(a) Notwithstanding the control of a domestic insurer by any person, the officers and directors of the insurer may not be relieved of an obligation or liability to which the officers and directors would otherwise be subject to by law, and the insurer shall be managed so as to assure the insurer's separate operating identity consistent with this title.
(b) This section does not preclude a domestic insurer from having or sharing a common management or cooperative or joint use of personnel, property, or services with one or more other persons under arrangements meeting the standards of AS 21.22.080 .
Section: Previous 21.22.060 21.22.065 21.22.070 21.22.080 21.22.085 21.22.090 21.22.100 21.22.105 21.22.110 21.22.115 21.22.120 21.22.130 21.22.140 21.22.150 21.22.160 NextLast modified: November 15, 2016