Alaska Statutes 21.09.070 – Capital funds required of foreign insurers and new domestic insurers
Kind or Kindsof Insurance Basic Capital or Basic Additional Surplus Additional GuaranteeSurplus When First Authorized Maintained Surplus
Life $1,000,000 $1,000,000 $750,000
Health 1,000,000 1,000,000 750,000
Life and Health 1,250,000 1,250,000 1,000,000
Property 1,000,000 1,000,000 750,000
Casualty excluding
vehicle 1,000,000 1,000,000 750,000
Vehicle 1,000,000 1,000,000 750,000
Marine &
transportation 1,000,000 1,000,000 750,000
Surety 1,000,000 1,000,000 750,000
Title 500,000 500,000 250,000
Any three or more of
the following kinds of
insurance: property, marine and transportation,
vehicle, casualty
excluding vehicle,
surety, and health 3,000,000 3,000,000 2,250,000
Legal expenses 1,000,000 1,000,000 750,000
Mortgage Guarantee 1,000,000 1,000,000 750,000
Terms Used In Alaska Statutes 21.09.070
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- property: includes real and personal property. See Alaska Statutes 01.10.060
- 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