Sec. 21.84.530. Injunction, liquidation, receivership of domestic society.
(a) When the director upon investigation finds that a domestic society (1) has exceeded its powers; (2) has failed to comply with this chapter; (3) is not fulfilling its contracts in good faith; (4) has a membership of fewer than 400 after an existence of one year or more; or (5) is conducting business fraudulently […]
Sec. 21.84.535. Suspension, revocation, or refusal of license of foreign or alien society.
(a) When the director, upon investigation, finds that a foreign or alien society transacting or applying to transact business in this state (1) has exceeded its powers, (2) has failed to comply with a provision of this chapter, (3) is not fulfilling its contracts in good faith, or (4) is conducting its business fraudulently or […]
Sec. 21.84.540. Injunction.
An application or petition for injunction against a domestic, foreign, or alien society, or branch thereof, may not be recognized in a court of this state unless made by the attorney general upon request of the director.
Sec. 21.84.565. Licensing of agents.
(a) Agents of societies shall be licensed in accordance with the provisions of AS 21.27. (b) An examination or license may not be required of a regular salaried officer, employee, or member of a licensed society who devotes substantially all the person’s services to activities other than the solicitation of fraternal insurance contracts from the […]
Sec. 21.84.575. Unfair methods of competition and unfair and deceptive acts and practices.
A society and an agent authorized to do business in this state are subject to the provisions of AS 21.36; however, nothing in those provisions shall be construed as applying to or affecting (1) the right of a society to determine its eligibility requirements for membership; or (2) the offering of benefits exclusively to members […]
Sec. 21.84.495. Foreign or alien society; admission.
A foreign or alien society may not transact business in this state without a license issued by the director. A foreign or alien society desiring admission to this state shall comply with the requirements and limitations of this chapter applicable to domestic societies. The society may be licensed to transact business in this state upon […]
Sec. 21.84.455. Valuation.
(a) Standards of valuation for certificates issued before January 1, 1999 shall be those provided by the laws applicable immediately before January 1, 1998. (b) The minimum standards of valuation for certificates issued on or after January 1, 1999 shall be based on the following tables, which shall be under valuation methods and standards, including […]
Sec. 21.84.465. Reports.
(a) Reports shall be filed in accordance with the provisions of this section. (b) A society transacting business in this state shall annually, before March 2, unless the time has been extended by the director for cause shown, file with the director a true statement of the society’s financial conditions, transactions, and affairs for the […]
Sec. 21.84.475. License.
Societies that are authorized to transact business in this state on January 1, 1998, and societies licensed after January 1, 1998 and before July 1, 1998, may continue the business through June 30, 1998. The authority of those societies and all other societies licensed after January 1, 1998 may be renewed annually, but, in all […]
Sec. 21.84.485. Examination of societies.
The director may examine a society in the manner authorized for an insurer under AS 21.06.120 – 21.06.230. The requirements, procedures, authorization, and process for examinations authorized under this section shall be the same as for an insurer.