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Alaska Statutes.
Title 21. Insurance
Chapter 34. Surplus Lines Insurance
Section 170. Monthly Reports, Summary of Exported Business.
previous: Section 160. Records of Surplus Lines Broker. [Repealed, Sec. 223 Ch 67 SLA 1992].
next: Section 180. Surplus Lines Tax.

AS 21.34.170. Monthly Reports, Summary of Exported Business.

(a) A surplus lines broker shall file with the director on or before the end of each month, on forms prescribed by the director, a verified report of all surplus lines insurance, by type of insurance as required to be reported in the annual statement that must be filed with the director by admitted insurers. The report must include all surplus lines insurance transactions during the preceding calendar month showing the aggregate gross premiums written, the aggregate return premiums, the amount of aggregate tax remitted to this state, and the amount of aggregate tax remitted to each other state for which an allocation is made under AS 21.34.150 .

(b) Instead of the report required under (a) of this section, the director may order that evidence of insurance be filed with surplus lines association and that the association file periodic reports regarding insurance transactions to the director.

(c) The surplus lines broker shall pay a penalty for late filing of the report, according to the rate established in regulations adopted by the director.

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Last modified 9/3/2005