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- Alaska Statutes.
- Title 21. Insurance
- Chapter 9. Authorization of Insurers and General Requirements
- Section 20. Exceptions, Certificate of Authority Requirement.
previous: Section 10
. Certificate of Authority Required.
next: Section 30
. Admission For Investment Only.
AS 21.09.020. Exceptions, Certificate of Authority Requirement.
A certificate of authority is not required of an insurer, not otherwise authorized in this state, in regard to
- (1) transactions relative to its policies lawfully written in the state, or liquidation of assets and liabilities of the
insurer (other than collection of new premiums), all as resulting from its former authorized operations in the state;
- (2) related transactions subsequent to issuance of a policy covering only subjects of insurance not resident, located, or
expressly to be performed in the state at time of issuance, and which coverage was lawfully solicited, written, and
delivered outside the state;
- (3) transactions under surplus lines coverages lawfully written under AS 21.34; or
- (4) reinsurance, except as to domestic reinsurers.
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