Sec. 21.14.110. Exemptions.

119 words·~1 min read·/ak/title-21/chapter-14/21-14-110

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The director may exempt from the application of this chapter a domestic property and casualty insurer that

(1)writes direct business only in this state;

(2)writes direct annual premiums of $2,000,000 or less; and

(3)does not assume reinsurance in excess of five percent of direct premiums written.

(b)The director may exempt from the application of this chapter a domestic health organization that

(1)writes direct business only in this state;

(2)does not assume reinsurance in excess of five percent of direct premiums written and

(A)writes direct annual premiums for comprehensive medical care of $2,000,000 or less; or

(B)is a limited health service organization that covers less than 2,000 lives.