Alaska § 21.09.120 - Examination of insurers, third-party administrators, and pharmacy benefit managers.
Full text of Alaska Alaska Statutes § 21.09.120 — Examination of insurers, third-party administrators, and pharmacy benefit managers., with citation guidance and answers to common questions.
§ 21.09.120. Examination of insurers, third-party administrators, and pharmacy benefit managers.
(a) If, upon completion of its application, the director finds that the insurer has met the requirements for and is entitled to a certificate under this title, the director shall issue to the insurer a proper certificate of authority; if the director does not so find, the director shall issue an order refusing the certificate. The director shall act upon an application for a certificate of authority within 60 days after its completion.
(b) The certificate, if issued, shall specify the kind or kinds of insurance the insurer is authorized to transact in this state. At the insurer's request, the director may issue a certificate of authority limited to particular types of insurance or insurance coverages within the scope of a kind of insurance defined in AS 21.12 .
(c) Although issued to the insurer, the certificate of authority is at all times the property of the state. Upon the expiration, suspension, or termination of the certificate of authority the insurer shall promptly deliver it to the director.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.09.120
What does Alaska Statutes § 21.09.120 cover?
Section 21.09.120 ("Examination of insurers, third-party administrators, and pharmacy benefit managers.") 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 § 21.09.120?
A common citation format is "Alaska Statutes § 21.09.120" (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 § 21.09.120 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.