Statutes, codes, and regulations
Alaska Administrative Code
Title 3 - Commerce, Community, and Economic DevelopmentPart 2 - Division of InsuranceChapter 23 - Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters
Article 4 - Fiduciary Responsibilities of Licensees
Section 3 AAC 23.700 - Nonresident licensees

3 Alaska Admin. Code § 23.700

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Current through December 21, 2024
Section 3 AAC 23.700 - Nonresident licensees
(a) A nonresident licensee shall hold in a fiduciary capacity, under AS 21.27.360 and 3 AAC 23.500 - 3 AAC 23.690, money for contracts of insurance written and delivered in this state or insurance risks domiciled in this state.
(b) Failure to comply with (a) of this section is a violation of AS 21.27.360.

3 AAC 23.700

Eff. 8/29/90, Register 115; am 3/30/2003, Register 165

Authority:AS 21.06.090

AS 21.27.350

AS 21.27.360