{"data":{"id":"us-ak/as-21.75.150","jurisdiction":"us-ak","citation":"AS 21.75.150","heading":"Determination of financial condition.","body":"In determining the financial condition of a reciprocal insurer the director shall apply the following rules:\n(1) the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis shall be charged as liabilities;\n(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;\n(3) the surplus deposits of subscribers may not be charged as a liability;\n(4) all premium deposits delinquent less than 90 days shall be allowed as assets;\n(5) an assessment levied upon subscribers, and not collected, may not be allowed as an asset;\n(6) the contingent liability of subscribers may not be allowed as an asset;\n(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.","path":["Title 21. Insurance.","Chapter 75. Reciprocal and Cooperative Insurers."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.75.150","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"0061a3259ba8686fdca0315d20e26e66ef95145217ae913c445e31096553d0b1","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.75.140","next":"us-ak/as-21.75.160"},"notice":"GroundRules: Original legal text. Not legal advice."}