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- Alaska Statutes.
- Title 21. Insurance
- Chapter 39. Rates and Rating Organizations
- Section 120. Examinations.
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. Joint Underwriting or Joint Reinsurance.
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. Rate Administration.
AS 21.39.120. Examinations.
- (a) The director shall, at least once in five years, make or cause to be made an examination of each rating organization
licensed in this state under AS 21.39.060
and may, as often as the director may consider it expedient, make or cause to be made an examination of each advisory
organization referred to in AS 21.39.100
and of each group, association, or other organization referred to in AS 21.39.110
. The reasonable costs of the examination shall be paid by the rating organization, advisory organization, or group,
association, or other organization examined upon presentation to it of a detailed account of the costs. The officers,
manager, agents, and employees of the rating organization, advisory organization, or group, association, or other
organization may be examined at any time under oath and shall exhibit all books, records, accounts, documents, or
agreements governing its method of operation. In lieu of an examination the director may accept the report of an
examination made by the insurance supervisory official of another state, under the laws of that state.
- (b) A report of an examination may not be made public unless the rating organization, advisory organization, group,
association, or other organization examined within 30 days after its receipt of the director's written notice of
intention to publicize the report, does not apply to the director for a hearing. If the application is made within the
30 days, the director shall hold a hearing, after first giving reasonable written notice of the time and place, and
either approve or disapprove the report as being correct. If the director approves the report or if no application is
made for a hearing, the report shall immediately become and be admissible in evidence as a public record, and open to
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