Alaska § 21.69.150 - Escrow of funds.
Full text of Alaska Alaska Statutes § 21.69.150 — Escrow of funds., with citation guidance and answers to common questions.
§ 21.69.150. Escrow of funds.
(a) All funds received under a solicitation permit shall be deposited and held in escrow in a bond or trust company under an agreement approved by the director. Funds deposited may not be withdrawn, except (1) for the payment of promotion and organization expenses as authorized by the solicitation permit;
(2) for the purpose of making a deposit with the director required for the issuance of a certificate of authority to an insurer;
(3) if the proposed organization is not to be an insurer, upon completion of payments on stock or syndicate subscriptions made under the solicitation permit and deposit or appropriation of the funds to the purposes specified in the solicitation permit; or
(4) for making refunds as provided in AS 21.69.190 .
(b) When the director has issued a certificate of authority to an insurer the funds remaining in escrow for its account shall be released to the insurer.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.69.150
What does Alaska Statutes § 21.69.150 cover?
Section 21.69.150 ("Escrow of funds.") 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 § 21.69.150?
A common citation format is "Alaska Statutes § 21.69.150" (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 § 21.69.150 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.