reglab/housing_qa huggingface dataset:
AK Stat § 21.09.120 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.120. Issuance, refusal, and ownership of certificate.

(a) If, upon completion of its application, the director finds that the insurer has met the requirements for and is entitled to a certificate under this title, the director shall issue to the insurer a proper certificate of authority; if the director does not so find, the director shall issue an order refusing the certificate. The director shall act upon an application for a certificate of authority within 60 days after its completion. (b) The certificate, if issued, shall specify the kind or kinds of insurance the insurer is authorized to transact in this state. At the insurer's request, the director may issue a certificate of authority limited to particular types of insurance or insurance coverages within the scope of a kind of insurance defined in AS 21.12. (c) Although issued to the insurer, the certificate of authority is at all times the property of the state. Upon the expiration, suspension, or termination of the certificate of authority the insurer shall promptly deliver it to the director.
AK Stat § 21.09.130 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.130. Continuance, expiration, reinstatement, and amendment of certificate.

(a) A certificate of authority issued or renewed under this title continues in force as long as the insurer is entitled to it under this title and until suspended or revoked, or otherwise terminated, subject, however, to continuance of the certificate by the insurer each year by payment before June 30 of the continuation fee set under AS 21.06.250. The method of payment must be by electronic or other payment method specified by the director by regulation under AS 21.06.250. (b) If not continued by the insurer, its certificate of authority shall be suspended at midnight on June 30 following the failure of the insurer to continue it in force. The certificate of authority shall expire on June 30 one year following its suspension due to failure to continue the certificate of authority. The director shall promptly notify the insurer of the occurrence of a failure that may result in suspension of its certificate of authority. (c) The director may reinstate a certificate of authority that the insurer has inadvertently permitted to expire, after the insurer has fully cured all its failures that resulted in the expiration and upon payment by the insurer of the fee for reinstatement in addition to the current continuation fee, set under AS 21.06.250. Otherwise, the insurer shall be granted another certificate of authority only after filing an application and meeting all other requirements as for an original certificate of authority in this state. (d) The director may amend a certificate of authority at any time to accord with changes in the insurer's charter of insuring powers.
AK Stat § 21.09.135 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.135. Voluntary surrender of certificate of authority.

(a) A foreign admitted insurer may apply for voluntary surrender of its certificate of authority and the director may accept the application, if the foreign admitted insurer (1) is in compliance with the applicable sections of this title, or the director waives in writing each condition of noncompliance; (2) provides written confirmation that obligations incurred before the voluntary surrender of the certificate of authority shall be paid to guarantee funds or insurance pools established by law; and (3) is domiciled in a state that is (A) accredited by the National Association of Insurance Commissioners at the time of the request for voluntary surrender; or (B) not accredited by the National Association of Insurance Commissioners at the time of the request and agrees in writing to be subject to (i) AS 21.09.200 and 21.09.205 for a period of two years, including payment of any fee related to filing information with the director; and (ii) any other provision of this title that may be required in writing by the director and for the period of time the director may specify. (b) If a foreign admitted insurer who surrenders a certificate of authority ceases to exist, all business written and in force relative to a risk resident, located, or to be performed in this state shall be lawfully cancelled or reinsured. A reinsurance agreement covering all or a part of a risk described in this subsection shall be approved by the director before accepting the certificate of authority for surrender if the agreement meets the following criteria: (1) insurance coverage has not deteriorated from the policies existing at the time of the transfer; (2) the assuming insurer is of equal or better financial standing; and (3) the assuming insurer is admitted to do business in this state unless this requirement is waived by the director.
AK Stat § 21.09.140 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.140. Mandatory revocation or suspension of certificate.

(a) The director shall suspend or revoke an insurer's certificate of authority (1) if the action is required by a provision of this title; (2) if the insurer no longer meets the requirements for the authority granted, on account of the insurer becoming impaired or insolvent or otherwise; or (3) if the insurer's authority to transact insurance is suspended or revoked by its state of domicile, or state of entry into the United States if an alien insurer. (b) Except in cases of insolvency or impairment of required capital or surplus, or suspension or revocation by another state as referred to in (a)(3) of this section, the director shall give the insurer at least 15 days' notice in advance of a suspension or revocation under this section.
AK Stat § 21.09.150 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.150. Suspension or revocation for violations and special grounds.

