A foreign or alien society may not transact business in this state without a license issued by the director. A foreign or alien society desiring admission to this state shall comply with the requirements and limitations of this chapter applicable to domestic societies. The society may be licensed to transact business in this state upon filing with the director
(1) a certified copy of its articles of incorporation;
(2) a copy of its bylaws, certified by its secretary or corresponding officer;
(3) a power of attorney to the director as prescribed in AS 21.84.625;
(4) a statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the director, verified by an examination made by the supervising insurance official of its home state or other state, territory, province, or country, satisfactory to the director;
(5) certification from the proper official of its home state, territory, province, or country that the society is legally incorporated and licensed to transact business therein;
(6) copies of its certificate forms;
(7) information showing that its assets are invested in accordance with the provisions of this chapter; and
(8) other information the director may consider necessary.
Section: Previous 21.84.460 21.84.465 21.84.470 21.84.475 21.84.480 21.84.485 21.84.490 21.84.495 21.84.500 21.84.530 21.84.535 21.84.540 21.84.550 21.84.560 21.84.565 NextLast modified: November 15, 2016