# Alaska Stat. § 21.22.080: Transactions within an insurance holding company system

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.22_S21.22.080

## Section

- **Citation:** Alaska Stat. § 21.22.080
- **Heading:** Transactions within an insurance holding company system
- **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 21.22.080

## Text

Material transactions by registered insurers with their affiliates are subject to the following standards: (1) the terms shall be fair and reasonable;

(2) charges or fees for services performed shall be reasonable;

(3) expenses incurred and payment received shall be allocated to the insurer in conformity with customary insurance accounting practices consistently applied;

(4) the books, accounts, and records of each party to the transactions shall be maintained so as to disclose clearly and accurately the nature and details of the transactions including accounting information that is necessary to support the reasonableness of the charges or fees to the respective parties;

(5) the insurer's surplus as regards policyholders following any dividends or distributions to shareholder affiliates or performance under a material transaction with an affiliate shall be reasonable in relation to the insurer's outstanding liabilities and adequate to its financial needs; and

(6) agreements for cost-sharing services and management must include the provisions required by regulations adopted by the director.

## 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_S21.22.080. Check the current official text before relying on it. Not legal advice.