Section 3.24.010. Purpose.

The purpose of 3 AAC 24.010 - 3 AAC 24.290 is to establish, consistent with 15 U.S.C. 3901 - 3906, as amended as of October 27, 1986 (Liability Risk Retention Act), a procedure for the registration of risk retention groups that seek to transact the business of insurance in Alaska, or relative to a subject or risk that is resident, located, or to be performed in Alaska, and to provide for the payment of fees for the administrative cost of the registration process.  

Authorities

21.03.010;21.06.090

Notes

Reference

3 AAC 24.010
3 AAC 24.290

Authority

AS 21.03.010 AS 21.06.090 Editor's note: As of Register 124 (January 1993) the regulations attorney corrected the parenthetical citation to the Liability Risk Retention Act of 1986 to the Liability Risk Retention Act.

History

Eff. 8/23/89, Register 111