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Current as of January 01, 2022 | Updated by FindLaw Staff
(a) The director may exempt from the application of this chapter a domestic property and casualty insurer that
(1) writes direct business only in this state;
(2) writes direct annual premiums of $2,000,000 or less; and
(3) does not assume reinsurance in excess of five percent of direct premiums written.
(b) The director may exempt from the application of this chapter a domestic health organization that
(1) writes direct business only in this state;
(2) does not assume reinsurance in excess of five percent of direct premiums written and
(A) writes direct annual premiums for comprehensive medical care of $2,000,000 or less; or
(B) is a limited health service organization that covers less than 2,000 lives.
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.14.110. Exemptions - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-14-110/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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