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Sec. 21.69.010. Applicability of chapter. - This chapter applies only to domestic stock insurers and domestic...
Sec. 21.69.020. Applicability of general corporation statutes. - The applicable laws of this state as to domestic corporations...
Sec. 21.69.030. Incorporation. - (a) This section applies to stock and mutual insurers incorporated...
Sec. 21.69.040. Articles of incorporation. - (a) The incorporators of a proposed domestic insurer shall deliver...
Sec. 21.69.050. Amendment of articles of incorporation. - (a) A domestic stock insurer may amend its articles of...
Sec. 21.69.060. Solicitation permit. - (a) A person forming or proposing to form in this...
Sec. 21.69.070. Application for solicitation permit. - To apply for a solicitation permit the person shall (1)...
Sec. 21.69.080. Procedure upon application. - (a) The director shall expeditiously examine the application for a...
Sec. 21.69.090. Issuance of permit. - Upon the filing of the bond required by AS 21.69.140...
Sec. 21.69.100. Duration of permit. - Every solicitation permit issued by the director must (1) be...
Sec. 21.69.110. Permit as inducement prohibited. - The granting of a solicitation permit is permissive only and...
Sec. 21.69.120. Solicitors' licenses. - Solicitation for sale of securities to members of the public...
Sec. 21.69.130. Modification, revocation of permit. - (a) The director may, for cause, modify a solicitation permit,...
Sec. 21.69.140. Bond. - (a) Except as provided in AS 21.69.230, the director may...
Sec. 21.69.150. Escrow of funds. - (a) All funds received under a solicitation permit shall be...
Sec. 21.69.160. Liability of organizers. - (a) The incorporators of an insurer or other corporation, or...
Sec. 21.69.170. Payment for subscriptions. - (a) A proposed stock insurer, corporation, or syndicate may not...
Sec. 21.69.180. Insurance applications. - All applications for insurance obtained in forming a mutual or...
Sec. 21.69.190. Failure to complete organization or to qualify. - The director shall withdraw all funds held in escrow and...
Sec. 21.69.200. Subsequent financing. - (a) A domestic insurer, or insurance holding corporation, or stock...
Sec. 21.69.210. Penalty for exhibiting false accounts, etc. - A person determined by the director, following an appropriate hearing...
Sec. 21.69.220. Initial qualifications of domestic mutuals. - (a) When newly organized, a domestic mutual insurer may be...
Sec. 21.69.230. Formation of mutual insurer. - (a) Before soliciting applications for insurance required under AS 21.69.220...
Sec. 21.69.240. Applications for insurance in formation of mutual insurer. - (a) Upon receipt of the director's approval of the bond...
Sec. 21.69.250. Formation of mutuals. - (a) All sums collected by a domestic mutual corporation as...
Sec. 21.69.260. Failure to qualify. - If the proposed domestic insurer fails to complete its organization...
Sec. 21.69.270. Additional kinds of insurance. - A domestic mutual insurer, after being authorized to transact one...
Sec. 21.69.280. Membership in mutuals. - (a) Each policyholder of a domestic mutual insurer, other than...
Sec. 21.69.290. Bylaws of mutual. - (a) A domestic mutual insurer shall have bylaws for the...
Sec. 21.69.300. Bylaws of stock insurer. - A bylaw adopted at a meeting of stockholders of a...
Sec. 21.69.310. Meetings of stockholders or members. - (a) Meetings of stockholders or members of a domestic insurer...
Sec. 21.69.320. Proxies. - The director shall adopt regulations concerning proxies, consents and authorizations...
Sec. 21.69.330. Corrupt practices. - The director shall adopt regulations regarding the conduct of meetings...
Sec. 21.69.340. Directors. - (a) The affairs of every domestic insurer shall be managed...
Sec. 21.69.350. Participation of policyholders in election of directors. - The bylaws of a domestic stock life insurer may provide...
Sec. 21.69.360. Bond of officers of mutual. - (a) The president, secretary, and treasurer of a mutual insurer...
Sec. 21.69.370. Prohibited pecuniary interest of officials. - (a) An officer or director, or a member of a...
