There is a newer version
of
this Section
2019 Alaska Statutes
Title 21. Insurance
Chapter 21. Investments
Sec. 21.21.020. Eligible investments.
Universal Citation: AK Stat § 21.21.020 (2019)
(a) Insurers shall invest in or lend their funds on the security of, and shall hold as invested assets, only the eligible investments prescribed in this chapter.
(b) [Repealed, § 85 ch 50 SLA 1990.]
(c) Eligibility of an investment shall be determined as of the date of its making or acquisition.
(d) An investment limitation based upon the amount of the insurer's assets or particular funds shall relate to the assets or funds shown by the insurer's annual statement most recently required to be filed with the director.
(e) For purposes of determining compliance with investment limitations imposed under this chapter, the director or an insurer shall use admitted asset values.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
