Alaska § 21.78.120 - Order of conservation or ancillary liquidation of foreign or alien insurers.
Full text of Alaska Alaska Statutes § 21.78.120 — Order of conservation or ancillary liquidation of foreign or alien insurers., with citation guidance and answers to common questions.
§ 21.78.120. Order of conservation or ancillary liquidation of foreign or alien insurers.
(a) An order to conserve the assets of a foreign or alien insurer must require the director to take immediate possession of the property of the insurer in this state and to conserve it, subject to the further direction of the court.
(b) An order to liquidate the assets in this state of a foreign insurer must require the director to take immediate possession of the property of the insurer in this state and to liquidate it subject to the orders of the court and with due regard to the rights and powers of the domiciliary receiver, as provided in this chapter.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.78.120
What does Alaska Statutes § 21.78.120 cover?
Section 21.78.120 ("Order of conservation or ancillary liquidation of foreign or alien 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 § 21.78.120?
A common citation format is "Alaska Statutes § 21.78.120" (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 § 21.78.120 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.