Alaska Statutes (Last Updated: January 11, 2017)

Section 21.18.100. Increase of reserves.

Latest version.

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 director shall require the insurer to maintain loss reserves or reserves for incurred but not reported losses in the increased amount needed to make them adequate.

Notes

History

(Sec. 1 ch 120 SLA 1966; am Sec. 23 ch 67 SLA 1992)

                    
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