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Alaska Statutes Title 21. Insurance § 21.75.110. Action on bond

Current as of January 01, 2022 | Updated by FindLaw Staff

Action on the attorney-in-fact's bond or to recover against a deposit made in lieu of the bond may be brought at any time by one or more subscribers suffering loss through a violation of its conditions, or by a receiver or liquidator of the insurer. Amounts recovered on the bond shall be deposited in and become part of the insurer's funds. The total aggregate liability of the surety shall be limited to the amount of the penalty of the bond.

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Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.75.110. Action on bond - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-75-110/

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