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AS 21.14.040

Authorized control level event

If an authorized control level event occurs, the director shall take the action necessary (1) under AS 21.14.030(a) against the insurer; or

(2) to place the insurer under regulatory control under AS 21.78.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.