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- Alaska Statutes.
- Title 21. Insurance
- Chapter 36. Trade Practices and Frauds
- Section 60. False or Misleading Financial Statements.
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. Violation of Viatical Settlement Provisions Prohibited.
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. Limitation on Owner Controlled and Contractor Controlled Insurance Programs.
AS 21.36.060. False or Misleading Financial Statements.
- (a) A person may not knowingly file with a public official, or knowingly make, publish, disseminate, circulate, or deliver
to a person, or place before the public, or knowingly cause, directly or indirectly, to be made, published,
disseminated, circulated, delivered to a person, or placed before the public, a false statement of the financial
condition of a person in the insurance business.
- (b) A person may not make a false entry in a book, report, or statement of a person in the insurance business, knowing it
to be a false entry, or knowingly omit to make a true entry of a material fact pertaining to the business of a person
in the insurance business in a book, report, or statement.
- (c) A person may not, directly or indirectly, in connection with an audit, review, or communication required under AS 21.09.200 ,
- (1) make or cause to be made a materially false or misleading statement to an accountant; or
- (2) omit to state or cause another person to omit to state any material fact necessary in order to make other statements
made not misleading to an accountant.
- (d) A person may not, directly or indirectly, take any action to coerce, manipulate, mislead, or fraudulently
influence any accountant engaged in the performance of an audit under AS 21.09.200 if that person knew or should have known that the action, if
successful, could result in rendering the insurer's financial statement materially misleading.
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