Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 3 . Commerce, Community, and Economic Development
Chapter 29 . Miscellaneous
Section 545. Exempt commercial policyholder

3 AAC 29.545. Exempt commercial policyholder

For 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.

History: Eff. 6/11/2005, Register 174

Authority: AS 21.06.090

AS 21.39.040

AS 21.42.120

Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006