Alaska Stat. § 37.10.280
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
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.
AS 37.10.280