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ORDER
NO. R98-02
ADOPTION OF RISK BASED CAPITAL INSTRUCTIONS
January 12, 1998
The Director of the Division of Insurance does hereby find
as follows:
1. This order is issued pursuant to AS 21.14.200(18), which
provides for the adoption of Risk Based Capital Instructions
by order of the director after an open meeting held under
AS 44.62.310.
2. By notice dated November 24, 1997, notice was given of
a public meeting to be held at 9:00 a.m. on Monday, December
22, 1997 at the Division of Insurance; 3601 C Street, Suite
1324; Anchorage, Alaska. The purpose of the meeting was to
hear comments regarding the proposed adoption of Risk Based
Capital Instructions formulated by the National Association
of Insurance Commissioners for use by domestic property, casualty,
life, and health insurers in complying with the reporting
requirements of AS 21.14.010. Written comments were accepted
until 5:00 p.m., December 29, 1997.
3. The public meeting was held at the time and location noticed.
No oral or written comments were received.
The Director of Insurance Hereby Orders:
The Overview and Instructions of Property and Casualty Risk
Based Capital and the Overview and Instructions of Life Risk
Based Capital formulated and approved by the National Association
of Insurance Commissioners and in effect July 1, 1997 are
adopted for use by domestic property, casualty, life, and
health insurers for the reporting period ending December 31,
1997. Risk based capital reporting is to be completed using
these instructions as required by AS 21.14.010.
This order is effective December 31, 1997.
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