3 AAC 29.550. Risk manager

For purposes of 3 AAC 29.500 - 3 AAC 29.550, a risk manager is an individual

(1) whose primary economic activity consists of regularly and continuously identifying and analyzing loss exposures, selecting the technique or combination of techniques to be used to handle each exposure to loss, implementing the chosen techniques, and monitoring the results of the decisions that were made; and

(2) who has at least one of the following credentials:

(A) bachelor's degree or higher degree in risk management from an accredited college or university;

(B) a designation as a Chartered Property and Casualty Underwriter (CPCU) issued by the American Institute for CPCU/Insurance Institute of America;

(C) a designation as an Associate in Risk Management (ARM) issued by the American Institute for CPCU/Insurance Institute of America;

(D) a designation as a Certified Risk Manager (CRM) issued by the National Alliance for Insurance Education and Research.

(E) a designation as Fellow in Risk Management issued by the Global Risk Management Institute/Risk and Insurance Management.

History: Eff. 6/11/2005, Register 174

Authority: AS 21.06.090

AS 21.39.040

AS 21.42.120

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