Section 3.28.120. Rules applicable to persons managing separate account.

Rules under any provision of the insurance law of this state or any regulation applicable to the officers and directors of insurance companies with respect to conflicts of interest shall also apply to members of any separate account's committee, board or other similar body. No officer or director of such company nor any member of the committee, board or body of a separate account shall receive directly or indirectly any commission or any other compensation with respect to the purchase or sale of assets of such separate account.  

Authorities

21.06.090;21.42.315;01.05.031;21.42.370;44.62.125

Notes

Authority

AS 21.06.090 AS 21.42.315 Editor's note: In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.42.370 as AS 21.42.315. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 3 AAC 28.120, so that the citation to former AS 21.42.370(j) now refers to the renumbered statute, AS 21.42.315.

History

Eff. 11/8/73, Register 48

References

3.28.120