(a) If it appears to the director that a person has committed a violation of this chapter that so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, then the director may proceed as provided in Alaska Stat. Chapter 21.78 to take possession of the property of that domestic insurer and to conduct its business.

Terms Used In Alaska Statutes 21.22.180

(b) This section does not apply to a violation involving a security that constitutes an acquisition covered by Alaska Stat. § 21.22.065.
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