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2017 Alaska Statutes
Title 37. Public Finance
Chapter 10. Public Funds
Article 6. Alaska Retirement Management Board
Sec. 37.10.280. Insurance.
Universal Citation: AK Stat § 37.10.280 (2017)
The board shall ensure that trusteed assets and its own services are protected. The board may purchase insurance or provide for self-insurance retention in amounts recommended by the commissioner of revenue and approved by the board to cover the acts, including fiduciary acts, errors, and omissions of its board members and agents. Insurance must protect the board and the state from liability to others and from loss of trusteed assets due to the acts or omissions of the trustees.
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