Alaska Statutes Title 21, Chapter 21.18 - Assets and Liabilities

• Sec. 21.18.010 Allowable Assets.
  In a determination of the financial condition of an insurer, the following assets are allowed:(1) assets that are wholly and exclusively owned by the...
• Sec. 21.18.020 Assets As Deductions From Liabilities.
  Assets may be allowed as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets, and deductions from assets may be...
• Sec. 21.18.030 Assets Not Allowed.
  In addition to assets excluded by the application of AS 21.18.010, all nonadmitted assets and all other assets of doubtful value or character included...
• Sec. 21.18.040 Disallowance of Transactions; Deceptions.
  (a) The director shall disallow as an asset or as a credit against liabilities any reinsurance found by the director, after a hearing, to...
• Sec. 21.18.050 Reserves and Liabilities, in General.
  In a determination of the financial condition of an insurer, liabilities to be charged against its assets shall include(1) the amount, estimated consistent with...
• Sec. 21.18.060 Unearned Premium Reserve.
  (a) Except as otherwise provided in AS 21.18.070 , an insurer shall maintain an unearned premium reserve on all policies in force against loss...
• Sec. 21.18.070 Unearned Premium Reserve for Marine and Transportation Insurance.
  As to marine and transportation insurance, the entire amount of premiums on trip risks not terminated shall be considered unearned and the director may...
• Sec. 21.18.073 Unearned Premium Reserve for Title Insurance.
  In addition to an adequate reserve as to outstanding losses as required under AS 21.18.050 , a title insurer shall establish, segregate, and maintain...
• Sec. 21.18.075 Bail Bond Reserve.
  In place of the unearned premium reserve required on surety bonds under AS 21.18.060 , the department may require a surety insurer or limited...
• Sec. 21.18.080 Reserve Standards for Health Insurance.
  (a) The adequacy of health insurance reserves must be determined based on the sum of policy reserves determined under AS 21.18.082 , claim reserves...
• Sec. 21.18.082 Policy Reserves for Health Insurance.
  (a) Except as provided in (b) of this section, policy reserves are required for all individual and group health insurance policies or groups of...
• Sec. 21.18.084 Claim Reserves for Health Insurance.
  (a) Claim reserves are required for all incurred and unpaid claims on all health insurance policies.(b) Claim expense reserves are required for the estimated...
• Sec. 21.18.086 Premium Reserves for Health Insurance.
  (a) Unearned premium reserves must be established for the period of coverage for which premiums, other than premiums paid in advance, have been paid...
• Sec. 21.18.090 Loss Reserves, Liability Insurance, and Workers' Compensation. [Repealed, Sec. 53 Ch 96 Sla 2004].
  Repealed or Renumbered
• Sec. 21.18.100 Increase of Reserves.
  If loss experience shows that an insurer's loss reserves or reserves for incurred but not reported losses, however computed or estimated, are inadequate, the...
• Sec. 21.18.110 Standard Valuation Law - Life Insurance.
  (a) The director shall annually value, or cause to be valued, the reserve liabilities (hereinafter called reserves) for all outstanding life insurance policies and...
• Sec. 21.18.120 - 21.18.150. Valuation of Bonds; Other Securities, Property, and Purchase Money Mortgages. [Repealed, Sec. 84 Ch 81 Sla 2001].
  Repealed or Renumbered
• Sec. 21.18.160 Regulations.
  The director may adopt regulations to implement this chapter.
• Sec. 21.18.170 Valuation of Investments.
  For the purposes of this chapter, the value or amount of an investment acquired, held, or invested in or an investment practice engaged in...
• Sec. 21.18.900 Definitions.
  In this chapter,(1) "admitted asset" means an asset allowed by AS 21.18.010 to be included in the determination of the financial condition of a...

Last modified: November 15, 2016