Section 21.66.080. Annual statement.

   (a) Every company, on or before March 1 of each year, shall furnish the director or the director's designee a sworn statement of assets and liabilities, and of all title premiums received by it during the preceding calendar year, setting out, among other things, the amounts that have been set aside and held by it in an account required under AS 21.18.073. The reporting format for a given year is the most recently approved National Association of Insurance Commissioners Annual Financial Statement blank form and instructions, supplemented for additional information as required by the director. The director may require the statement to be filed on electronic media. The statement must also show all unpaid losses and claims upon title insurance policies of which the title insurance company has received due notice in writing from or on behalf of the insured. With the filing of the statement, the title insurance company shall pay a filing fee set under AS 21.06.250.
   (b) A domestic title insurance company shall comply with AS 21.09.200(f).

Authorities

21.66.085

Notes

Implemented As

3 AAC 31.050

References

AS 21.66.085 Quarterly statement.

History

(Sec. 1 ch 120 SLA 1966; am Sec. 16 ch 26 SLA 1985; am Sec. 53, 54 ch 50 SLA 1990; am Sec. 157 ch 67 SLA 1992; am Sec. 29 ch 1 FSSLA 2005)