A certificate of authority is not required of an insurer, not otherwise authorized in this state, with regard to

(1) transactions relative to its policies lawfully written in the state, or liquidation of assets and liabilities of the insurer, other than collection of new premiums, resulting from its former authorized operations in the state;

Terms Used In Alaska Statutes 21.09.020

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(2) related transactions subsequent to issuance of a policy covering only subjects of insurance not resident, located, or expressly to be performed in the state at time of issuance, and which coverage was lawfully solicited, written, and delivered outside the state;
(3) transactions under surplus lines coverages lawfully written under Alaska Stat. Chapter 21.34;
(4) reinsurance, except as to domestic reinsurers; or
(5) transactions relative to policies issued in another state, but only if

(A) the insurer does not market insurance in this state;
(B) the laws of the state of issue apply to this state’s residents covered under the policies; and
(C) the insurer complies with other requirements the director adopts by regulation to qualify for an exception under this paragraph.
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