Sec. 21.69.070. Application for solicitation permit.

278 words·~1 min read·/ak/title-21/chapter-69/21-69-070

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

To apply for a solicitation permit the person shall

(1)file with the director a request showing

(A)the name, type, and purpose of insurer, corporation, or syndicate proposed to be formed;

(B)the names, addresses, and business records of each person associated or to be associated in the formation of the proposed insurer, corporation, or syndicate;

(C)the full disclosure of the terms of all understandings and agreements existing or proposed among persons so associated relative to the proposed insurer, corporation, or syndicate, or its formation;

(D)the plan according to which solicitations are to be made;

(E)additional information that the director may reasonably require;

(2)file with the director

(A)the original and copies in triplicate of the proposed articles of incorporation or syndicate agreement; or, if the proposed insurer is a reciprocal, original and duplicate of the proposed subscriber's agreement and attorney-in-fact agreement;

(B)the original and duplicate copy of proposed bylaws;

(C)a copy of the security proposed to be issued and copy of the application or subscription agreement therefor;

(D)a copy of the insurance contract proposed to be offered and copy of the application therefor;

(E)a copy of the prospectus, advertising, or literature proposed to be used;

(F)a copy of the proposed form of escrow agreement required;

(3)deposit with the director the fees required by law to be paid for the application, for filing of the articles of incorporation of an insurer, for filing the subscribers' agreement and attorney-in-fact agreement if the proposed insurer is a reciprocal, for the solicitation permit, if granted, and for filing articles of incorporation with the commissioner.