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Code · Alaska · Title 21 · Chapter 80

Sec. 21.80.110. Prevention of insolvencies.

77 words·~1 min read·/ak/title-21/chapter-80/21-80-110

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Sec. 21.80.110. Prevention of insolvencies.
The board of governors may
(1)upon a majority vote, make recommendations to the director regarding matters generally related to improving or enhancing regulation for insurer solvency; or
(2)at the conclusion of an insurer insolvency in which the association was obligated to pay covered claims, prepare a report on the history and causes of the insolvency, based on the information available to the association, and submit this report to the director.
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