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- Alaska Statutes.
- Title 21. Insurance
- Chapter 78. Rehabilitation and Liquidation
- Section 290. Notice to Creditors and Others.
previous: Section 281
. Special Provisions For Third-Party Claims.
next: Section 291
. Duties of Agents.
AS 21.78.290. Notice to Creditors and Others.
- (a) Unless the court directs otherwise, the receiver shall give or cause to be given notice of the liquidation order as
soon as possible after the date of the entry of the order of liquidation
- (1) by first class mail and either by telegram or telephone, to the insurance director, commissioner, or superintendent of
each jurisdiction in which the insurer is doing business;
- (2) by first class mail to a guaranty association or a foreign guaranty association that is or that might become obligated
as a result of the liquidation;
- (3) by first class mail to all insurance agents of the insurer;
- (4) by first class mail to all persons known or reasonably expected to have claims against the insurer, including all
policyholders, at the person's last known address as indicated by the records of the insurer; and
- (5) by publication in a newspaper of general circulation in the locale in which the insurer has its principal place of
business and in other locations that the receiver considers appropriate.
- (b) Notice to potential claimants under (a) of this section must state that a claimant shall file a claim with the
receiver, along with the information required by AS 21.78.170
(a), on or before the date specified in the notice. The time specified in the notice may not be less than six months
after the date the liquidation order was entered. The liquidation need not require a person claiming a cash surrender
value or other investment value in life insurance and annuities to file a claim. A claimant has a duty to keep the
receiver informed of a change of address.
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