(a) The director may suspend or revoke an insurer's certificate of authority if, after a hearing, the director finds that the insurer has violated a lawful order of the director or a provision of this title other than those for which suspension or revocation is mandatory or has not paid any annual service fees assessed under AS 23.05.067. (b) The director shall, after a hearing, suspend or revoke an insurer's certificate of authority if the director finds that the insurer (1) is in unsound condition, or in a condition, or using methods or practices in the conduct of its business, that render its further transaction of insurance in this state injurious or hazardous to its policyholders or to the public; (2) has refused to be examined or to produce its accounts, records, and files for examination or that any of its officers have refused to give information with respect to its affairs, when required by the director; (3) has failed to pay a final judgment rendered against it in this state within 30 days after the judgment became final; a judgment appealed from is not final until determined by the appellate court; (4) with a frequency that indicates its general business practice in this state, has without just cause refused to pay proper claims arising under its policies, whether the claim is in favor of an insured or is in favor of a third person, or without just cause delays adjustment of claims, or compels the insured or claimant to accept less than the amount due them or to employ attorneys or to bring suit against the insurer or an insured to secure full payment or settlement of claims; (5) is affiliated with and under the same general management or interlocking directorate or ownership as another insurer that transacts direct insurance in this state without having a certificate of authority, except as permitted for surplus line insurance under AS 21.34; (6) has failed, after written request by the director, to remove or discharge an officer or director who has been convicted of a felony involving fraud, dishonesty, or moral turpitude. (c) The director may, without advance notice or a hearing, immediately suspend the certificate of authority of an insurer against which proceedings for receivership, conservatorship, rehabilitation, or other delinquency proceedings, have been commenced in any state.
AK Stat § 21.09.160 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.160. Notice of suspension or revocation and effect upon agent's authority.

(a) Upon suspending or revoking an insurer's certificate of authority, the director shall immediately give notice to the insurer and shall also publish notice of the revocation in one or more newspapers of general circulation in this state. (b) The suspension or revocation shall automatically suspend or revoke, as the case may be, the authority of all its agents and managing general agents to act as agents or managing general agents of the insurer in this state, and the insurer shall so state in the notice to agents and managing general agents provided for in (c) of this section. (c) Upon notification of suspension or revocation of an insurer's certificate of authority, the insurer shall immediately give notice of the suspension or revocation to its agents and managing general agents operating in this state.
AK Stat § 21.09.170 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.170. Duration of suspension, insurer's obligations, and reinstatement.

(a) Suspension of an insurer's certificate of authority shall be for a fixed period of time determined by the director, or until the occurrence of a specific event necessary for remedying the reasons for suspension. The director may modify, rescind, or reverse a suspension under this section. (b) During the period of suspension, the insurer (1) may not solicit or write any new business in this state; (2) shall file its annual statement and pay fees, licenses, and taxes required under this title; and (3) may service its outstanding business in force in this state as if the certificate had continued in full force. (c) If the suspension of the certificate of authority is for a fixed period of time and the certificate of authority has not been otherwise terminated, upon expiration of the suspension period, the insurer's certificate of authority shall be reinstated unless the director finds that the insurer is not in compliance with the requirements of this title. The director shall promptly notify the insurer of any reinstatement, and the insurer may not consider its certificate of authority reinstated until notified by the director. If not reinstated, the certificate of authority expires at the end of the suspension period or at the time the insurer fails to continue the certificate during the suspension period under (b) of this section, whichever event occurs first. (d) If the suspension of the certificate of authority continues until the occurrence of a specific event and the certificate of authority has not been otherwise terminated, upon the presentation of evidence satisfactory to the director that the specific event has occurred, the insurer's certificate of authority shall be reinstated unless the director finds that the insurer is not in compliance with the requirements of this title. The director shall promptly notify the insurer of any reinstatement, and the insurer may not consider its certificate of authority reinstated until notified by the director. If satisfactory evidence as to the occurrence of the specific event has not been presented to the director within five years after the date of suspension, the certificate of authority expires five years from the date of suspension or upon failure of the insurer to continue the certificate during the suspension period under (b) of this section, whichever occurs first. (e) The authority of the agents in this state to represent the insurer is reinstated upon reinstatement of the insurer's certificate of authority. (f) The director shall promptly notify an insurer's agents in this state, as shown by records of the director, of any reinstatement.
AK Stat § 21.09.175 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.175. Determination of impairment.

If the director determines that an insurer transacting business in this state is impaired or in imminent danger of becoming impaired, the director may order an insurer to limit or change the insurer's business practices, increase the insurer's capital and surplus, or file additional reports with the director. If an insurer is aggrieved by an order under this section, the insurer may request a hearing under AS 21.06.170 - 21.06.230.
AK Stat § 21.09.180 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.180. Director attorney for service of process.

(a) Each insurer applying for authority to transact insurance in this state shall appoint the director as its attorney to receive service of legal process issued against it in this state. The appointment shall be made on a form designated and furnished by the director. The appointment shall be irrevocable, shall bind the insurer and any successor in interest to the assets or liabilities of the insurer, and shall remain in effect as long as there is in force in this state a contract made by the insurer or obligations arising from it. (b) Service of process against a foreign or alien insurer shall be made only by service of process upon the director or upon a deputy or other person in charge of the office during the absence of the director. Service of process against a domestic insurer may be made either upon the director or upon the insurer corporation in the manner provided by laws applying to corporations generally, or upon the insurer's attorney-in-fact if a domestic reciprocal insurer. (c) Each insurer at the time of application for a certificate of authority shall file with the director the name and address of the person to whom process against it served upon the director is to be forwarded. The insurer may change the designation by a new filing.
AK Stat § 21.09.190 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.190. Service of process.