Sec. 21.69.380. Management and exclusive agency contracts. - (a) A domestic insurer may not make a contract granting...
Sec. 21.69.390. Home office and records. - (a) Each domestic insurer shall have and maintain a place...
Sec. 21.69.400. Vouchers for expenditures. - (a) An insurer may not make a disbursement of $100...
Sec. 21.69.410. Agreement not to sell property prohibited. - An insurer may not enter into an agreement to withhold...
Sec. 21.69.420. Solicitations in other states. - (a) A domestic insurer may not knowingly solicit insurance business...
Sec. 21.69.430. Contingent liability of mutual members. - (a) Each member of a domestic mutual insurer shall, except...
Sec. 21.69.440. Levy of contingent liability. - (a) If at any time the assets of a domestic...
Sec. 21.69.450. Enforcement of contingent liability. - (a) An assessment made by an insurer under AS 21.69.440...
Sec. 21.69.460. Nonassessable policies, mutual insurers. - (a) When possessing surplus funds in an amount not less...
Sec. 21.69.470. Nonassessable policies. - The director shall revoke the authority of a domestic mutual...
Sec. 21.69.480. Participating policies. - (a) If provided in its articles of incorporation, a domestic...
Sec. 21.69.490. Dividends to stockholders. - (a) A domestic stock insurer may not pay a cash...
Sec. 21.69.500. Dividends to mutual policyholders. - (a) The directors of a domestic mutual insurer may from...
Sec. 21.69.510. Illegal dividends. - (a) A director of a domestic stock or mutual insurer...
Sec. 21.69.520. Borrowed surplus. - (a) Subject to the director's prior written approval, a domestic...
Sec. 21.69.530. Impairment of capital or assets. - (a) If an insurer becomes impaired, the director shall determine...
Sec. 21.69.540. Assessment of stockholders or members. - (a) An insurer receiving the director's notice mentioned in AS...
Sec. 21.69.550. Directors' liability for losses during deficiency. - The directors of the insurer shall be individually liable for...
Sec. 21.69.560. Stock transfer during impairment of capital. - A transfer of the stock of a domestic insurer made...
Sec. 21.69.570. Mutualization of stock insurers. - (a) A stock insurer other than a title insurer may...
Sec. 21.69.580. Converting mutual insurer. - A mutual insurer may not be converted to a stock...
Sec. 21.69.590. Mergers and consolidations of stock insurers. - (a) A domestic stock insurer may merge or consolidate with...
Sec. 21.69.600. Mergers and consolidations, mutual insurers. - (a) A domestic mutual insurer may not merge or consolidate...
Sec. 21.69.610. Reinsurance for stock insurers. - (a) Notwithstanding (b) of this section, a domestic stock insurer...
Sec. 21.69.620. Reinsurance for mutual insurers. - (a) A domestic mutual insurer may reinsure a portion or...
Sec. 21.69.630. Mutual member's share of assets on liquidation. - (a) Upon the liquidation of a domestic mutual insurer, its...
Sec. 21.69.640. Extinguishment of unused corporate charters. - (a) The corporate charter of a corporation formed under the...
Sec. 21.69.645. Redomestication. - (a) An insurer organized under the laws of another state...
Sec. 21.69.648. Voluntary surrender of certificate of authority. - To voluntarily surrender the certificate of authority of a domestic...
Sec. 21.69.650. National emergency provisions. - The legislature declares that it is desirable for the general...
Sec. 21.69.660. Adoption of emergency bylaws. - The board of directors of a domestic insurer may at...
Sec. 21.69.670. Provisions in lieu of emergency bylaws. - If the board of directors of a domestic insurer has...
Sec. 21.69.680. Succession of corporate officers during national emergency. - At any time the board of directors of a domestic...
Sec. 21.69.690. Relocation of home office during national emergency. - At any time the board of directors of a domestic...
Sec. 21.69.700. Stock insurer defined. - A domestic “stock” insurer is an incorporated insurer with capital...
Sec. 21.69.710. Mutual insurer defined. - A domestic “mutual” insurer is an incorporated insurer without capital...