Alaska Statutes 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 of rated credit instruments of the United States, Canada, or a state of the United States.

(b) Deposits of a domestic insurer held in this state under the laws of another state, province, or country shall be comprised of assets of the kinds described in (a) of this section, and of the additional kind or kinds of securities required or permitted by the laws of the state, province, or country except common stocks, mortgages of any kind, and real estate.

(c) Deposits of foreign insurers made in this state under AS 21.09.270 shall consist of the assets required by the director under the law.

Section: Previous  21.24.010  21.24.020  21.24.030  21.24.040  21.24.050  21.24.060  21.24.070  21.24.080  21.24.090  21.24.100  21.24.110  21.24.120  21.24.130    Next

Last modified: November 15, 2016