Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 21 - Insurer - Financial
Article 9 - Custodian of Insurer Assets
3 AAC 21.890 - Limitation on foreign custodians
Universal Citation: 3 AK Admin Code 21.890
Current through February 24, 2025
A foreign bank acting as a custodian, a United States custodian's foreign agent, or a foreign clearing corporation may only hold foreign securities or securities required by a foreign country in order for the insurer to do business in that country. A United States custodian must hold all other securities for the insurer.
Authority:AS 21.06.090
AS 21.21.410
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