Section 3.23.700. Nonresident licensees.

Latest version.

	(a)  A nonresident licensee shall hold in a fiduciary capacity, under AS 21.27.360 and 3 AAC 23.500 - 3 AAC 23.690, money for contracts of insurance written and delivered in this state or insurance risks domiciled in this state.  
	(b)  Failure to comply with (a) of this section is a violation of AS 21.27.360.

Authorities

21.06.090;21.27.350;21.27.360

Notes

Authority
 AS 21.06.090  
AS 21.27.350  
AS 21.27.360  
History Eff. 8/29/90, Register 115; am 3/30/2003, Register 165

                    
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