The director may apply to the court for an order appointing the director as receiver or ancillary receiver, and directing the director to conserve the assets within this state, of an alien insurer upon

(1) any of the grounds specified in Alaska Stat. § 21.78.040 or 21.78.050;

Terms Used In Alaska Statutes 21.78.070

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
(2) the ground that the insurer has failed to comply, within the time designated by the director, with an order made by the director to make good an impairment of its trusteed funds; or
(3) the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.
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