BULLETIN B 02-16
TO: ALL DOMESTIC INSURERS AND OTHER INTERESTED PARTIES
RE: ANNUAL STATEMENT SUMMARY REQUIRED UNDER 3 AAC 21.320
The Division of Insuranceís new investment
regulations (3 AAC 21.201 - 3 AAC 21.399) went into effect December
28, 2001. Under 3 AAC 21.320(c), all domestic insurers are required
to supplement their annual financial statement "with a reconciliation
and summary of the insurerís assets and reserve requirements. .
. ." Although a report form
was not included in the regulation, the information required to
be filed is listed in 3 AAC 21.320(a) and (b).
As many of our domestic insurers did not submit the required summary
along with their annual statements, we are enclosing a report form
that may be used to fulfil the requirements under 3 AAC 21.320.
The division expects all domestic insurers to submit this additional
information for the year ending December 31, 2001 by August 15,
2002. All future annual statements must be accompanied by the summary
required under 3 AAC 21.320.
If you have questions regarding this bulletin, please contact Richard
Foster at (907) 269-7904 or via electronic mail at email@example.com