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Title 3 . Commerce, Community, and Economic Development
Chapter 28 . Miscellaneous
Section 120. Rules applicable to persons managing separate account

3 AAC 28.120. Rules applicable to persons managing separate account

Rules under any provision of the insurance law of this state or any regulation applicable to the officers and directors of insurance companies with respect to conflicts of interest shall also apply to members of any separate account's committee, board or other similar body. No officer or director of such company nor any member of the committee, board or body of a separate account shall receive directly or indirectly any commission or any other compensation with respect to the purchase or sale of assets of such separate account.

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