reglab/housing_qa huggingface dataset:
AK Stat § 21.69.710 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 69. Organization and Corporate Procedures|Sec. 21.69.710. Mutual insurer defined.

A domestic “mutual” insurer is an incorporated insurer without capital stock, and the governing body of which is elected by the policyholders.
AK Stat § 21.72.010 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.010. Applicability.

(a) This chapter applies only to benevolent associations. (b) The provisions of this title do not apply to an association unless contained or referred to in this chapter.
AK Stat § 21.72.020 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.020. New benevolent associations prohibited.

(a) A benevolent association may not transact or be authorized to transact business in this state unless it lawfully had authority to transact business as an association immediately before July 1, 1966. (b) A new benevolent association may not be organized or formed in this state after July 1, 1966. (c) An association formed or existing under the laws of another state or jurisdiction may not be authorized to transact business in this state after July 1, 1966.
AK Stat § 21.72.030 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.030. Amendments filed with director.

Each benevolent association shall promptly file with the director a copy, certified to by its president and secretary, of each of the following: (1) if incorporated, any amendment of articles of incorporation or of bylaws; (2) if not incorporated, any amendment of articles of association, of agreement, or of rules or agreements with its members; (3) any modification of its form of membership contracts.
AK Stat § 21.72.040 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.040. Officers.

(a) Each benevolent association shall be in charge of its officers, and may not have more than five officers. (b) The treasurer and any other officer having charge of funds of a benevolent association shall each be bonded in the amount of $5,000, executed to the state, joint and several, for the use and benefit of the members or beneficiaries of the association. Each bond shall be on file in the principal office and address of the association and a certified copy must be filed with the director.
AK Stat § 21.72.050 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.050. Agents license.

Agents for a benevolent association may be appointed in accordance with AS 21.27, and shall be subject to the applicable provisions of that chapter, except as provided in AS 21.72.060. An agent may not be appointed if there are less than three officers in charge of the association.
AK Stat § 21.72.060 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.060. Officers as agents.

No more than five officers of a benevolent association may act for the association without obtaining a license as an agent. The officers shall be subject to the jurisdiction of the director in the same manner as though they were licensed as agents under AS 21.27.
AK Stat § 21.72.070 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.070. Receipts for payment to association.

Every benevolent association shall issue a receipt or other evidence of payment to each person making a payment of any kind to the association.
AK Stat § 21.72.080 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.080. Minimum membership.

Each benevolent association shall have at all times not less than 200 members in good standing.
AK Stat § 21.72.090 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.090. Expenses.

(a) The total expenses of a benevolent association during a calendar year may not exceed the larger of: (1) 10 percent of the total amount received during the year, whether as assessments, dues, donations or by whatever name called, except fees collected for new memberships; or (2) $15 per death loss incurred during the year. (b) The association may, instead of providing for expenses as in (a) of this section, assess each of its members for expenses at an amount not to exceed $3 a calendar year, except that the assessment may not exceed $4 a year if a membership certificate includes within its protection a family group consisting of two or more persons. The proceeds of the assessments shall be placed in an expense fund out of which all of the expenses of the association for the year shall be paid. The association shall show the condition of the expense fund in its annual statement. (c) The association shall state in its annual statement whether the expenses to be shown in its next annual statement will be determined as in (a) of this section or whether the members will be assessed for the same as in (b) of this section. An association may not use both methods or a combination of both methods.
AK Stat § 21.72.100 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.100. Payments of death claims.

(a) Each completed proof of claim for death of a member of a benevolent association shall be assigned a number by the association in consecutive order of receipt for each calendar year. (b) Payment in full on final settlement of death benefits shall be made by the association to the legal heir or heirs, or the designated beneficiary or beneficiaries, within 20 days after the expiration date stated in the association's notice referred to in AS 21.72.110(a)(3).
AK Stat § 21.72.110 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.110. Assessment for death benefit.

