Statutes, codes, and regulations
Alaska Administrative Code
Title 3 - Commerce, Community, and Economic DevelopmentPart 2 - Division of InsuranceChapter 24 - Risk Retention Groups and Purchasing Groups
Article 2 - Purchasing Groups
Section 3 AAC 24.590 - Definitions

3 Alaska Admin. Code § 24.590

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Current through December 21, 2024
Section 3 AAC 24.590 - Definitions

As used in 3 AAC 24.300 - 3 AAC 24.590,

(1) "purchasing group" means any entity meeting the definition of a purchasing group in 15 U.S.C. 3901(a)(5), as amended as of October 27, 1986 (Liability Risk Retention Act);
(2) "transact" means the same as in AS 21.97.900;
(3) "transacting insurance" means to transact as defined in AS 21.97.900 relative to a subject or risk that is resident, located, or to be performed in this state.

3 AAC 24.590

Eff. 8/23/89, Register 111; am 10/24/92, Register 124

As of Register 124 (January 1993) the regulations attorney corrected the parenthetical citation to the Liability Risk Retention Act of 1986 to the Liability Risk Retention Act.

In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.90.900 as AS 21.97.900. As of Register 196 (January 2011), the regulations attorney made conforming technical revision under AS 44.62.125(b)(6), to 3 AAC 24.590, so that cross-references to former AS 21.90.900 now refer to the renumbered statute, AS 21.97.900.

Authority:AS 21.03.010

AS 21.06.090