In place of the unearned premium reserve required on surety bonds under AS 21.18.060 , the department may require a surety insurer or limited surety insurer to set up and maintain a reserve on all bail bonds or other single premium bonds without a definite expiration date, furnished in judicial proceedings, equal to 25 percent of the total consideration charged for the bonds that are outstanding as of the date of a current financial statement of the insurer.
Section: Previous 21.18.020 21.18.030 21.18.040 21.18.050 21.18.060 21.18.070 21.18.073 21.18.075 21.18.080 21.18.082 21.18.084 21.18.086 21.18.090 21.18.100 21.18.110 NextLast modified: November 15, 2016