In determining the financial condition of a reciprocal insurer the director shall apply the following rules: (1) the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis shall be charged as liabilities; (2) the surplus deposits of subscribers shall be allowed as assets, except the premium deposits delinquent for 90 days shall first be charged against the surplus deposit; (3) the surplus deposits of subscribers may not be charged as a liability; (4) all premium deposits delinquent less than 90 days shall be allowed as assets; (5) an assessment levied upon subscribers, and not collected, may not be allowed as an asset; (6) the contingent liability of subscribers may not be allowed as an asset; (7) the computation of reserves shall be based upon premium deposits other than membership fees and without deductions for expenses and the compensation of the attorney-in-fact.
Alaska Legal Code