3 AAC 24.010. Purpose

The purpose of 3 AAC 24.010 - 3 AAC 24.290 is to establish, consistent with 15 U.S.C. 3901 - 3906, as amended as of October 27, 1986 (Liability Risk Retention Act), a procedure for the registration of risk retention groups that seek to transact the business of insurance in Alaska, or relative to a subject or risk that is resident, located, or to be performed in Alaska, and to provide for the payment of fees for the administrative cost of the registration process.

History: Eff. 8/23/89, Register 111

Authority: AS 21.03.010

AS 21.06.090

Editor's note: As of Register 124 (January 1993) the regulations attorney corrected the parenthetical citation to the Liability Risk Retention Act of 1986 to the Liability Risk Retention Act.

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