reglab/housing_qa huggingface dataset:
AK Stat § 21.75.270 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 75. Reciprocal and Cooperative Insurers|Article 1. Reciprocal Insurers.|Sec. 21.75.270. Financial impairment; determination of insolvency.

(a) If the assets of a reciprocal insurer are at any time insufficient to discharge its liabilities, other than a liability on account of funds contributed by the attorney-in-fact or others, and to maintain the required surplus, its attorney-in-fact shall immediately make up the deficiency or levy an assessment upon the subscribers for the amount needed to make up the deficiency; but subject to the limitation set out in the subscriber's agreement. (b) If the attorney-in-fact fails to make up the deficiency or to make the assessment within 30 days after the director orders the attorney-in-fact to do so, or if the deficiency is not fully made up within 60 days after the date the assessment was made, the insurer shall be considered insolvent and shall be proceeded against as authorized by this title. (c) If liquidation of an insurer is ordered, an assessment shall be levied upon the subscriber for an amount, subject to limits as provided by this chapter, that the director determines to be necessary to discharge all liabilities of the insurer, exclusive of any funds contributed by the attorney-in-fact or other persons, but including the reasonable cost of the liquidation. (d) If liquidation of a domestic reciprocal insurer is ordered, the receiver appointed under the order has a right to recover on behalf of the reciprocal insurer a payment in the form of a bonus, termination settlement, or extraordinary lump-sum compensation adjustment made by the reciprocal insurer or its subscribers to the attorney-in-fact if the distribution or payment is made during the 12 months preceding the order of liquidation, unless it can be shown that the payment was lawful and reasonable and that the reciprocal insurer did not know and, using due diligence, could not have known that the distribution might adversely affect the ability of the reciprocal insurer to fulfill its subscriber's contractual obligation.
AK Stat § 21.75.300 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 75. Reciprocal and Cooperative Insurers|Article 2. Cooperative Insurance Coverage.|Sec. 21.75.300. Cooperative insurance.

(a) The director shall, by regulation, provide a general plan for the implementation of cooperative insurance coverage limited to the risks defined in AS 21.75.330. (b) The regulations adopted under (a) of this section must include (1) procedures whereby not less than the number of persons required by AS 21.75.060(a) to organize a domestic reciprocal insurer may petition the director to initiate formation of a cooperative insurer; (2) provision whereby the director may obtain information required to be provided by AS 21.75.060(b) to implement organization of a domestic reciprocal insurer; (3) provision under which the petitioners shall describe the territory within which the plan of cooperative insurance shall operate; (4) provision by which the director may obtain any additional information that the director considers reasonably necessary to determine whether the total amount initially at risk and its distribution permit a sound cooperative insurance operation; (5) provision whereby the director, after indicating an intention to issue a certificate of authority to a cooperative insurer under AS 21.75.300 - 21.75.330, shall provide public notice for a period of not less than 30 days to provide nonsubscribing residents within the territory or adjacent geographical area an opportunity to subscribe to the plan of insurance; and (6) provision by which, after the issuance of a certificate of authority, the cooperative insurer may receive applications from nonsubscribing residents of the territory or adjacent geographical area for inclusion within the insurer unless the application of the nonsubscribing resident is rejected by a majority vote of the members of the subscribers' advisory committee of the cooperative insurer.
AK Stat § 21.75.310 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 75. Reciprocal and Cooperative Insurers|Article 2. Cooperative Insurance Coverage.|Sec. 21.75.310. Certificate of authority of cooperative insurer.

If the director is satisfied that the plan of insurance and other information provided by petitioners under AS 21.75.300 permits a sound insurance operation and complies with all other applicable requirements for a certificate of authority, the director shall issue a certificate of authority to the insurer.
AK Stat § 21.75.320 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 75. Reciprocal and Cooperative Insurers|Article 2. Cooperative Insurance Coverage.|Sec. 21.75.320. Applicable provisions of law.

Except as otherwise specifically provided, the provisions of AS 21.75.010 - 21.75.270 and 21.75.900(2) and (3) are applicable to cooperative insurers.
AK Stat § 21.75.330 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 75. Reciprocal and Cooperative Insurers|Article 2. Cooperative Insurance Coverage.|Sec. 21.75.330. Coverage.

(a) A cooperative insurer organized under AS 21.75.300 is authorized to transact only property insurance, limited to physical damage of (1) licensed private passenger motor vehicles; (2) single-family residences, and related structures; (3) multiple dwellings of not more than four-family units if at least one unit is owner-occupied, and related structures; (4) mobile homes; (5) commercial structures of not more than $100,000 value. (b) Cooperative insurance coverage is limited to risks located or principally garaged within a geographic radius determined by the director to be within the ability of the insureds to control and have an influence over the level of loss.
AK Stat § 21.75.900 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 75. Reciprocal and Cooperative Insurers|Article 3. General Provisions.|Sec. 21.75.900. Definition.

In this chapter, (1) “material transaction” means a transaction, other than a claim payment, involving more than one-half of one percent of the reciprocal insurer's admitted assets as of December 31 of the prior year; (2) “reciprocal insurance” is that resulting from an interexchange among persons, known as “subscribers,” of reciprocal agreements of indemnity, the interexchange being effectuated through an “attorney-in-fact” common to all such persons; (3) “reciprocal insurer” means an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact to provide reciprocal insurance among themselves.
AK Stat § 21.84.005 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 1. Structure and Purpose.|Sec. 21.84.005. Representative form of government.

