Section 21.09.175. Determination of impairment.

Latest version.

If the director determines that an insurer transacting business in this state is impaired or in imminent danger of becoming impaired, the director may order an insurer to limit or change the insurer's business practices, increase the insurer's capital and surplus, or file additional reports with the director. If an insurer is aggrieved by an order under this section, the insurer may request a hearing under AS 21.06.170 - 21.06.230.

Authorities

21.56.160

Notes

Implemented As

3 AAC 21.500
3 AAC 21.510
3 AAC 21.520
3 AAC 21.700

References

3 AAC 21.500
AS 21.56.160 Exemption from required offer of coverage.

History

(Sec. 15 ch 67 SLA 1992)

                    
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