Alaska Stat. § 21.78.272
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
The amount recoverable by the receiver from reinsurers may not be reduced as a result of delinquency proceedings, regardless of a provision in the reinsurance contract or other agreement. Payment made directly to an insured or other creditor does not diminish the reinsurer's obligation to the insurer's estate unless the reinsurance contract provided for direct coverage of a named insured and the payment was made in discharge of that obligation.
AS 21.78.272