(a) In order for a domestic insurer to renew and continue the insurer's certificate of authority after January 1, 1992, the insurer must possess at least the basic capital, basic guarantee surplus, and additional maintained surplus required under AS 21.09.070 (a).
(b) [Repealed, Sec. 85 ch 50 SLA 1990].
(c) [Repealed, Sec. 85 ch 50 SLA 1990].
(d) Notwithstanding the provisions of this section, a domestic life insurer duly licensed and capitalized on December 31, 1984, shall have and maintain the capital and surplus required under the laws of this state on December 31, 1984, as if the laws had continued in force. This subsection does not apply to a domestic life insurer if the ownership of the insurer is changed, or the class, line, and volume of the business written is materially changed from that written on December 31, 1984.
Section: Previous 21.09.010 21.09.020 21.09.030 21.09.040 21.09.050 21.09.060 21.09.070 21.09.080 21.09.090 21.09.100 21.09.110 21.09.120 21.09.130 21.09.135 21.09.140 NextLast modified: November 15, 2016