3 AAC 25.140 - Eligibility requirements for surplus lines insurers
(a) The director
will place a fo reign surplus lines insurer on the list of eligible surplus
lines insurers if the insurer
(1) meets the
requirements of
AS
21.34.040(c)(1) or (2); and
(2) provides certification to the
director that the insurer is authorized to write the kind of insurance in its
domiciliary jurisdiction that the insurer intends to write in this
state.
(b) The director
will approve an alien insurer's application for eli gibi lity if the alien
(1) is not listed on the li st described in
AS
21.34.040(c)(7);
(2) meets the requirements under
AS
21.34.040;
(3) pays the fee required under
3
AAC 31.060(a)(8); and
(4) submits on forms approved by the director
(A) a completed application;
(B) the appointment of the di rector to
receive service of legal process; and
(C) the designation of a contact person for
the insurer.
Notes
Authority:AS 21.06.090
AS 21.34.040
AS 21.34.250
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.