Sec. 26.27.060. Insurance coverage; safety program.

205 words·~1 min read·/ak/title-26/chapter-27/26-27-060

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(a)The corporation may engage actuarial experts and shall develop probability models to indicate the degree of potential harm to the public and private enterprise from the corporation's activities.

(b)The corporation shall, to the extent available and consistent with federal requirements, secure insurance coverage within reasonable limits for liability that may arise as a consequence of its activities and the activities of its officers and employees and to insure its buildings, structures, and other facilities against loss.

(c)The corporation shall establish a safety program that includes

(1)the development and implementation of a loss prevention program consisting of a comprehensive corporation wide safety program, including a statement by the board, of safety policy and responsibility and regulations implementing it;

(2)provision for regular and periodic facility and equipment inspections;

(3)investigation of job-related accidents and other accidents occurring on the premises of the corporation or within areas of its jurisdiction;

(4)the establishment of a program to promote increased safety awareness among employees, agents, and subcontractors of the corporation;

(5)the study of safety operations at other space-related facilities in the United States;

(6)all federal and state safety and emergency facility requirements for commercial space facilities.