(a) Each group, association, or other organization of insurers that engages in joint underwriting or joint reinsurance is subject to regulation in accordance with this section. In addition, joint underwriting is subject to all other provisions of this chapter, except for AS 21.39.210 , and joint reinsurance is subject to AS 21.39.120 , 21.39.160, and 21.39.170.
(b) If, after a hearing, the director finds that an activity or practice of a group, association, or other organization is unfair or unreasonable or otherwise inconsistent with this chapter, the director may issue a written order specifying in what respects the activity or practice is unfair or unreasonable or otherwise inconsistent with this chapter, and requiring the discontinuance of the activity or practice.
Section: Previous 21.39.050 21.39.055 21.39.060 21.39.070 21.39.080 21.39.090 21.39.100 21.39.110 21.39.120 21.39.130 21.39.140 21.39.150 21.39.155 21.39.160 21.39.170 NextLast modified: November 15, 2016