Alaska Statutes Title 21, Chapter 21.76 - Joint Insurance Arrangements

• Sec. 21.76.010 Authority to Establish Joint Insurance Arrangements.
  (a) Municipalities and their public corporations, city and borough school districts, and regional educational attendance areas may enter into cooperative agreements with each other...
• Sec. 21.76.020 Regulation by Division of Insurance and Annual Report.
  (a) A joint insurance arrangement may not be considered insurance for the purpose of any other law of the state and is not subject...
• Sec. 21.76.030 General Provisions of Cooperative Agreements.
  A cooperative agreement must provide for the proper operation of the joint insurance arrangement and include provisions for(1) administration of the arrangement by a...
• Sec. 21.76.040 Financial Provisions of Agreements.
  (a) A cooperative agreement must include a provision requiring an annual determination by a casualty actuary who is a member of the American Academy...
• Sec. 21.76.050 Contracting With Private Administrators.
  A cooperative agreement may authorize the board of directors to enter into contracts for services necessary to perform the functions of a joint insurance...
• Sec. 21.76.060 Delegation of Power to Settle Claims.
  A cooperative agreement may delegate to the board of directors, or authorize delegation by the board to another person or group, the power to...
• Sec. 21.76.070 Excess Insurance.
  A cooperative agreement may authorize the board of directors to purchase excess or catastrophic insurance on behalf of the joint insurance arrangement. The cost...
• Sec. 21.76.080 Joint Insurance Fund.
  (a) A joint insurance arrangement shall establish a joint insurance fund. The fund consists of money(1) contributed by members of the joint insurance arrangement...
• Sec. 21.76.090 Filing of Agreement.
  The board of directors shall file a copy of the cooperative agreement with the director of insurance at least 60 days before the effective...
• Sec. 21.76.100 Regulations.
  A cooperative agreement may authorize the board of directors to adopt rules not inconsistent with law for the fair and equitable administration of the...
• Sec. 21.76.110 Subrogation.
  A joint insurance arrangement has a right of subrogation with respect to its participants to the same extent that an insurer has a right...
• Sec. 21.76.120 Debt Financing.
  (a) A municipality or a municipal joint insurance arrangement may authorize the issuance of negotiable or nonnegotiable bonds, notes, or certificates of participation to...
• 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...

Last modified: November 15, 2016