™Your Policy Risk Impact Agent
53 chapters · 1,082 sections in this title.
AS 21.12.010 Limit of risk.
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(a) An insurer may not retain a risk on any one subject of insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding 10 percent of its surplus to policyholders. (b) In this section a “subject of insurance” as to insurance against fire and ha…
AS 21.12.020 Reinsurance credit allowed a domestic ceding insurer.
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(a) Credit for reinsurance transactions is allowed a domestic ceding insurer as either an asset or a deduction from liability because of reinsurance ceded only when the reinsurer meets the requirements of (1) — (7) of this subsection. The director may, by regulation adopted under…
AS 21.12.025 Assumption reinsurance.
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(a) A nondomestic admitted insurer may not carry out an agreement of assumption reinsurance with a nonadmitted insurer that would transfer Alaska policyholders unless (1) the nonadmitted insurer applies for and obtains a certificate of authority from the director; or (2) the admi…
AS 21.12.030 Definitions not mutually exclusive.
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It is intended that certain insurance coverages may come within the definitions of two or more kinds of insurance as defined in this chapter, and the inclusion of coverage within one definition does not exclude it from the definition of another kind of insurance coverage if the c…