Sec. 21.78.060. - Grounds for conservation, foreign insurers.
The director may apply to the court for an order appointing the director as receiver or ancillary receiver, and directing the director to conserve the assets in this state, of a foreign insurer upon
(1) any of the grounds specified in AS 21.78.040 or 21.78.050; or
(2) the ground that it's property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.