Alaska Statutes.
Title 21. Insurance
Chapter 14. Risk Based Capital For Insurers
Section 40. Authorized Control Level Event.
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AS 21.14.040. Authorized Control Level Event.

If an authorized control level event occurs, the director shall take the action necessary

(1) under AS 21.14.030 (a) against the insurer; or

(2) to place the insurer under regulatory control under AS 21.78 if, after a hearing under AS 21.06.180 - 21.06.240, the director determines it to be in the best interest of the policyholders and creditors of the insurer and of the public.

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