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53 chapters · 1,250 sections in this title.
AS 21.69.510 Illegal dividends.
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(a) A director of a domestic stock or mutual insurer determined by the director, following an appropriate hearing as provided in AS 21.06.170 21.06.230, to have voted for or concurred in a declaration or payment of a dividend to stockholders or members other than as authorized …
AS 21.69.520 Borrowed surplus.
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(a) Subject to the director's prior written approval, a domestic stock or mutual insurer may borrow money to defray the expenses of its organization or provide it with surplus funds upon a written agreement that the money is required to be repaid only out of the insurer's surplus…
AS 21.69.530 Impairment of capital or assets.
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(a) If an insurer becomes impaired, the director shall determine the amount of deficiency and serve notice upon the insurer to make good the deficiency within 60 days after service of the notice. (b) The deficiency may be made good in cash or in assets eligible under AS 21.21 for…
AS 21.69.540 Assessment of stockholders or members.
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(a) An insurer receiving the director's notice mentioned in AS 21.69.530(a) (1) if a stock insurer, by resolution of its board of directors and subject to limitations upon assessment contained in its articles of incorporation, may assess its stockholders for amounts necessary to …