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 23.580 - Identification of money as fiduciary assets

(a) Money required to be held in a fiduciary capacity is considered to be clearly identified in a licensee's financial statement if the financial statement identifies that the money is held in a fiduciary capacity.

(b) Exempt from the clear identification requirement of this section are financial statements of a licensee that are

(c) Money required to be held in a fiduciary capacity that is maintained in an account in a financial institution must be clearly identified as a fiduciary account.

(d) Repealed 3/30/2003.

(e) Repealed 3/30/2003.

(f) Failure to comply with (a) or (c) of this section is a violation of AS 21.27.350 and 21.27.360.