Alaska § 21.75.150 - Determination of financial condition.
Full text of Alaska Alaska Statutes § 21.75.150 — Determination of financial condition., with citation guidance and answers to common questions.
§ 21.75.150. Determination of financial condition.
In determining the financial condition of a reciprocal insurer the director shall apply the following rules: (1) the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis shall be charged as liabilities;
(2) the surplus deposits of subscribers shall be allowed as assets, except the premium deposits delinquent for 90 days shall first be charged against the surplus deposit;
(3) the surplus deposits of subscribers may not be charged as a liability;
(4) all premium deposits delinquent less than 90 days shall be allowed as assets;
(5) an assessment levied upon subscribers, and not collected, may not be allowed as an asset;
(6) the contingent liability of subscribers may not be allowed as an asset;
(7) the computation of reserves shall be based upon premium deposits other than membership fees and without deductions for expenses and the compensation of the attorney-in-fact.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.75.150
What does Alaska Statutes § 21.75.150 cover?
Section 21.75.150 ("Determination of financial condition.") 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 § 21.75.150?
A common citation format is "Alaska Statutes § 21.75.150" (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 § 21.75.150 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.