Alaska Statutes Title 21, Chapter 21.23 - Risk Management; Own Risk and Solvency Assessment

• Sec. 21.23.010 Risk Management Framework.
  An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant...
• Sec. 21.23.020 Own Risk and Solvency Assessment Requirement.
  Unless exempted under AS 21.23.040 , an insurer or the insurance group of which the insurer is a member shall conduct an own risk...
• Sec. 21.23.030 Own Risk and Solvency Assessment Summary Report.
  (a) If requested by the director, an insurer shall submit an own risk and solvency assessment summary report or any combination of reports that...
• Sec. 21.23.040 Exemption.
  (a) An insurer is exempt from the requirements of this chapter if(1) the insurer has annual direct written and unaffiliated assumed premium, including international...
• Sec. 21.23.050 Contents of Own Risk and Solvency Assessment Summary Report.
  (a) The own risk and solvency assessment summary report under AS 21.23.030 must be prepared in compliance with the own risk and solvency assessment...
• Sec. 21.23.060 Confidentiality.
  Documents, materials, or other information, including the own risk and solvency assessment summary report, that are obtained by, created by, or disclosed to the...
• Sec. 21.23.070 Penalties.
  An insurer shall pay $1,000 for each day the insurer fails to file the report within the time required in AS 21.23.030 (a), not...
• Sec. 21.23.080 Regulations.
  The director may adopt regulations to implement, define, and enforce the provisions of this chapter.
• Sec. 21.23.090 Definitions.
  In this chapter,(1) "insurance group" means those insurers and affiliates included in an insurance holding company system as defined in AS 21.22.200 ;(2) "insurer"...

Last modified: November 15, 2016