The director may apply to the court for an order appointing the director as receiver or ancillary receiver, and directing the director to conserve the assets within this state, of an alien insurer upon
(1) any of the grounds specified in AS 21.78.040 or 21.78.050;
(2) the ground that the insurer has failed to comply, within the time designated by the director, with an order made by the director to make good an impairment of its trusteed funds; or
(3) the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.
Section: Previous 21.78.010 21.78.020 21.78.030 21.78.040 21.78.050 21.78.060 21.78.070 21.78.080 21.78.090 21.78.100 21.78.110 21.78.120 21.78.130 21.78.140 21.78.150 NextLast modified: November 15, 2016