Alaska Statutes Title 21, Chapter 21.66 - Title Insurance Companies

• Sec. 21.66.010 Paid in Capital and Reserves.
  (a) Before a domestic or foreign title insurance company is entitled to a certificate of authority to transact a title insurance business in this...
• Sec. 21.66.020 Deposits in Guaranty Fund; Insolvency of Insurance Company.
  (a) In addition to the deposit required in AS 21.66.010 (b), within 30 days after the filing of each annual statement, the title insurance...
• Sec. 21.66.030 - 21.66.050. Securities Authorized As Deposits; Special Guaranty Fund; Title Insurance Unearned Premium Reserve Fund. [Repealed, Sec. 223 Ch 67 Sla 1992].
  Repealed or Renumbered
• Sec. 21.66.060 Dividends.
  A title insurance company may not pay dividends except from net profits remaining on hand after retaining unimpaired(1) the subscribed capital stock;(2) the amount...
• Sec. 21.66.070 Filing Schedule of Rates and Policy Forms. [Repealed, Sec. 8 Ch 120 Sla 1974].
  Repealed or Renumbered
• Sec. 21.66.080 Annual Statement.
  (a) Every company, on or before March 1 of each year, shall furnish the director or the director's designee a sworn statement of assets...
• Sec. 21.66.085 Quarterly Statement.
  (a) The director may require an insurer to file quarterly financial statements. If required, the statements must follow the format specified in AS 21.66.080...
• Sec. 21.66.090 Application for Certificate of Authority.
  (a) Every company, before engaging in a title insurance business in this state, shall apply to the director for a certificate of authority to...
• Sec. 21.66.100 Issuance of Certificate of Authority by Director. [Repealed, Sec. 223 Ch 67 Sla 1992].
  Repealed or Renumbered
• Sec. 21.66.110 Annual Tax on Title Insurance Premiums.
  (a) Each title insurance company shall pay a tax of one percent of the amount of gross title insurance premiums received by it, including...
• Sec. 21.66.120 Examination by Director.
  (a) The director is authorized to examine the books, accounts, assets, and title plants of a company authorized to write title insurance hereunder to...
• Sec. 21.66.130 , 21.66.140. Expenses of Examination; Fine or Injunction for Doing Business During Suspension of Certificate. [Repealed, Sec. 223 Ch 67 Sla 1992].
  Repealed or Renumbered
• Sec. 21.66.150 Application of Act. [Repealed, Sec. 8 Ch 120 Sla 1974].
  Repealed or Renumbered
• Sec. 21.66.160 Penalties. [Repealed, Sec. 223 Ch 67 Sla 1992].
  Repealed or Renumbered
• Sec. 21.66.170 Determination of Insurability Required.
  (a) A policy or contract of title insurance may not be written until the title insurance company has, through a licensed title insurance limited...
• Sec. 21.66.180 General Powers.
  A title insurance company may(1) do business as defined in AS 21.66.480 ;(2) do any act, directly or through a title insurance limited producer,...
• Sec. 21.66.190 Limitations on Powers.
  (a) An insurer that transacts any class or kind of insurance other than title insurance is not eligible for the issuance or renewal of...
• Sec. 21.66.200 Title Plant Requirements.
  A title insurance company shall own and maintain in the recording district in which its principal office in the state is located a title...
• Sec. 21.66.210 Joint Plant Companies.
  (a) Two or more title insurance companies or two or more title insurance limited producers, or a combination of title insurance companies and title...
• Sec. 21.66.220 Net Retained Liability.
  (a) The net retained liability of a title insurance company under a single title insurance risk assumed in this state may not exceed 50...
• Sec. 21.66.230 Power to Reinsure.
  A title insurance company authorized to engage in the business of title insurance in this state may cede reinsurance of all or any part...
• Sec. 21.66.240 Title Plants.
  A title insurance company may invest in title plants if it complies at all times with the minimum capital investment requirements under this chapter....
• Sec. 21.66.250 Trust Funds.
  Except as provided in AS 34.80, trust funds or assets held in a fiduciary capacity by a title insurance company that is authorized to...
