Alaska Statutes Sec. 21.14.110 - Exemptions

(a) The director may exempt from the application of this chapter a domestic property and casualty insurer that

(1) writes direct business only in this state;

(2) writes direct annual premiums of $2,000,000 or less; and

(3) does not assume reinsurance in excess of five percent of direct premiums written.

(b) The director may exempt from the application of this chapter a domestic health organization that

(1) writes direct business only in this state;

(2) does not assume reinsurance in excess of five percent of direct premiums written and

(A) writes direct annual premiums for comprehensive medical care of $2,000,000 or less; or

(B) is a limited health service organization that covers less than 2,000 lives.

Last modified: November 15, 2016