There Is a Newer Version
of
the Alaska Statutes
2012 Alaska Statutes
Title 21 - INSURANCE
Chapter 21.78 - REHABILITATION AND LIQUIDATION
Sec. 21.78.272 Reinsurer's liability.
Universal Citation:
AK Stat ยง 21.78.272 (2012)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
The amount recoverable by the receiver from reinsurers may not be reduced as a result of delinquency proceedings, regardless of a provision in the reinsurance contract or other agreement. Payment made directly to an insured or other creditor does not diminish the reinsurer's obligation to the insurer's estate unless the reinsurance contract provided for direct coverage of a named insured and the payment was made in discharge of that obligation.
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