(a) Within 30 days after a benevolent association receives a completed proof of claim for death of a member, it must mail to each of its members in good standing an assessment notice stating (1) the name, date, and place of death of the deceased member; (2) the number of the proof of death claim assigned by the association; (3) the amount of the assessment and the expiration date of the assessment payment; (4) the number of members in good standing to whom notices are being sent, as computed from the last completed assessment. (b) At the time of mailing the assessment notice required by (a) of this section, the association shall send a duplicate copy to the director for filing, together with information as to the mailing of the notice to members.
AK Stat § 21.72.120 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.120. Annual statement.

(a) In addition to compliance with AS 21.09.200, the annual statement of a benevolent association must exhibit the following items and facts: (1) the name and business address of the association; (2) the names and addresses of the officers of the association; (3) the number of membership contracts in force at the commencement of the year and the number of memberships in good standing at the close of the year for which the statement is made; this provision is also applicable to each subgroup or class, if any, of the association; (4) the number of death losses claimed; the number and total amount of death losses paid; the number of death claims compromised, denied, or resisted and reasons therefor; (5) the number of assessments in the association and in each subgroup or class, if any; the amount collected in each assessment; income to the benevolent association from all other sources; and all other fees, assessments, donations, of any kind or nature, except new membership fees from new members; (6) the expenses actually incurred during the year; debts unpaid at the commencement of the year; debts and obligations of any kind, not including death losses actually paid, incurred during the year; debts unpaid at the close of the year; a breakdown of expenses to show the amount paid in salaries or commissions, office expense, and other expenses, in those cases where members of the benevolent association are assessed for operating expenses of the association; (7) whether the association has complied with the provisions of AS 21.72.090 and 21.72.100; (8) the information required by AS 21.72.090. (b) Two officers of the association shall attest under oath to the truth of the facts contained in the annual statement. At least one of the officers must have charge of making up the statement. (c) A copy of the annual statement certified by the director must be filed on or before the first day of March each year by the association in the office of the magistrate in the judicial district in which the business office of the association is located.
AK Stat § 21.72.125 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.125. Quarterly statements.

The director may require a benevolent association to file quarterly financial statements as provided in AS 21.09.205. The statements must exhibit the items and facts required under AS 21.72.120(a).
AK Stat § 21.72.130 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.130. Benevolent association defined.

(a) A corporation, association, or society, or by whatever name called, that issues a certificate, policy, membership agreement, or makes a promise or agreement with its members, whereby, upon the death of a member, money or other benefit, charity, aid, or relief is to be paid, provided, or rendered by the corporation, association, or society to the legal representatives of the member, or to the beneficiary designated by the member, which money, benefit, charity, aid, or relief is derived from voluntary donations, or from admission fees, dues, or assessments, or any of them collected or to be collected from the members, or members of a class therein, or interest or accretions, or accumulations; and if the money or other benefit, charity, aid, or relief, so realized, is applied to or accumulated for the uses and purposes herein specified, the uses of the corporation, association, or society, or the expenses of management and prosecution of its business, is considered to be a benevolent association for the purposes of this chapter. (b) The definition of benevolent association in (a) of this section does not apply to (1) burial or death benefits, annuities, endowments, or any other benefit payments of a legal reserve life or health insurer, or of a labor union, railroad brotherhood, or lodge having as a primary business the improvement of working conditions; (2) a ladies auxiliary to a labor union, railroad brotherhood, or lodge referred to in (1) of this subsection; or (3) the benevolent plans within fraternal orders if limited to members and if the plan is not the principal object for the formation or continuance of the fraternal order.
AK Stat § 21.72.140 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.140. Member defined.

A “member” or “member in good standing” is an individual who must contribute to a benevolent association upon notice of assessment.
AK Stat § 21.72.150 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.150. Membership contract.

(a) A “membership contract” is a certificate, policy, membership agreement, by whatever name called, or a promise or agreement, of a benevolent association with any or all of its members, whereby money or other benefit, charity, aid, or relief is to be paid, provided, or rendered by the association upon the decease of a member to the legal representatives of the member, or to the beneficiary or beneficiaries designated by the member. (b) There shall be one contributing member for each membership contract, but a membership contract may cover more than one individual.
AK Stat § 21.72.160 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.160. Officer defined.

