2013 Alaska Statutes
Title 21 - INSURANCE
Chapter 21.76 - JOINT INSURANCE ARRANGEMENTS
Sec. 21.76.900 Definitions.
In this chapter,
(1) "adjustment expenses" means expenses for investigative, processing, legal, actuarial, arbitration, and settlement services incurred in the adjustment of losses, claims, or benefits;
(2) "administrator" means a person or group appointed by the board of directors to administer a joint insurance arrangement or a joint insurance fund;
(3) "board" or "board of directors" means the board of directors provided for in a cooperative agreement;
(4) "cooperative agreement" means a written agreement entered into by two or more entities described in AS 21.76.010 for the purpose of establishing, operating, or participating in a joint insurance arrangement;
(5) "fund" or "joint insurance fund" means a fund established under AS 21.76.080 ;
(6) "joint insurance arrangement" means a joint insurance arrangement authorized under AS 21.76.010 .
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