Alaska Statutes (Last Updated: January 11, 2017)

Section 21.18.075. Bail bond reserve.

Latest version.

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 surety insurer to set up and maintain a reserve on all bail bonds or other single premium bonds without a definite expiration date, furnished in judicial proceedings, equal to 25 percent of the total consideration charged for the bonds that are outstanding as of the date of a current financial statement of the insurer.

Notes

History

(Sec. 26 ch 50 SLA 1990)

                    
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