Alaska § 21.27.700 - Reinsurance intermediary broker records.
Full text of Alaska Alaska Statutes § 21.27.700 — Reinsurance intermediary broker records., with citation guidance and answers to common questions.
§ 21.27.700. Reinsurance intermediary broker records.
In addition to any other records requirements under this title, a reinsurance intermediary broker shall maintain in organized form a record of each transaction including (1) the type of contract, limits, underwriting restrictions, classes or risks, and territory;
(2) the period of coverage, including effective and expiration dates, cancellation provisions, and required notice of cancellation;
(3) the reporting and settlement requirements of balances;
(4) the rate used to compute the reinsurance premium;
(5) the names and addresses of reinsurers;
(6) the rate of all reinsurance commissions, including the commissions on retrocessions handled by the reinsurance intermediary broker;
(7) the related correspondence and memoranda;
(8) the proof of placement;
(9) the details regarding retrocessions handled by the reinsurance intermediary broker including the identity of retrocessionaires and the percentage of each contract assumed or ceded;
(10) the financial records of premium and loss accounts;
(11) if the reinsurance intermediary broker procures a reinsurance contract on behalf of an admitted ceding insurer (A) written evidence directly from an assuming reinsurer that it has agreed to assume the risk; or
(B) written evidence, if placed through a representative of the assuming reinsurer other than an employee, that the reinsurer had delegated binding authority to the representative; and
(12) additional information that is customary or that may be required by the director.
Article 6. Reinsurance Intermediary Managers.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.27.700
What does Alaska Statutes § 21.27.700 cover?
Section 21.27.700 ("Reinsurance intermediary broker records.") 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 § 21.27.700?
A common citation format is "Alaska Statutes § 21.27.700" (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 § 21.27.700 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.