Alaska Statutes (Last Updated: January 11, 2017)

Section 21.34.025. Subscription policies or joint underwriting in combination with admitted insurers.

Latest version.

Subscription policies or joint underwriting of insurance other than reinsurance, wet marine and transportation insurance, insurance independently procured, life insurance, health insurance, and annuity contracts by a combination of authorized insurers and nonadmitted insurers is a surplus lines insurance placement in its entirety, is subject to this chapter, is not subject to AS 21.39, AS 21.42.120, or 21.42.130, and losses or claims are not covered by AS 21.80 (Alaska Insurance Guaranty Association Act).

Notes

History

(Sec. 118 ch 67 SLA 1992; am Sec. 26 ch 56 SLA 1996)

                    
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