Alaska § 21.75.055 - Surplus funds for cooperative insurers.
Full text of Alaska Alaska Statutes § 21.75.055 — Surplus funds for cooperative insurers., with citation guidance and answers to common questions.
§ 21.75.055. Surplus funds for cooperative insurers.
A cooperative insurer organized under AS 21.75.300 — 21.75.330, if it has otherwise complied with the applicable provisions of this chapter, may be authorized to transact insurance if it has and maintains surplus funds equal to one-half of the capital required for a domestic reciprocal insurer under AS 21.75.050 (a) and such additional surplus as the director considers sufficient.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.75.055
What does Alaska Statutes § 21.75.055 cover?
Section 21.75.055 ("Surplus funds for cooperative 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 § 21.75.055?
A common citation format is "Alaska Statutes § 21.75.055" (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 § 21.75.055 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.