{"data":{"id":"us-ak/as-21.09.060","jurisdiction":"us-ak","citation":"AS 21.09.060","heading":"Combinations of insuring powers in one insurer.","body":"An insurer that otherwise qualifies may be authorized to transact any one kind or combination of kinds of insurance as defined in AS 21.12, except that\n(1) a life insurer may also grant annuities, but is not authorized to transact any other kind of insurance than health; except that if the insurer is otherwise qualified, the director shall continue to authorize a life insurer that, immediately before July 1, 1966, was lawfully authorized to transact in this state a kind or kinds of insurance in addition to life and health;\n(2) a reciprocal insurer may not transact life insurance;\n(3) a title insurer must be a stock insurer;\n(4) a property or casualty insurer may not transact life insurance and may not grant annuities.","path":["Title 21. Insurance.","Chapter 09. Authorization, Corporate Governance Requirements."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.09.060","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"724d379bd34059dde9f7c9ce91acb311097cd22b1f3d0052795e12365faec160","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.09.050","next":"us-ak/as-21.09.070"},"notice":"GroundRules: Original legal text. Not legal advice."}