Federal and State Laws
Title 21 - Insurance
> Alaska Statutes Title 21, Chapter 21.24 - Administration of Deposits
Alaska Statutes Title 21, Chapter 21.24 - Administration of Deposits
Sec. 21.24.010 Authorized Deposits of Insurers.
The following deposits of insurers when made through the director shall be accepted and held and are subject to the provisions of this chapter:(1)...
Sec. 21.24.020 Purpose of Deposit.
The deposits shall be held for purposes as follows:(1) deposits made in this state under AS 21.09.090 shall be held for the purpose stated...
Sec. 21.24.030 Securities Eligible for Deposit.
(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...
Sec. 21.24.040 Depositary or Custodian.
(a) Deposits made in this state under this title shall be made through the office of the director under custodial arrangements as required or...
Sec. 21.24.050 Record of Deposits.
(a) The director shall give to the depositing insurer vouchers of all assets and securities deposited by it in this state through the director...
Sec. 21.24.060 Liability of Director and State.
The director and the state are not liable for the safekeeping of a deposit by the depositary or custodian.
Sec. 21.24.070 Assignment, Conveyance of Assets or Securities.
All securities not negotiable by delivery and deposited under this title shall be assigned to the director and successors in office. In the case...
Sec. 21.24.080 Appraisal.
The director may before acceptance for deposit of any particular asset or security, or at any time thereafter while so deposited, have the asset...
Sec. 21.24.090 Rights of Insurer During Solvency.
If the insurer remains solvent and is in compliance with this title it may(1) demand, receive, sue for, and recover the income from the...
Sec. 21.24.100 Excess Deposits.
An insurer may deposit and have on deposit assets or securities in an amount exceeding its deposit required or otherwise permitted under this title...
Sec. 21.24.110 Levy Upon Deposit. [Repealed, Sec. 14 Ch 62 Sla 1982. for Current Law See As 09.38.025 (B)].
Repealed or Renumbered
Sec. 21.24.120 Deficiency of Deposit.
If the market value of assets and securities of an insurer held on deposit in this state, or in another state under custodial arrangements...
Sec. 21.24.130 Duration and Release of Deposit.
(a) Each deposit made in this state by an insurer under this title, including assets and securities held in another state under custodial arrangements...
Last modified: November 15, 2016