Section 21.39.110. Joint underwriting or joint reinsurance.

Latest version.

   (a) Each group, association, or other organization of insurers that engages in joint underwriting or joint reinsurance is subject to regulation in accordance with this section. In addition, joint underwriting is subject to all other provisions of this chapter, except for AS 21.39.210, and joint reinsurance is subject to AS 21.39.120, 21.39.160, and 21.39.170.
   (b) If, after a hearing, the director finds that an activity or practice of a group, association, or other organization is unfair or unreasonable or otherwise inconsistent with this chapter, the director may issue a written order specifying in what respects the activity or practice is unfair or unreasonable or otherwise inconsistent with this chapter, and requiring the discontinuance of the activity or practice.

Authorities

21.39.020;21.39.120

Notes

References

AS 21.39.020 Applicability.
AS 21.39.120 Examinations.

History

(Sec. 1 ch 120 SLA 1966; am Sec. 7 ch 88 SLA 2005)

                    
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