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Alaska Statutes.

Title 21. Insurance

Chapter 80. Alaska Insurance Guaranty Association Act

Section 10. Purposes.

AS 21.80.010. Purposes.

The purposes of this chapter are to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and, to the extent provided in this chapter, to minimize financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of this protection among insurers.

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Last modified 9/3/2005