Public-domain · open source
OpenJurist

AS 21.78.060

Grounds for conservation, foreign insurers

Known as the Uniform Insurers Liquidation Act

The act spans §§ 21.78.010 to 21.78.330 (48 sections).

The director may apply to the court for an order appointing the director as receiver or ancillary receiver, and directing the director to conserve the assets in this state, of a foreign insurer upon (1) any of the grounds specified in AS 21.78.040 or 21.78.050; or

(2) the ground that it's property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.

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