If an authorized control level event occurs, the director shall take the action necessary
(1) under AS 21.14.030 (a) against the insurer; or
(2) to place the insurer under regulatory control under AS 21.78 if, after a hearing under AS 21.06.180 - 21.06.240, the director determines it to be in the best interest of the policyholders and creditors of the insurer and of the public.
If an authorized control level event occurs, the director shall take the action necessary
(1) under AS 21.14.030 (a) against the insurer; or
(2) to place the insurer under regulatory control under AS 21.78 if, after a hearing under AS 21.06.180 - 21.06.240, the director determines it to be in the best interest of the policyholders and creditors of the insurer and of the public.
If an authorized control level event occurs, the director shall take the action necessary
(1) under AS 21.14.030 (a) against the insurer; or
(2) to place the insurer under regulatory control under AS 21.78 if, after a hearing under AS 21.06.180 - 21.06.240, the director determines it to be in the best interest of the policyholders and creditors of the insurer and of the public.
