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(a) If the company is a subsidiary of an authorized life insurance company, or affiliated with such company by common management or ownership, it may be deemed by the director to have satisfied the provision of 3 AAC 28.020(a) (2) if either it or such authorized life insurance company satisfies the provisions.
(b) Notwithstanding (a) of this section, companies authorized and having a satisfactory record of doing business in this state for a period of at least three years may be deemed to have satisfied 3 AAC 28.020(a) (2).
History: Eff. 11/8/73, Register 48
Authority: AS 21.06.090
AS 21.42.370 (j)
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Last modified 7/05/2006