(a) All deposits required under Alaska Stat. § 21.09.090 for authority to transact insurance in this state shall consist of certificates of deposit or any combination of rated credit instruments of the United States, Canada, or a state of the United States.
Terms Used In Alaska Statutes 21.24.030
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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
(b) Deposits of a domestic insurer held in this state under the laws of another state, province, or country shall be comprised of assets of the kinds described in (a) of this section, and of the additional kind or kinds of securities required or permitted by the laws of the state, province, or country except common stocks, mortgages of any kind, and real estate.(c) Deposits of foreign insurers made in this state under Alaska Stat. § 21.09.270 shall consist of the assets required by the director under the law.
