1995 Alaska Statutes
TITLE 21 INSURANCE
Chapter 21.84. FRATERNAL BENEFIT SOCIETIES
Sec. 21.84.370. EXAMINATION OF DOMESTIC SOCIETIES.

(a) The director, or a person appointed by the director, has the power of visitation and examination into the affairs of any domestic society. The director shall make the examination at least once in every three years. The director may employ assistants for the purpose of the examination. The director, or a person appointed by the director, shall have free access to all books, papers, and documents that relate to the business of the society.

(b) In making the examination the director may summon and qualify as witnesses under oath and examine its officers, agents, and employees or other persons in relation to the affairs, transactions, and condition of the society.

(c) A summary of the report of the director and the recommendations or statements of the director which may accompany the report, shall be read at the first meeting of the board of directors or corresponding body of the society following receipt of it and if ordered to do so by the director, shall also be read at the first meeting of the supreme legislative or governing body of the society following receipt of it. A copy of the report, recommendations, and statements of the director shall be furnished by the society to each member of the board of directors or other governing body.

(d) The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued, upon statements furnished by the director.