Alaska § 21.09.080 - Capital funds required of old domestic insurers.
Full text of Alaska Alaska Statutes § 21.09.080 — Capital funds required of old domestic insurers., with citation guidance and answers to common questions.
§ 21.09.080. Capital funds required of old domestic insurers.
(a) In order for a domestic insurer to renew and continue the insurer's certificate of authority after January 1, 1992, the insurer must possess at least the basic capital, basic guarantee surplus, and additional maintained surplus required under AS 21.09.070 (a).
(b) [Repealed, § 85 ch 50 SLA 1990.] (c) [Repealed, § 85 ch 50 SLA 1990.] (d) Notwithstanding the provisions of this section, a domestic life insurer duly licensed and capitalized on December 31, 1984, shall have and maintain the capital and surplus required under the laws of this state on December 31, 1984, as if the laws had continued in force. This subsection does not apply to a domestic life insurer if the ownership of the insurer is changed, or the class, line, and volume of the business written is materially changed from that written on December 31, 1984.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.09.080
What does Alaska Statutes § 21.09.080 cover?
Section 21.09.080 ("Capital funds required of old domestic insurers.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 21.09.080?
A common citation format is "Alaska Statutes § 21.09.080" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 21.09.080 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.