Section 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.

Notes

History

(Sec. 1 ch 136 SLA 1986)