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Alaska Statutes.

Title 21. Insurance

Chapter 18. Assets and Liabilities

Section 75. Bail Bond Reserve.

AS 21.18.075. Bail Bond Reserve.

In place of the unearned premium reserve required on surety bonds under AS 21.18.060 , the department may require a surety insurer or limited surety insurer to set up and maintain a reserve on all bail bonds or other single premium bonds without a definite expiration date, furnished in judicial proceedings, equal to 25 percent of the total consideration charged for the bonds that are outstanding as of the date of a current financial statement of the insurer.

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Last modified 9/3/2005