A cooperative insurer organized under AS 21.75.300 - 21.75.330, if it has otherwise complied with the applicable provisions of this chapter, may be authorized to transact insurance if it has and maintains surplus funds equal to one-half of the capital required for a domestic reciprocal insurer under AS 21.75.050 (a) and such additional surplus as the director considers sufficient.
Section: Previous 21.75.010 21.75.020 21.75.030 21.75.040 21.75.045 21.75.050 21.75.055 21.75.060 21.75.070 21.75.080 21.75.090 21.75.100 21.75.110 21.75.115 21.75.120 NextLast modified: November 15, 2016