• Sec. 21.66.260 Title Insurance Agents Certification. [Repealed, Sec. 223 Ch 67 Sla 1992].
  Repealed or Renumbered
• Sec. 21.66.270 Title Insurance Limited Producers to Be Licensed.
  A title insurance limited producer shall be licensed in the manner provided for in AS 21.27. A title insurance limited producer may not obtain...
• Sec. 21.66.280 Title Insurance Limited Producers, Books, and Records.
  (a) In addition to any other requirement of this title, a title insurance limited producer licensee shall maintain books of accounts and records and...
• Sec. 21.66.290 Title Insurance Limited Producer Replies to Director Inquiries.
  A title insurance limited producer shall reply in writing promptly, with a copy of the reply mailed to each title insurance company for which...
• Sec. 21.66.300 Certain Names Prohibited.
  A title insurance limited producer for a title insurance company may not adopt a firm name containing the words "title insurance", "title guaranty", or...
• Sec. 21.66.310 Rebates Prohibited.
  (a) A title insurer, or officer, employee, attorney, or title insurance limited producer of a title insurer, may not pay, allow, or give or...
• Sec. 21.66.330 Examination of Records.
  If the director has reason to believe that a title insurance limited producer has violated or is in violation of AS 21.66.310 , the...
• Sec. 21.66.340 Additional Penalty for Rebates.
  A person who violates AS 21.66.310 is liable to the state for five times the amount or value of the rebate, reduction, or abatement...
• Sec. 21.66.350 Division of Rates.
  Nothing in this chapter prohibits the division of rates and charges between or among a title insurance company and its agent, two or more...
• Sec. 21.66.360 Purpose of Title Insurance Rate Regulation.
  The purpose of AS 21.66.370 - 21.66.400 is to promote the public welfare by regulating title insurance rates so that they are not excessive,...
• Sec. 21.66.370 Rate Filing.
  (a) A title insurance company shall file with the director its schedules of rates, manuals of classifications, rules and plans relating to schedules of...
• Sec. 21.66.380 Justification for Rates.
  (a) A rate filing shall be accompanied by a statement of the title insurance company making the filing, setting out the basis on which...
• Sec. 21.66.390 Making of Rates.
  (a) A title insurance company shall make rates that are not excessive or inadequate, that do not unfairly discriminate between risks in this state...
• Sec. 21.66.400 Disapproval of Filings.
  (a) If within the waiting period provided for in AS 21.66.370 (c) the director finds that a filing does not meet the requirements of...
• Sec. 21.66.401 - 21.66.403. Title Insurance Rating Organizations; Deviations From Filings of Rating Organization; Appeal From Action of Rating Organization. [Repealed, Sec. 223 Ch 67 Sla 1992].
  Repealed or Renumbered
• Sec. 21.66.410 Rate Administration.
  (a) The director may prescribe by regulation(1) guidelines reasonably adaptable to each of the rating systems on file with the director;(2) a uniform classification...
• Sec. 21.66.420 False or Misleading Information.
  A title insurance company or title insurance limited producer may not wilfully withhold information from, or knowingly give false or misleading information to the...
• Sec. 21.66.430 , 21.66.440. Penalties; Existing Filings and Hearings Continued. [Repealed, Sec. 223 Ch 67 Sla 1992].
  Repealed or Renumbered
• Sec. 21.66.450 Forms of Policies and Other Contracts of Title Insurance.
  (a) Each title insurance company shall file with the director all forms of title policies and other contracts of title insurance that it proposes...
• Sec. 21.66.460 Filing Required for Escrow, Settlement, and Closing Charges.
  (a) Each title insurance company shall file with the director a schedule of the escrow, settlement, and closing charges that it proposes to use...
• Sec. 21.66.470 Other Sections Applicable.
  The provisions of this title governing insurance companies, except to the extent that they are inconsistent with the provisions of this chapter, apply to...
• Sec. 21.66.480 Definitions.
  In this chapter,(1) "applicants for insurance" means those persons, whether or not prospectively insured, who apply to a title insurance company or to its...

Last modified: November 15, 2016