If the law or regulation in the place of domicile of a foreign company provides a degree of protection to the policyholders and the public which is substantially equal to that provided by these regulations, the director, to the extent deemed appropriate by him, may consider compliance with such law or regulation as compliance with these regulations.
3 AAC 28.160
In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.42.370 as AS 21.42.315. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 3 AAC 28.160, so that the citation to former AS 21.42.370(j) now refers to the renumbered statute, AS 21.42.315.
Authority:AS 21.06.090
AS 21.42.315