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- Alaska Statutes.
- Title 21. Insurance
- Chapter 9. Authorization, Corporate Governance Requirements
- Section 320. Maintenance of Records; Production; Civil Penalty.
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Section 310. Authorization of United States Branches of Alien Insurers and General Requirements.
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Section 400. Corporate Governance Annual Disclosure Scope.
AS 21.09.320. Maintenance of Records; Production; Civil Penalty.
(a) A foreign insurer shall keep at its principal place of business a complete
record of its assets, transactions, and affairs in accordance with the methods and systems that are customary or
suitable to the kind of business transacted.
(b) To meet the requirements of (a) of this section, the insurer shall keep the records as required by the record
maintenance requirements of the insurer's domicile jurisdiction.
(c) The director may make a request in writing to review records under (a) of this section. An insurer shall, not
later than 10 business days after the date of the request, provide the requested records to the director or make the
records available for inspection and copying. All records inspected or examined under this subsection are confidential,
but may be used by the director in a proceeding against the insurer.
(d) Failure by an insurer to provide information required in this section may result in a civil penalty of up to $1,000
for each violation and an additional civil penalty of up to $50 for each day the information requested is longernot provided.
Article 2. CORPORATE GOVERNANCE ANNUAL DISCLOSURE
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