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Title 4 . Education and Early Development
Chapter 31 . (Repealed)
Section 205. Self-insurance programs

4 AAC 31.205. Self-insurance programs

An authorized self-insurance program is one that the department annually determines adequately protects the public's investment in a school district's facilities. In rendering its determination, the department will consider annually at least the following factors for each school district applying for approval of a self-insurance program:

(1) cash reserves and dedicated funding;

(2) loss history;

(3) individual loss retention;

(4) excess property coverage;

(5) age and condition of facilities;

(6) the current undepreciated replacement cost of the facilities; and

(7) risk management or loss prevention programs conducted by the municipality or school district.

History: Eff. 8/31/90, Register 115; am 4/17/98, Register 146

Authority: AS 14.03.150

AS 14.07.060

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Last modified 7/05/2006