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 3.23.570. Frequency of financial statements.
Latest version.
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(a) A licensee who accepts money in a fiduciary capacity shall prepare financial statements under AS 21.27.350(c) and 3 AAC 23.500 - 3 AAC 23.720 on a basis no less frequent than annually. (b) A licensee's financial statements shall be maintained for the period specified in AS 21.27.350(b). (c) Failure to comply with (a) or (b) of this section is a violation of AS 21.27.350 and 21.27.360.
Authorities
21.06.090;21.27.350;21.27.360
Notes
Authority
AS 21.06.090 AS 21.27.350 AS 21.27.360History
Eff. 8/29/90, Register 115; am 3/30/2003, Register 165