Alaska Statutes: AS 21.34.050. Listing Eligible Surplus Lines Insurers.

Alaska Statutes. Title 21. Insurance Chapter 34. Surplus Lines Insurance Section 50. Listing Eligible Surplus Lines Insurers.

previous: Section 40. Eligible Surplus Lines Insurers Required.
next: Section 60. Other Nonadmitted Insurers.

AS 21.34.050. Listing Eligible Surplus Lines Insurers.

   (a) In addition to meeting the requirements of AS 21.34.040, a nonadmitted insurer shall be considered an eligible surplus lines insurer if it appears on the most recent list of eligible surplus lines insurers published by the director. The list is to be published at least semiannually by
        (1) posting the list on the division's Internet website; and
        (2) providing a copy of the list to a person on request to the division.
   (b) Nothing in this section requires the director to place or maintain the name of a nonadmitted insurer on the list of eligible surplus lines insurers.
   (c) A nonadmitted insurer shall be removed from the list of eligible surplus lines insurers if the nonadmitted insurer fails to meet the requirement under AS 21.34.040 (d). However, the director may reinstate a nonadmitted insurer on the list of eligible surplus lines insurers if the nonadmitted insurer has remedied the reason for removal from the list.

This version of the Alaska Statutes is current through December, 2022. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.