“Officer” is any of the individuals having supervision and control of a benevolent association, and engaging in the management and the prosecution of the business thereof, whether designated as officers, trustees, comptrollers, managers, or by whatever name called.
AK Stat § 21.72.170 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 72. Benevolent Associations|Sec. 21.72.170. Other provisions applicable.

In addition to the provisions contained in the chapter, other chapters and provisions of this title shall apply to benevolent associations, to the extent applicable, as follows: (1) AS 21.03; (2) AS 21.06; (3) AS 21.09.010, 21.09.050, 21.09.100, and 21.09.130 - 21.09.190; (4) AS 21.09.247; (5) AS 21.18.010 and 21.18.030; (6) AS 21.36; (7) AS 21.42; (8) AS 21.69.370, 21.69.390, 21.69.400, 21.69.630, and 21.69.640; (9) AS 21.78.
AK Stat § 21.76.010 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.010. Authority to establish joint insurance arrangements.

(a) Municipalities and their public corporations, city and borough school districts, and regional educational attendance areas may enter into cooperative agreements with each other for the purpose of establishing, operating, or participating in joint insurance arrangements through which the participating members agree to pool contributions in order to either assume risks from losses to the participants on a group basis or purchase coverage for the participants on a group basis. (b) A joint insurance arrangement may be for any kind of insurance defined by this title except for health insurance, life insurance, and title insurance. (c) A joint insurance arrangement shall be considered an alternative or supplement to any other policy or contract of insurance authorized or required by law, including insurance under AS 21.75. (d) For purposes of AS 23.30.075, a joint insurance arrangement is considered to be an association duly authorized to transact workers' compensation insurance in the state.
AK Stat § 21.76.020 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.020. Regulation by division of insurance and annual report.

(a) A joint insurance arrangement may not be considered insurance for the purpose of any other law of the state and is not subject to regulations adopted by the director. (b) By October 1 of each year, the administrator of a joint insurance arrangement shall prepare and deliver to the Legislative Budget and Audit Committee and the director a report showing the true and correct financial condition of the joint insurance arrangement. The report must (1) be attested to by the administrator and the board of directors; (2) include an analysis, certified by a member of the American Academy of Actuaries, of the sufficiency of the loss reserves; and (3) be certified by a certified public accountant.
AK Stat § 21.76.030 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.030. General provisions of cooperative agreements.

A cooperative agreement must provide for the proper operation of the joint insurance arrangement and include provisions for (1) administration of the arrangement by a board of directors, specifying the number of members of the board and other requirements necessary for the proper functioning of the board; (2) appointment of an administrator and other persons as necessary for the proper functioning of the arrangement; (3) organization of the arrangement, including a roster of participating members and the names of the members of the board of directors; (4) procedures to establish and promote an aggressive risk management and program among the members of the arrangement, including procedures for identifying and reducing the risks that can be reduced through implementing better safety technologies and improved work techniques and procedures; (5) enforcing the collection of contributions or payments in default from members of the arrangement; (6) the addition of new members to the arrangement or the withdrawal of members from the arrangement; (7) the method of apportioning costs and disposition of excess contributions; (8) transmission of financial statements and audit reports of the arrangement to participating members; (9) terminating the arrangement and disposing of its assets; and (10) establishing and administering a joint insurance fund.
AK Stat § 21.76.040 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.040. Financial provisions of agreements.

(a) A cooperative agreement must include a provision requiring an annual determination by a casualty actuary who is a member of the American Academy of Actuaries that procedures for establishing reserves for losses of the joint insurance arrangement are actuarially sound. (b) A joint insurance arrangement shall be subject to an annual independent audit. The audit shall be conducted in accordance with generally accepted auditing standards and must include a review of the actuarial assumptions used for establishing the reserves under (a) of this section. The audit report must include certification from a casualty actuary who is a member of the American Academy of Actuaries that the actuarial assumptions continue to be sound and the level of the reserves are adequate.
AK Stat § 21.76.050 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.050. Contracting with private administrators.

A cooperative agreement may authorize the board of directors to enter into contracts for services necessary to perform the functions of a joint insurance arrangement. The person contracting to perform the functions must be appropriately licensed under this title if this title so requires.
AK Stat § 21.76.060 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.060. Delegation of power to settle claims.

