™Your Policy Risk Impact Agent
53 chapters · 1,082 sections in this title.
AS 21.18.010 Allowable assets.
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In a determination of the financial condition of an insurer, the following assets are allowed: (1) assets that are wholly and exclusively owned by the insurer and that are registered, recorded, or held under the insurer's name; (2) premiums, not more than three months past due, e…
AS 21.18.020 Assets as deductions from liabilities.
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Assets may be allowed as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets, and deductions from assets may be charged as liabilities, in accordance with the form of annual statement applicable to the insurer as prescribed by the d…
AS 21.18.030 Assets not allowed.
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In addition to assets excluded by the application of AS 21.18.010, all nonadmitted assets and all other assets of doubtful value or character included as ledger or nonledger assets in a statement by an insurer to the director, or in an examiner's report to the director, shall als…
AS 21.18.040 Disallowance of transactions; deceptions.
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(a) The director shall disallow as an asset or as a credit against liabilities any reinsurance found by the director, after a hearing, to have been arranged for the purpose principally of deception as to the ceding insurer's financial condition as of the date of any financial sta…