(a) Before
transacting the business of insurance in this state, a risk retention group
shall submit to the director
(1) a completed
registration form that shall include the following information:
(A) each state in which the risk retention
group is chartered or licensed to do business as a liability insurer;
(B) the date of its charter or
license;
(C) the state in which it
is domiciled;
(D) the complete
physical address and mailing address of
(i)
its offices in its state of domicile;
(ii) its principal place of business;
and
(iii) its directors and
principal officers;
(E)
the complete name, firm name, physical address, and mailing address of all
persons acting, or offering to act, as an agent, broker, or surplus lines
broker for the risk retention group, and identification of all types of
licenses held by each person and firm, including the state in which each
license is held;
(F) all classes or
lines of insurance the risk retention group intends to offer; and
(G) such other information, including
information concerning its membership, that the director requires to establish
its qualification as a risk retention group to transact business in
Alaska;
(2) a copy of
its plan of operation and the feasibility study submitted to its state of
domicile, including all revisions;
(3) a complete copy of the financial
statement submitted to its state of domicile, certified by an independent
public accountant, including a statement of opinion on its reserves for loss
and its reserves for loss adjustment expenses prepared by a member of the
American Academy of Actuaries or by another qualified specialist in such
reserves;
(4) a copy of each
examination of the risk retention group, certified by the commissioner or other
public officer conducting the examination, except that if no examination has
been conducted or if one is pending, a statement to that effect, signed by an
officer of the risk retention group, shall be submitted in its place;
(5) upon a form prescribed by the director, a
statement appointing the director as its agent for the purpose of receiving
service of legal documents or process; and
(6) such other information as the director
requires to verify its qualification and continuing qualification as a risk
retention group transacting or seeking to transact business in
Alaska.