Sec. 21.75.330. Coverage.

105 words·~1 min read·/ak/title-21/chapter-75/21-75-330

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A cooperative insurer organized under AS 21.75.300 is authorized to transact only property insurance, limited to physical damage of

(1)licensed private passenger motor vehicles;

(2)single-family residences, and related structures;

(3)multiple dwellings of not more than four-family units if at least one unit is owner-occupied, and related structures;

(4)mobile homes;

(5)commercial structures of not more than $100,000 value.

(b)Cooperative insurance coverage is limited to risks located or principally garaged within a geographic radius determined by the director to be within the ability of the insureds to control and have an influence over the level of loss.