Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 23 - Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters
Article 4 - Fiduciary Responsibilities of Licensees
3 AAC 23.570 - Frequency of financial statements
Universal Citation: 3 AK Admin Code 23.570
Current through February 24, 2025
(a) A licensee who accepts money in a fiduciary capacity shall prepare financial statements under AS 21.27.350(c) and 3 AAC 23.500 - 3 AAC 23.720 on a basis no less frequent than annually.
(b) A licensee's financial statements shall be maintained for the period specified in AS 21.27.350(b).
(c) Failure to comply with (a) or (b) of this section is a violation of AS 21.27.350 and 21.27.360.
Authority:AS 21.06.090
AS 21.27.350
AS 21.27.360
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