(a) Duplicate copies of legal process against an insurer for whom the director is attorney under AS 21.09.180 shall be served upon the director, or upon a deputy of the director or other person in charge of the office during the absence of the director. At the time of service the plaintiff shall pay to the director a fee set under AS 21.06.250, taxable as costs in the action. Upon receiving service the director shall promptly forward a copy by certified mail with return receipt requested to the person last designated by the insurer to receive it. (b) Process served upon the director and the copy forwarded as provided in this section constitutes service upon the insurer.
AK Stat § 21.09.205 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.205. Quarterly statement.

(a) The director may require an insurer to file quarterly financial statements. If required, the statements must follow for a given quarter the reporting format specified in the quarterly financial statement blank form and instructions most recently approved by the National Association of Insurance Commissioners. (b) A quarterly financial statement, if required, is due 45 days after the end of the quarter to which it applies. (c) An insurer shall pay to the division $100 for each day the insurer fails to file the quarterly statement in the form required or within the time established in (b) of this section. (d) In addition to the requirements of (a) of this section, an authorized insurer shall file its quarterly statement with the National Association of Insurance Commissioners on electronic media acceptable to the association by the due date established by the association, and shall pay the applicable filing fee. The director may waive the filing requirement if the insurer only transacts business in this state and only accepts risks relative to a subject resident, located, or to be performed in this state. An insurer that fails to comply with this subsection is subject to the penalties specified in (c) of this section, calculated from the filing and fee due date established by the National Association of Insurance Commissioners.
AK Stat § 21.09.242 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.242. Cooperation with the Department of Health and Social Services.

(a) An insurer, including a pharmacy benefits manager, with respect to medical assistance programs under AS 47.07, shall cooperate with the Department of Health and Social Services to (1) provide, with respect to an individual who is eligible for or is provided medical assistance under AS 47.07, on the request of the department, information to determine during what period the individual or the individual's spouse or dependents may be or may have been covered by the insurer and the nature of the coverage that is or was provided by the insurer, including the name and address of the insurer and the identifying number of the health care insurance plan; (2) accept the department's right of recovery and the assignment to the department of any right of an individual or other entity to payment from the party for an item or service for which payment has been made under AS 47.07; (3) respond to any inquiry by the department regarding a claim for payment for any health care item or service that is submitted not later than three years after the date of the provision of the health care item or service; and (4) agree not to deny a claim submitted by the department solely on the basis of the date of submission of the claim, the type or format of the claim form, or a failure to present proper documentation at the point-of-sale that is the basis of the claim if (A) the claim is submitted by the department within the three-year period beginning on the date on which the item or service was furnished; and (B) any action by the department to enforce its rights with respect to the claim is commenced within six years after the department's submission of the claim. (b) An assessable entity, as defined in AS 18.09.990, shall provide information and assessments to the Department of Health and Social Services and the State Vaccine Assessment Council established under AS 18.09.210 as necessary for the statewide immunization program established under AS 18.09.200.
AK Stat § 21.09.245 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.245. Required notice.

(a) If an insurer intends to change the insurer's name, domicile, or other information provided on the certificate of authority, the insurer shall file a notice of the change with the director within 30 days before or after the intended change takes effect. (b) If an insurer changes the insurer's articles of incorporation, bylaws, business address, phone number, electronic mailing address, or other information maintained by the director, the insurer shall file a notice of the change with the director not later than 90 days after the effective date of the change. (c) Failure by an insurer to provide notification required by this section may result in a civil penalty of up to $1,000 and, additionally, a civil penalty of up to $50 for each day that the information is withheld from the director.
AK Stat § 21.09.247 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.247. Biographical affidavits.

A domestic insurer shall file with the director a complete affidavit of biographical information not later than 30 days after the appointment of an officer or director of the insurer. If requested by the director, a foreign insurer shall file with the director an affidavit of biographical information for the appointment of an officer or director of the insurer. A filing under this section must be on a form approved by the director. A filing is not required if a biographical affidavit of the officer or director has been submitted to the director within one year before the date of appointment. A biographical affidavit filed under this section is confidential and not subject to public inspection.
AK Stat § 21.09.250 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.250. Prohibited acts.

An insurer doing business in this state may not make, write, place, or cause to be made, written, or placed in this state a policy, duplicate policy, or contract of insurance of any kind or character, or general or floating policy upon persons or property resident, situated, or located in this state, from or through a person required to be licensed who has not secured a license in this state. An insurer may not pay a commission or any form of remuneration to a person, firm, or organization for the writing or placing of insurance coverage in this state unless that person, firm, or organization holds a license issued by the director.
AK Stat § 21.09.260 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 09. Authorization, Corporate Governance Requirements|Article 1. Authorization of Insurers and General Requirements.|Sec. 21.09.260. Penalties.

An insurer that the director determines, following an appropriate hearing as provided in AS 21.06.170 - 21.06.230, has violated the provisions of AS 21.09.250 is subject to a civil penalty of not more than $2,500 for each violation. The director may suspend or revoke the license of the insurer for a violation of AS 21.09.250, but violation does not invalidate the insurance contract.