A cooperative agreement may delegate to the board of directors, or authorize delegation by the board to another person or group, the power to compromise, arbitrate, or otherwise settle claims on behalf of the arrangement.
AK Stat § 21.76.070 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.070. Excess insurance.

A cooperative agreement may authorize the board of directors to purchase excess or catastrophic insurance on behalf of the joint insurance arrangement. The cost of the insurance shall be apportioned in the manner specified in the joint insurance agreement. The board may purchase insurance under this section only from an insurer authorized to do business in the state, except that an arrangement formed by municipalities or school districts may purchase insurance under this section from a risk-sharing pool established by a national association of similar entities if the risk-sharing pool meets the qualifications for an unauthorized insurer under AS 21.34.040(b) and (d) and 21.34.220 and has capital and policyholders surplus in an amount at least as great as would be required if the association were a domestic multiple line insurer. An arrangement may purchase insurance under this section for property and liability risks from unauthorized insurers allowed for use by licensed Alaska surplus lines brokers.
AK Stat § 21.76.080 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.080. Joint insurance fund.

(a) A joint insurance arrangement shall establish a joint insurance fund. The fund consists of money (1) contributed by members of the joint insurance arrangement through budgetary appropriations or transfers from a self-insurance reserve; (2) contributed by officers and employees of members of the joint insurance arrangement under an employee benefit plan; and (3) collected by the joint insurance arrangement through subrogation of a claim paid from the fund to a member of the arrangement. (b) An expenditure may be made from a joint insurance fund only to (1) pay claims, losses, or benefits, including interest on them, and the administrative and adjustment expenses incurred in connection with them, involving the types of protection for which the fund provides coverage as specified in the joint insurance agreement; (2) pay contractual obligations of a joint insurance fund established by a municipal joint insurance arrangement to the Alaska Municipal Bond Bank Authority or other lender; and (3) purchase insurance coverage for members of a municipal joint insurance arrangement on a group basis. (c) The administrator shall keep the fund separate from other funds of a member of a joint insurance arrangement. (d) For each type of protection offered by the joint insurance arrangement, the method of accounting must show the order, source, date, and amount of each payment from the fund. (e) Within 150 days of the end of the fiscal year, the administrator shall furnish a detailed report of the operation and condition of the fund to the board of directors and the director of the division of insurance. (f) Money held by a fund as reserves and money not needed for daily operations may be invested by the board of directors. (g) A fund may not be terminated unless the administrator certifies that an amount of money sufficient to pay accrued and contingent expenditures has been placed in a fully collateralized escrow account.
AK Stat § 21.76.090 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.090. Filing of agreement.

The board of directors shall file a copy of the cooperative agreement with the director of insurance at least 60 days before the effective date of the agreement. The agreement shall be available for public inspection.
AK Stat § 21.76.100 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.100. Regulations.

A cooperative agreement may authorize the board of directors to adopt rules not inconsistent with law for the fair and equitable administration of the joint insurance arrangement and the joint insurance fund.
AK Stat § 21.76.110 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.110. Subrogation.

A joint insurance arrangement has a right of subrogation with respect to its participants to the same extent that an insurer has a right of subrogation with respect to one of its insureds.
AK Stat § 21.76.120 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 76. Joint Insurance Arrangements|Sec. 21.76.120. Debt financing.

(a) A municipality or a municipal joint insurance arrangement may authorize the issuance of negotiable or nonnegotiable bonds, notes, or certificates of participation to establish reserves and to self-insure against liability not covered by excess insurance or reinsurance. A bond, note, or certificate issued under this subsection by a municipal joint insurance arrangement shall be secured and payable from participating members of the municipal joint insurance arrangement as provided in the cooperative agreement. (b) A municipality that has entered into a municipal joint insurance arrangement may enter into contracts and agreements concerning debt issued under (a) of this section and provide for matters that affect the security of the debt. Bonds, notes, and certificates of participation issued under (a) of this section may be sold at either public or private sale as provided by the participants in the municipal joint insurance arrangement in the manner and at the price the participants determine.