Alaska § 21.96.090 - Risk retention groups and purchasing groups.
Full text of Alaska Alaska Statutes § 21.96.090 — Risk retention groups and purchasing groups., with citation guidance and answers to common questions.
§ 21.96.090. Risk retention groups and purchasing groups.
(a) A risk retention group or a purchasing group formed under and in compliance with 15 U.S.C. 3901 — 3906 (Liability Risk Retention Act) shall register with the director and shall at all times transact business in compliance with federal law and with the laws of this state that are not preempted by federal law.
(b) A risk retention group or a purchasing group shall apply for initial registration on forms prescribed by the director. Payment of a registration fee established under AS 21.06.250 shall be submitted with the application.
(c) A risk retention group or a purchasing group may continue its registration if it is in compliance with federal law. Payment of an annual continuation fee established under AS 21.06.250 shall be submitted with the continuation application.
(d) A risk retention group holding a valid certificate of authority as a domestic insurer or a purchasing group duly licensed under AS 21.27 as a resident licensee is not required to be additionally registered under this section.
(e) In addition to any other penalty provided by law, a person that the director determines under AS 21.06.170 — 21.06.240 has violated a provision of this title relative to a risk retention group or a purchasing group is subject to a civil penalty of not more than $10,000 for a violation or, if the director determines that the person wilfully violated a provision of this title, a civil penalty of not more than $25,000 for a violation.
(f) The director may adopt regulations on the operation and reporting requirements of a risk retention group that are not in conflict with 15 U.S.C. 3901 — 3906 (Liability Risk Retention Act).
(g) A risk retention group shall file a report in accordance with AS 21.09.210 (a) and pay the tax required for a domestic and foreign insurer under AS 21.09.210 (b).
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 21.96.090
What does Alaska Statutes § 21.96.090 cover?
Section 21.96.090 ("Risk retention groups and purchasing groups.") 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 § 21.96.090?
A common citation format is "Alaska Statutes § 21.96.090" (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 § 21.96.090 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.