Alaska Statutes Title 21, Chapter 21.14 - Risk Based Capital for Insurers

• Sec. 21.14.010 Risk Based Capital Reports.
  (a) A domestic insurer shall, on or before March 1, submit to the director a report of its risk based capital covering the previous...
• Sec. 21.14.015 Other Powers and Duties Not Limited.
  The requirements of this chapter supplement other provisions of this title and do not preclude or limit other powers or duties of the director.
• Sec. 21.14.020 Company Action Level Event.
  If a company action level event occurs, the affected insurer shall submit to the director a plan under AS 21.14.060 .
• Sec. 21.14.030 Regulatory Action Level Event.
  (a) If a regulatory action level event occurs, the director shall(1) require the affected insurer to submit a plan or a revised plan under...
• Sec. 21.14.040 Authorized Control Level Event.
  If an authorized control level event occurs, the director shall take the action necessary(1) under AS 21.14.030 (a) against the insurer; or(2) to place...
• Sec. 21.14.050 Mandatory Control Level Event.
  (a) If a mandatory control level event occurs for a domestic insurer, the director shall take the action necessary to place the insurer under...
• Sec. 21.14.060 Risk Based Capital Plan.
  (a) If a plan is required under this chapter or by order of the director in response to an event described under AS 21.14.020...
• Sec. 21.14.070 Foreign Insurers.
  (a) A foreign insurer shall, upon the written request of the director, submit to the director a report described under AS 21.14.010 not later...
• Sec. 21.14.080 Hearings.
  (a) An insurer may request a hearing to challenge an action of the director or request a stay of the director's action as provided...
• Sec. 21.14.090 Confidentiality; Restrictions on Use.
  (a) Except as provided in AS 21.06.060 and this subsection, a report required under AS 21.14.010 , a plan required under AS 21.14.060 ,...
• Sec. 21.14.100 Penalty for Violation.
  (a) An insurer shall pay to the division $100 for each day the insurer fails to file a report, and $1,000 for each day...
• Sec. 21.14.110 Exemptions.
  (a) The director may exempt from the application of this chapter a domestic property and casualty insurer that(1) writes direct business only in this...
• Sec. 21.14.120 Notices.
  All notices by the director to an insurer that may result in regulatory action under this chapter are effective upon mailing if mailed by...
• Sec. 21.14.130 Regulations.
  The director may adopt regulations to implement this chapter.
• Sec. 21.14.200 Definitions.
  In this chapter,(1) "adjusted report" means a risk based capital report that has been adjusted by the director under AS 21.14.010 ;(2) "authorized control...

Last modified: November 15, 2016