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- Alaska Statutes.
- Title 21. Insurance
- Chapter 36. Trade Practices and Frauds
- Section 170. Interlocking Ownership, Management.
previous: Section 169
. Definitions For AS 21.36.164
next: Section 180
. Illegal Dealing in Premiums. [Repealed, Sec. 22 Ch 149 SLA 1984].
AS 21.36.170. Interlocking Ownership, Management.
- (a) An insurer may retain, invest in, or acquire the whole or a part of the capital stock of another insurer or insurers,
or have a common management with another insurer or insurers, unless the retention, investment, acquisition, or common
management is inconsistent with a provision of this title, or unless by reason thereof the business of the insurers
with the public is conducted in a manner that substantially lessens competition generally in the insurance business or
tends to create a monopoly.
- (b) A person otherwise qualified may be director of two or more insurers that are competitors, unless the effect is to
lessen substantially competition between insurers generally or tends materially to create a monopoly.
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