Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of contributions of the attorney-in-fact or other persons to its surplus made as provided in AS 21.75.140 , and the return of an unused premium, savings, or credits then standing on subscribers' account, shall be distributed to its subscribers who were subscribers within the 12 months before the last termination of its certificate of authority, according to a reasonable formula that the director may approve.
Section: Previous 21.75.160 21.75.170 21.75.180 21.75.190 21.75.200 21.75.210 21.75.220 21.75.230 21.75.240 21.75.250 21.75.260 21.75.270 21.75.280 21.75.290 NextLast modified: November 15, 2016