Section 3.21.685. Other security for an unauthorized assuming insurer.

Latest version.

Credit for reinsurance with an unauthorized assuming insurer may be secured by unencumbered funds withheld from the unauthorized assuming insurer by the ceding insurer and maintained in the United States, subject to withdrawal solely by the ceding insurer and under its exclusive control.

Authorities

21.06.090;21.12.020

Notes

Authority
 AS 21.06.090  
AS 21.12.020  
History Eff. 11/25/94, Register 132

                    
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