Alaska Statutes (Last Updated: January 11, 2017) |
Title 21. INSURANCE. |
Chapter 21.24. ADMINISTRATION OF DEPOSITS. |
Section 21.24.090. Rights of insurer during solvency.
Latest version.
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If the insurer remains solvent and is in compliance with this title it may
(1) demand, receive, sue for, and recover the income from the assets or securities deposited;
(2) exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value;
(3) at any reasonable time inspect the deposit.
Notes
History
(Sec. 1 ch 120 SLA 1966)