There is a newer version of the Alaska Statutes
1997 Alaska Statutes
Title 21 INSURANCE
Chapter 21.21. INVESTMENTS
Sec. 21.21.355. Certain deposits not prohibited.
This chapter does not prevent the board of directors of an insurer from depositing securities
(1) with a committee appointed for the purpose of protecting the interests of policyholders;
(2) with the authorities of a state or country in which it is necessary to do so in order to secure permission to transact its appropriate business; or
(3) as collateral for the securing of a bond required for the business of the insurer.
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