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- Alaska Statutes.
- Title 23. Labor and Workers' Compensation
- Chapter 30. Alaska Workers' Compensation Act
- Section 240. Officers of Corporations, Municipal Corporations, and Nonprofit Corporations, and Members of Limited Liability Companies as Employees.
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Section 239. Sole Proprietors and Partners as Employees.
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Section 241. Special Officers as Employees.
AS 23.30.240. Officers of Corporations, Municipal Corporations, and Nonprofit Corporations, and Members of Limited Liability Companies as Employees.
(a) Except as provided in (b) of this section, an executive officer elected or appointed and empowered in accordance with the charter and
bylaws of a corporation or a member of a limited liability company organized under AS 10.50
is not an employee of the business entity under this chapter if the executive officer or member owns at least 10 percent of the business entity.
Except as provided in (b) of this section, an executive officer of a municipal corporation or charitable, religious, educational, or other
nonprofit corporation is not an employee of the corporation under this chapter.
(b) Any type of corporation or limited liability company may bring an executive officer or a member exempted under (a) of this section within
the coverage of the business entity's insurance contract by specifically including the executive officer or member in the contract of insurance.
The election to bring the executive officer or member within the business entity's coverage continues in force for the period during which the
contract of insurance is in effect. During that period, an executive officer or a member brought within the coverage of the insurance contract
is an employee of the business entity under this chapter.
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