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- Alaska Statutes.
- Title 21. Insurance
- Chapter 6. The Director of Insurance
- Section 160. Examination Expense.
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. Examination Reports.
next: Section 165
. Immunity For Director and Others.
AS 21.06.160. Examination Expense.
- (a) Each person examined, other than examinations under AS 21.06.130
, shall pay a reasonable rate calculated on salary, benefit costs, and estimated division overhead for time spent
directly or indirectly related to the examination. Each person examined, other than examinations under AS 21.06.130
, shall pay actual out-of-pocket business expenses, including travel expenses, incurred by division staff examiners and
shall pay the compensation of a contract examiner, to be set at a reasonable customary rate, for conducting the
examination upon presentation of a detailed account of the charges and expenses by the director or under an order of
the director. The accounting may either be presented periodically during the course of the examination or at the
termination of the examination. A person may not pay and an examiner may not accept additional compensation for an
examination. A person shall pay examination expenses to the division under this subsection using an electronic payment
method specified by the director.
- (b) The director shall pay into the general fund of the state all money received under (a) of this section. Instead of
charging and collecting the costs and expenses of the examination under (a) of this section, the director may give
written authorization for the person examined to make direct payment to the contract examiner for all or part of the
contract examiner's compensation or expenses. The contract between the state and a contract examiner who will receive
direct payment under this subsection must require that the examiner provide the director with a copy of each billing
for the examination.
- (c) In addition to other penalties provided by this title, if the person fails to pay the charges and expenses prescribed
in (a) of this section, the amount may be recovered by suit by the attorney general on behalf of the state and restored
to the general fund. The amount due shall be a first lien upon all of the assets and property of the person in this
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