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- Alaska Statutes.
- Title 21. Insurance
- Chapter 24. Administration of Deposits
- Section 30. Securities Eligible For Deposit.
previous: Section 20
. Purpose of Deposit.
next: Section 40
. Depositary or Custodian.
AS 21.24.030. Securities Eligible For Deposit.
- (a) All deposits required under AS 21.09.090
for authority to transact insurance in this state shall consist of certificates of deposit or any combination of rated
credit instruments of the United States, Canada, or a state of the United States.
- (b) Deposits of a domestic insurer held in this state under the laws of another state, province, or country shall be
comprised of assets of the kinds described in (a) of this section, and of the additional kind or kinds of securities
required or permitted by the laws of the state, province, or country except common stocks, mortgages of any kind, and
- (c) Deposits of foreign insurers made in this state under AS 21.09.270
shall consist of the assets required by the director under the law.
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