Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 21 - Insurer - Financial
Article 7 - Financial Examination of and Annual Audit Reporting Requirements for Admitted Insurers
3 AAC 21.760 - Exemptions

Universal Citation: 3 AK Admin Code 21.760
Current through February 24, 2025

Upon written application by an insurer, the director may grant an exemption from compliance with 3 AAC 21.705 - 3 AAC 21.799 if, after review of the application, the director finds that compliance with 3 AAC 21.705 - 3 AAC 21.799 would be a financial or organizational hardship for the insurer. The director will only consider an application for an exemption under this section if 3 AAC 21.705(a) does not provide an exemption to the insurer. The director may grant an exemption under this section at any time and for a specific period. Within 10 days after an insurer receives notification of the director's denial of the insurer's request for exemption, the insurer may request in writing a hearing on the denial. The hearing will be held under AS 21.06.170-21.06.230.

Authority:AS 21.06.060

AS 21.06.090

AS 21.09.200

Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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