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- Alaska Statutes.
- Title 21. Insurance
- Chapter 75. Reciprocal and Cooperative Insurers
- Section 330. Coverage.
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Section 320. Applicable Provisions of Law.
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Section 340. Definitions. [Repealed, Sec. 62 Ch 21 SLA 1991].
AS 21.75.330. Coverage.
- (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.
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