If the proposed domestic insurer fails to complete its organization and to secure its original certificate of authority within one year from and after the date of its certificate of incorporation, its corporate powers shall cease, and the director shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under AS 21.69.250 .
Section: Previous 21.69.190 21.69.200 21.69.210 21.69.220 21.69.230 21.69.240 21.69.250 21.69.260 21.69.270 21.69.280 21.69.290 21.69.300 21.69.310 21.69.320 21.69.330 NextLast modified: November 15, 2016