# Alaska Stat. § 21.22.070: Review by director

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.070

## Section

- **Citation:** Alaska Stat. § 21.22.070
- **Heading:** Review by director
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 21 / Chapter 21.22 / Section 21.22.070

## Text

If at any time the director determines that any material transaction entered into between an insurer and any of its affiliates does not meet the standards set out in AS 21.22.080 , the director may, after hearings conducted in accordance with AS 21.06 , require the insurer and the affiliate to terminate, set aside, or modify the transaction as considered appropriate by the director to make the transaction conform to those standards. An insurer may submit a proposed material transaction to the director for review and the director may issue an opinion that the transaction meets the standard set out in AS 21.22.080 . The opinion creates a rebuttable presumption that neither the insurer, director, officer, employee, nor agent committed a wilful violation of this chapter by entering into the transaction. The opinion does not prohibit the director from subsequently exercising authority under this section.

## Nearby sections

- [Alaska Stat. § 21.22.010 Filing requirements for acquisition of control of or merger with domestic insurer.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.010.md)
- [Alaska Stat. § 21.22.020 Content of statement for acquisition or merger filing.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.020.md)
- [Alaska Stat. § 21.22.030 Hearing, findings, and approval.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.030.md)
- [Alaska Stat. § 21.22.040 Mailings to shareholders and expenses.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.040.md)
- [Alaska Stat. § 21.22.050 Jurisdiction and consent to service.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.050.md)
- [Alaska Stat. § 21.22.060 Registration required.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.060.md)
- [Alaska Stat. § 21.22.065 Acquisitions involving change of control.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.065.md)
- [Alaska Stat. § 21.22.070 Review by director.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.070.md)
- [Alaska Stat. § 21.22.080 Transactions within an insurance holding company system.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.080.md)
- [Alaska Stat. § 21.22.085 Transactions involving a domestic insurer requiring director review.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.085.md)
- [Alaska Stat. § 21.22.090 Adequacy of surplus.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.090.md)
- [Alaska Stat. § 21.22.100 Dividends and other distributions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.100.md)
- [Alaska Stat. § 21.22.105 Management of domestic insurers subject to registration.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.105.md)
- [Alaska Stat. § 21.22.110 Examination.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.110.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.070. Check the current official text before relying on it. Not legal advice.