Sec. 21.55.030. General powers.
70 words·~1 min read·
/ak/title-21/chapter-55/21-55-030A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 21.55.030. General powers.
The association may
(1)exercise the powers granted to insurers under the laws of the state;
(2)sue or be sued;
(3)enter into contracts with insurers, similar associations in other states, or with other persons for the performance of administrative functions;
(4)establish administrative and accounting procedures for the operation of the association; and
(5)receive funds from sources other than members of the association.