(a) All deposits required under AS 21.09.090 for authority to transact insurance in this state shall consist of certificates of deposit or any combination of rated credit instruments of the United States, Canada, or a state of the United States.
(b) Deposits of a domestic insurer held in this state under the laws of another state, province, or country shall be comprised of assets of the kinds described in (a) of this section, and of the additional kind or kinds of securities required or permitted by the laws of the state, province, or country except common stocks, mortgages of any kind, and real estate.
(c) Deposits of foreign insurers made in this state under AS 21.09.270 shall consist of the assets required by the director under the law.
Section: Previous 21.24.010 21.24.020 21.24.030 21.24.040 21.24.050 21.24.060 21.24.070 21.24.080 21.24.090 21.24.100 21.24.110 21.24.120 21.24.130 NextLast modified: November 15, 2016