(a) The director may exempt from the application of this chapter a domestic property and casualty insurer that (1) writes direct business only in this state; (2) writes direct annual premiums of $2,000,000 or less; and (3) does not assume reinsurance in excess of five percent of direct premiums written. (b) The director may exempt from the application of this chapter a domestic health organization that (1) writes direct business only in this state; (2) does not assume reinsurance in excess of five percent of direct premiums written and (A) writes direct annual premiums for comprehensive medical care of $2,000,000 or less; or (B) is a limited health service organization that covers less than 2,000 lives.
‹ Prev All Alaska sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.