Section 3.25.140. Eligibility requirements for surplus lines insurers.

	(a)  The director will place a foreign surplus lines insurer on the list of eligible surplus lines insurers if the insurer  
		(1) meets the requirements of AS 21.34.040(c)(1) or (2); and  
		(2) provides certification to the director that the insurer is authorized to write the kind of insurance in its domiciliary jurisdiction that the insurer intends to write in this state.  
	(b)  The director will approve an alien insurer's application for eligibility if the alien insurer  
		(1) is not listed on the list described in AS 21.34.040(c)(7);  
		(2) meets the requirements under AS 21.34.040;  
		(3) pays the fee required under 3 AAC 31.060(a)(8); and  
		(4) submits on forms approved by the director  
			(A) a completed application;  
			(B) the appointment of the director to receive service of legal process; and  
			(C) the designation of a contact person for the insurer.  

Authorities

21.06.090;21.34.040;21.34.250

Notes

Authority

AS 21.06.090 AS 21.34.040 AS 21.34.250

History

Eff. 6/11/2006, Register 178; am 9/4/2014, Register 211.