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 Alaska Administrative Code (Last Updated: January 12, 2017)
 Title 3. Commerce, Community, and Economic Development.
 Part 3.1. Banking, Securities, Small Loans and Corporations.
 Chapter 3.23. Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters.
 Article 3.23.1. Licensing Requirements.

  Section 3.23.510. Generally accepted accounting principles.  

Latest version. 
  • 	(a)  Generally accepted accounting principles for a licensee accepting  money in a fiduciary capacity are those accounting rules, conventions, and procedures that follow, or that have substantial authoritative support because they are adopted by the following authorities, listed by order of precedence with the highest shown first:  
		(1) AS 21;  
		(2) 3 AAC 23.500 - 3 AAC 23.730 and 3 AAC 23.999;  
		(3) the Financial Accounting Standards Board or its successor organization;  
		(4) the American Institute of Certified Public Accountants.  
	(b)  Deviation from generally accepted accounting principles is a violation of AS 21.27.350(d).

Authorities

21.06.090;21.27.350

Notes


Authority
AS 21.06.090 AS 21.27.350
History
Eff. 8/29/90, Register 115; am 3/11/98, Register 145; am 3/30/2003, Register 165