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A cooperative insurer organized under AS 21.75.300 - 21.75.330, if it has otherwise complied with the applicable provisions of this chapter, may be authorized to transact insurance if it has and maintains surplus funds equal to one-half of the capital required for a domestic reciprocal insurer under AS 21.75.050(a) and such additional surplus as the director considers sufficient.
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.75.055. Surplus funds for cooperative insurers - last updated April 21, 2021 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-75-055/
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