A subscriber of a domestic reciprocal insurer having contingent liability is liable for and shall pay the subscriber’s share of any assessment, as computed and limited under this chapter, if

(1) while the subscriber’s policy is in force or within one year after its termination, the subscriber is notified by either the attorney-in-fact or the director of an intention to levy the assessment; or

Terms Used In Alaska Statutes 21.75.210

  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
(2) an order to show cause why a receiver, conservator, rehabilitator, or liquidator of the insurer should not be appointed is issued while the subscriber’s policy is in force or within one year after its termination.
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