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In order to determine a municipality's financial ability to meet the obligations under the Act, the board will review the municipality's annual financial reports and consider the
(1) compensation loss history, outstanding compensation claims liability, and proposed excess insurance coverage;
(2) safety program;
(3) obligations under all other self-insured programs including their self-insured retention levels;
(4) claims facilities and administration;
(5) present tax level; and
(6) bonded indebtedness.
History: Eff. 11/20/83, Register 88
Authority: AS 23.30.005
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Last modified 7/05/2006