Sec. 21.76.900. Definitions.
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Sec. 21.76.900. Definitions.
In this chapter,
(1)“adjustment expenses” means expenses for investigative, processing, legal, actuarial, arbitration, and settlement services incurred in the adjustment of losses, claims, or benefits;
(2)“administrator” means a person or group appointed by the board of directors to administer a joint insurance arrangement or a joint insurance fund;
(3)“board” or “board of directors” means the board of directors provided for in a cooperative agreement;
(4)“cooperative agreement” means a written agreement entered into by two or more entities described in AS 21.76.010 for the purpose of establishing, operating, or participating in a joint insurance arrangement;
(5)“fund” or “joint insurance fund” means a fund established under AS 21.76.080 ;
(6)“joint insurance arrangement” means a joint insurance arrangement authorized under AS 21.76.010 .