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- Alaska Statutes.
- Title 21. Insurance
- Chapter 39. Rates and Rating Organizations
- Section 110. Joint Underwriting or Joint Reinsurance.
previous: Section 100
. Advisory Organizations.
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AS 21.39.110. Joint Underwriting or Joint Reinsurance.
- (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 21.39.220, 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.
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