{"data":{"id":"us-ak/as-21.66.280","jurisdiction":"us-ak","citation":"AS 21.66.280","heading":"Title insurance limited producers, books, and records.","body":"(a) In addition to any other requirement of this title, a title insurance limited producer licensee shall maintain books of accounts and records and vouchers pertaining to the business of title insurance in a manner that the director, or an authorized representative, may readily ascertain whether the licensee has complied with the provisions of this chapter.\n(b) A title insurance limited producer licensee may engage in the business of handling escrows, settlements, and closings in connection with the business of title insurance; however,\n(1) the licensee shall maintain a separate record of all receipts and disbursements of escrow funds and may not commingle the funds with personal funds or with funds held by the licensee in any other capacity;\n(2) the licensee shall comply with the standards of solvency that the director requires; and\n(3) the licensee shall submit financial statements that the director requires.\n(c) In addition to any other penalty provided by law, if the director determines that a title insurance limited producer licensee has failed to comply with a provision of this section, the director may, after a hearing, revoke the limited producer license.","path":["Title 21. Insurance.","Chapter 66. Title Insurance Companies."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.66.280","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"02dd0c7814ac89d5c46bcb6a33905b7b1f524287509c7fd732549418f476b858","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.66.270","next":"us-ak/as-21.66.290"},"notice":"GroundRules: Original legal text. Not legal advice."}