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Title 3 . Commerce, Community, and Economic Development
Chapter 23 . Miscellaneous
Section 700. Nonresident licensees

3 AAC 23.700. Nonresident licensees

(a) A nonresident licensee shall hold in a fiduciary capacity, under AS 21.27.360 and 3 AAC 23.500 - 3 AAC 23.690, money for contracts of insurance written and delivered in this state or insurance risks domiciled in this state.

(b) Failure to comply with (a) of this section is a violation of AS 21.27.360 .

History: Eff. 8/29/90, Register 115; am 3/30/2003, Register 165

Authority: AS 21.06.090

AS 21.27.350

AS 21.27.360

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Last modified 7/05/2006