Alaska Statutes
Title 21. Insurance
Chapter 75. Reciprocal and Cooperative Insurers

Article 1. Reciprocal Insurers.

Sec. 21.75.010. Applicability. - (a) All authorized reciprocal insurers shall be governed by those...

Sec. 21.75.020. Insuring powers of reciprocals. - (a) Except as provided in (c) of this section, a...

Sec. 21.75.030. Name, suits. - (a) A reciprocal insurer shall (1) have and use a...

Sec. 21.75.040. Attorney-in-fact. - (a) [Repealed, § 223 ch 67 SLA 1992.] (b) The...

Sec. 21.75.045. Licensing of attorneys-in-fact. - (a) A person may not act in the capacity of...

Sec. 21.75.050. Surplus funds required. - (a) A domestic reciprocal insurer formed in accordance with the...

Sec. 21.75.055. Surplus funds for cooperative insurers. - A cooperative insurer organized under AS 21.75.300 - 21.75.330, if...

Sec. 21.75.060. Organization of reciprocal insurer. - (a) Ten or more persons domiciled in this state may...

Sec. 21.75.070. Certificate of authority. - (a) The certificate of authority of a reciprocal insurer shall...

Sec. 21.75.080. Authority of attorney-in-fact. - (a) A subscriber's agreement providing for an advisory committee consistent...

Sec. 21.75.090. Modifications. - Modifications of the terms of the subscribers' agreement or of...

Sec. 21.75.100. Attorney-in-fact's bond. - (a) Concurrently with the filing of the declaration provided in...

Sec. 21.75.110. Action on bond. - Action on the attorney-in-fact's bond or to recover against a...

Sec. 21.75.115. Examination of an attorney-in-fact. - An attorney-in-fact of a reciprocal insurer is subject to examination...

Sec. 21.75.120. Service of process. - (a) Legal process shall be served upon a domestic reciprocal...

Sec. 21.75.130. Annual statement. - (a) The annual statement of a reciprocal insurer shall be...

Sec. 21.75.135. Quarterly statements. - (a) The director may require a reciprocal insurer's attorney-in-fact to...

Sec. 21.75.140. Contributions to insurer. - The attorney-in-fact or other parties may advance to a domestic...

Sec. 21.75.150. Determination of financial condition. - In determining the financial condition of a reciprocal insurer the...

Sec. 21.75.160. Who may be subscribers. - Individuals, partnerships, and corporations of this state may make application,...

Sec. 21.75.170. Subscriber's advisory committee. - (a) The subscriber's advisory committee shall meet at least annually...

Sec. 21.75.180. Subscribers' liability. - (a) The liability of each subscriber, other than as to...

Sec. 21.75.190. Subscribers' liability on judgment. - (a) An action may not lie against a subscriber upon...

Sec. 21.75.200. Assessments. - (a) Assessments may from time to time be levied upon...

Sec. 21.75.210. Time limit for assessments. - A subscriber of a domestic reciprocal insurer having contingent liability...

Sec. 21.75.220. Aggregate liability. - A single policy or subscriber as to the policy may...

Sec. 21.75.230. Nonassessable policies. - (a) If a reciprocal insurer has a surplus of assets...

Sec. 21.75.240. Distribution of savings. - A reciprocal insurer may from time to time return to...

Sec. 21.75.250. Subscribers' share in assets. - Upon the liquidation of a domestic reciprocal insurer, its assets...

Sec. 21.75.260. Merger or conversion. - (a) A domestic reciprocal insurer, upon affirmative vote of not...

Sec. 21.75.270. Financial impairment; determination of insolvency. - (a) If the assets of a reciprocal insurer are at...

Article 2. Cooperative Insurance Coverage.

Sec. 21.75.300. Cooperative insurance. - (a) The director shall, by regulation, provide a general plan...

Sec. 21.75.310. Certificate of authority of cooperative insurer. - If the director is satisfied that the plan of insurance...

Sec. 21.75.320. Applicable provisions of law. - Except as otherwise specifically provided, the provisions of AS 21.75.010...

Sec. 21.75.330. Coverage. - (a) A cooperative insurer organized under AS 21.75.300 is authorized...

Article 3. General Provisions.

Sec. 21.75.900. Definition. - In this chapter, (1) “material transaction” means a transaction, other...