Alaska § 21.33.011 - Purpose.
Full text of Alaska Alaska Statutes § 21.33.011 — Purpose., with citation guidance and answers to common questions.
§ 21.33.011. Purpose.
The legislature declares that insurance transactions with nonadmitted insurers are so affected with a public interest as to require regulation, taxation, supervision, and control of the transactions and matters relating to nonadmitted insurance as provided in this chapter in order to (1) protect the insureds and claimants of this state in transactions involving the purchase of insurance from nonadmitted insurers;
(2) avoid the obstacle of resorting to distant forums for the purpose of asserting legal rights under policies issued by nonadmitted insurers;
(3) provide a method of substituted service of process upon nonadmitted insurers for proceedings before the director and in the courts in this state;
(4) provide for the public the ability to self-procure insurance directly from nonadmitted insurers;
(5) protect the revenue of the state;
(6) protect regulated, admitted insurers from unregulated and unfair competition by nonadmitted insurers;
(7) regulate and supervise the effectuation of nonadmitted insurance under the laws of this state and 15 U.S.C. 1011; and
(8) maintain reliable insurance markets.
Frequently Asked Questions About Alaska § 21.33.011
What does Alaska Statutes § 21.33.011 cover?
Section 21.33.011 ("Purpose.") 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 § 21.33.011?
A common citation format is "Alaska Statutes § 21.33.011" (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 § 21.33.011 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.