Alaska Statutes Title 21. Insurance § 21.34.070. Declaration of ineligibility

(a) If after a review of a nonadmitted insurer and consideration of factors including quality of management, capital and surplus of a parent company, underwriting profit, investment income trends, trade practices, reserving practices, company record, and reputation within the industry, the director finds the insurer to be unacceptable, the director may declare the nonadmitted insurer to be ineligible.

(b) The director may issue an order declaring a nonadmitted insurer ineligible if at any time the director has reason to believe that the nonadmitted insurer

(c) The director shall promptly mail notice of all declarations under (b) of this section to each licensed surplus lines broker.