3 AAC 24.590. Definitions

As used in 3 AAC 24.300 - 3 AAC 24.590,

(1) "purchasing group" means any entity meeting the definition of a purchasing group in 15 U.S.C. 3901(a)(5), as amended as of October 27, 1986 (Liability Risk Retention Act);

(2) "transact" means the same as in AS 21.90.900 ;

(3) "transacting insurance" means to transact as defined in AS 21.90.900 relative to a subject or risk that is resident, located, or to be performed in this state.

History: Eff. 8/23/89, Register 111; am 10/24/92, Register 124

Authority: AS 21.03.010

AS 21.06.090

Editor's note: As of Register 124 (January 1993) the regulations attorney corrected the parenthetical citation to the Liability Risk Retention Act of 1986 to the Liability Risk Retention Act.

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