(a) An action may not lie against a subscriber upon an obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for 30 days.

Terms Used In Alaska Statutes 21.75.190

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) The judgment shall be binding upon each subscriber only in the proportion which the subscriber’s interest may appear and in an amount not exceeding the contingent liability of the subscriber, if any.
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