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2020 Alaska Statutes
Title 21. Insurance
Chapter 69. Organization and Corporate Procedures
Sec. 21.69.260. Failure to qualify.
Universal Citation: AK Stat § 21.69.260 (2020)
If the proposed domestic insurer fails to complete its organization and to secure its original certificate of authority within one year from and after the date of its certificate of incorporation, its corporate powers shall cease, and the director shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under AS 21.69.250.
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