An insurer that otherwise qualifies may be authorized to transact any one kind or combination of kinds of insurance as defined in AS 21.12, except that
(1) a life insurer may also grant annuities, but is not authorized to transact any other kind of insurance than health; except that if the insurer is otherwise qualified, the director shall continue to authorize a life insurer that, immediately before July 1, 1966, was lawfully authorized to transact in this state a kind or kinds of insurance in addition to life and health;
(2) a reciprocal insurer may not transact life insurance;
(3) a title insurer must be a stock insurer;
(4) a property or casualty insurer may not transact life insurance and may not grant annuities.
Section: Previous 21.09.010 21.09.020 21.09.030 21.09.040 21.09.050 21.09.060 21.09.070 21.09.080 21.09.090 21.09.100 21.09.110 21.09.120 21.09.130 21.09.135 21.09.140 NextLast modified: November 15, 2016