this state without...
Sec. 21.09.040. General eligibility of insurers. - To qualify for and hold authority to transact insurance in...
Sec. 21.09.050. Name of insurer. - (a) An insurer may not be authorized to transact insurance...
Sec. 21.09.060. Combinations of insuring powers in one insurer. - An insurer that otherwise qualifies may be authorized to transact...
Sec. 21.09.070. Capital funds required of foreign insurers and new domestic insurers. - (a) To qualify for authority to transact any one kind...
Sec. 21.09.080. Capital funds required of old domestic insurers. - (a) In order for a domestic insurer to renew and...
Sec. 21.09.090. Deposit requirement. - (a) This section applies to all insurers. (b) The director...
Sec. 21.09.100. Management and affiliations. - The director may not grant or continue authority to transact...
Sec. 21.09.110. Application for certificate of authority. - (a) To apply for an original certificate of authority, an...
Sec. 21.09.120. Issuance, refusal, and ownership of certificate. - (a) If, upon completion of its application, the director finds...
Sec. 21.09.130. Continuance, expiration, reinstatement, and amendment of certificate. - (a) A certificate of authority issued or renewed under this...
Sec. 21.09.135. Voluntary surrender of certificate of authority. - (a) A foreign admitted insurer may apply for voluntary surrender...
Sec. 21.09.140. Mandatory revocation or suspension of certificate. - (a) The director shall suspend or revoke an insurer's certificate...
Sec. 21.09.150. Suspension or revocation for violations and special grounds. - (a) The director may suspend or revoke an insurer's certificate...
Sec. 21.09.160. Notice of suspension or revocation and effect upon agent's authority. - (a) Upon suspending or revoking an insurer's certificate of authority,...
Sec. 21.09.170. Duration of suspension, insurer's obligations, and reinstatement. - (a) Suspension of an insurer's certificate of authority shall be...
Sec. 21.09.175. Determination of impairment. - If the director determines that an insurer transacting business in...
Sec. 21.09.180. Director attorney for service of process. - (a) Each insurer applying for authority to transact insurance in...
Sec. 21.09.190. Service of process. - (a) Duplicate copies of legal process against an insurer for...
Sec. 21.09.200. Annual statement; audited financial report. - (a) Each authorized insurer shall annually, before March 2, file...
Sec. 21.09.205. Quarterly statement. - (a) The director may require an insurer to file quarterly...
Sec. 21.09.207. Statement of actuarial opinion and supporting documentation. - (a) An insurer authorized to write property, casualty, surety, marine,...
Sec. 21.09.210. Tax on insurers. - (a) Each authorized insurer, and each formerly authorized insurer with...
Sec. 21.09.242. Cooperation with the Department of Health. - (a) An insurer, including a pharmacy benefits manager, with respect...
Sec. 21.09.245. Required notice. - (a) If an insurer intends to change the insurer's name,...
Sec. 21.09.247. Biographical affidavits. - A domestic insurer shall file with the director a complete...
Sec. 21.09.250. Prohibited acts. - An insurer doing business in this state may not make,...
Sec. 21.09.260. Penalties. - An insurer that the director determines, following an appropriate hearing...
Sec. 21.09.270. Retaliation. - (a) If, under the laws of another state or foreign...
Sec. 21.09.290. Risk retention groups. - (a) A risk retention group formed in this state shall...
Sec. 21.09.300. Disclosure of material transactions. - (a) A domestic insurer shall file a report with the...
Sec. 21.09.310. Authorization of United States branches of alien insurers and general requirements. - (a) This section applies to all United States branches of...
Sec. 21.09.320. Maintenance of records; production; civil penalty. - (a) A foreign insurer shall keep at its principal place...
Article 2. Corporate Governance Annual Disclosure.
Sec. 21.09.400. Corporate governance annual disclosure scope. - (a) AS 21.09.400 - 21.09.460 do not prescribe or impose...
Sec. 21.09.410. Disclosure requirement. - (a) An insurer, or an insurance group of which the...
Sec. 21.09.420. Regulations and orders. - To carry out the provisions of AS 21.09.400 - 21.09.460,...
Sec. 21.09.430. Contents of corporate governance annual disclosure. - (a) An insurer or insurance group may have discretion in...
Sec. 21.09.440. Confidentiality. - Documents, materials, or other information, including a corporate governance annual...
Sec. 21.09.450. Agreements with National Association of Insurance Commissioners and third-party consultants. - (a) The director may retain, at the insurer's or insurance...
Sec. 21.09.460. Penalties. - Each day an insurer or insurance group fails, without just...