RE: ELIGIBLE SURPLUS LINES INSURERS IN THE STATE OF ALASKA

The Division of Insurance has reviewed the financial statements of various foreign and alien insurers. I have, under authority granted in AS 21.34.050, issued the attached list of eligible surplus lines insurers. Additional companies are under review, and addenda will be issued as required.

Alaska requires that a surplus lines company have unimpaired basic capital and additional surplus equal to that required in its domiciliary jurisdiction or $15,000,000, whichever is greater. Alien insurers, other than alien mutual protection and indemnity associations, must have a U.S. trust fund of not less than $2,500,000 or as determined in AS 21.34.040.

All surplus lines brokers are reminded that, pursuant to the surplus lines law, the surplus lines broker must ascertain the financial condition of an insurer before placing insurance with the insurer.

Publishing this eligible list does not place any liability on the State of Alaska, Division of Insurance. The Director of the Division of Insurance reserves the right to remove a listing, acting on his own initiative, or to refuse to list any company regardless of its financial condition.

Please review AS 21.34.080. The Division of Insurance expects all reports and affidavits filed under AS 21.34.080 to be complete and truthful. Please take notice that filing a false document with the division under this provision constitutes a violation of the insurance code; provides a basis for administrative action under AS 21.27.410 (refusal to renew, suspension, or revocation of a license), and may be a criminal violation under AS 11.56.201 and 18 U.S.C 1033.

Bulletin B 01-11 supersedes Bulletins B 01-02, B 01-06, B 01-07, and B 01-08.

Dated this 26th day of July 2001, at Anchorage, Alaska.

Robert A. Lohr
Director

CHANGES TO LIST OF ELIGIBLE SURPLUS LINES INSURERS
SINCE BULLETIN B 01-02

The following company has been added to the list of eligible surplus lines insurers:

10932 STARR EXCESS LIABILITY INSURANCE COMPANY LTD

The following companies have been removed from the list of eligible surplus line insurers: