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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.21. Insurer - Financial. |
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Article 3.21.1. Insurance Holding Companies. |
Section 3.21.150. Adequacy of surplus.
Latest version.
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The factors set forth in AS 21.22.090 are not intended to be an exhaustive list. In determining the adequacy and reasonableness of an insurer's surplus, no single factor listed in AS 21.22.090 is controlling. The director, instead, will consider the net effect of all of these factors plus other factors bearing on the financial condition of the insurer. In comparing the surplus maintained by other insurers, the director will consider the extent to which each of these factors varies from company to company; in determining the quality and liquidity of investments in subsidiaries, the director will consider the individual subsidiary and will, in the directors discretion, discount or disallow its valuation to the extent that the individual investments so warrant.
Authorities
21.06.090;21.22.130