(a) The director may exempt from the application of this chapter a domestic property and casualty insurer that

Terms Used In Alaska Statutes 21.14.110

  • 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
(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.