Section 3 AAC 29.545 - Exempt commercial policyholderFor purposes of 3 AAC 29.500 - 3 AAC 29.550, an exempt commercial policyholder is an entity that has sufficient insurance buying expertise to negotiate with insurers in a largely unregulated environment and that meets any two of the following criteria:
(1) has net worth of over $30 million;(2) has net revenues or sales of over $75 million;(3) has more than 300 employees per individual company or 800 per holding company aggregate;(4) procures its insurance through use of a risk manager, employed or retained;(5) collects annual aggregate premiums of over $250,000;(6) is a nonprofit or public entity with an annual budget or assets of at least $30 million;(7) is a municipality with a population of over 25,000.Eff. 6/11/2005, Register 174Authority:AS 21.06.090
AS 21.39.040
AS 21.42.120