(a) A society has a representative form of government if (1) the society has a supreme governing body constituted as described in (b) or (c) of this section; (2) officers of the society are elected either by the supreme governing body or by the board of directors; (3) only benefit members are eligible for election to the supreme governing body or an intermediate assembly or to the board of directors; and (4) a voting member has one vote, and a vote may not be cast by proxy. (b) The supreme governing body may be constituted in an assembly. The assembly is composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates prescribed in the society's laws. A society may provide for election of delegates by mail. The elected delegates shall constitute a majority of the delegates entitled to vote, and they shall have neither less than two-thirds of the total votes cast, nor less than the number of votes required to amend the society's laws. The assembly shall be elected, shall meet at least once every four years, and shall elect a board of directors to conduct the business of the society between meetings of the assembly. Vacancies on the board of directors between elections may be filled in the manner prescribed by the society's laws. (c) The supreme governing body may be constituted in a board. The board is composed of persons elected by the members, either directly or by their representatives in intermediate assemblies, together with other persons prescribed in the society's laws. A society may provide for election of the board by mail. A term of a board member may not exceed four years. Vacancies on the board between elections may be filled in the manner prescribed by the society's laws. The elected board members shall constitute a majority of the number of directors entitled to vote, and they shall have not less than the number of votes required to amend the society's laws. A person filling the unexpired term of an elected board member shall be considered to be an elected member. The board shall meet at least quarterly to conduct the business of the society.
AK Stat § 21.84.015 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 1. Structure and Purpose.|Sec. 21.84.015. Purposes and powers.

(a) A society shall operate for the benefit of members and their beneficiaries by (1) providing benefits as specified in AS 21.84.201, and (2) operating for a social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purpose for the benefit of its members, which benefits may also be extended to others. A purpose may be carried out directly by the society or indirectly through subsidiary corporations or affiliated organizations. (b) A society may adopt and amend laws and rules for the government of the society, the admission of its members, and the management of its affairs and may have other powers necessary to carrying into effect the objects and purposes of the society.
AK Stat § 21.84.025 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 2. Membership.|Sec. 21.84.025. Qualifications for membership.

(a) A society shall specify in its laws or rules (1) eligibility standards for each class of membership, but, if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than 15 years of age and not more than 21 years of age; (2) the process for admission to membership for each membership class; and (3) the rights and privileges of each membership class; however, only benefit members may vote on the management of the insurance affairs of the society. (b) A society may also admit social members, but the social members may not have a voice or vote in the management of the insurance affairs of the society. (c) A society may organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges may not be required of children, nor may children have a voice or vote in the management of the society. (d) Membership rights in the society are personal to the member and are not assignable.
AK Stat § 21.84.035 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 2. Membership.|Sec. 21.84.035. Location of office; meetings; communications to members; grievance procedures.

(a) The principal office of a domestic society must be located in this state. The meetings of the supreme governing body of a society may be held in a state, district, province, or territory in which the society has at least one subordinate lodge or in another location as determined by the supreme governing body. All business transacted at the meetings is as valid in all respects as if the meetings were held in this state. The minutes of the proceedings of the supreme governing body and of the board of directors must conform to language requirements for documents filed under AS 21.84.070. (b) A society may provide in its laws for an official publication in which any notice, report, or statement required by law to be given to members, including notice of election, may be published. If published in the official publication, required reports, notices, and statements shall be printed conspicuously. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member is considered to be mailed to all members at the same address unless a member requests a separate copy. (c) A synopsis of the society's annual statement providing an explanation of the facts concerning the condition of the society shall be printed not later than June 1 of each year and mailed to each benefit member of the society or published in the society's official publication. (d) A society may provide in its laws or rules for grievance or complaint procedures for members.
AK Stat § 21.84.055 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 2. Membership.|Sec. 21.84.055. Waiver.

The laws of the society may provide that a subordinate body or its subordinate officers or members may not waive any provision of the laws of the society. The provision is binding on the society and every member and beneficiary of a member.
AK Stat § 21.84.059 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.059. Amendments to laws.

(a) A domestic society may amend its laws in accordance with its provisions by action of its supreme governing body at a regular or special meeting or, if its laws provide, by referendum. The referendum may be held in accordance with the provisions of its laws by the vote of the voting members of the society, by the vote of delegates or representatives of voting members, or by the vote of local lodges. A society may provide for voting by mail. An amendment submitted for adoption by referendum may not be adopted unless, within six months from the date of submission of the amendment, at least two-thirds of the members voting signify consent to the amendment by one of the methods specified under this subsection. (b) An amendment to the laws of a domestic society may not take effect unless approved by the director. The director shall approve the amendment if the director finds that it has been legally adopted and is not inconsistent with the requirements of the laws of this state or with the character, objects, and purposes of the society. Unless the director disapproves the amendment within 60 days after it is filed, the amendment is considered approved. The approval or disapproval of the director shall be in writing and mailed to the secretary or corresponding officer of the society at its principal office. If the director disapproves the amendment, the reason for the disapproval shall be stated in the written notice. (c) Within 90 days from the approval of the amendments by the director, all amendments, or a synopsis of them, shall be furnished to all members of the society, either by mail or by publication in full in the official publication of the society. The affidavit of an officer of the society or of a person authorized by the society to mail amendments, or a synopsis of them, stating facts that show that the amendments have been addressed and mailed, is prima facie evidence that the amendments, or a synopsis of them, have been furnished to the addressee. (d) A foreign or alien society authorized to do business in this state shall file with the director a certified copy of all amendments of, or additions to, its laws within 90 days after the enactment of them. (e) Printed copies of the laws, as amended, certified by the secretary or corresponding officer of the society are prima facie evidence of the legal adoption of those laws.
AK Stat § 21.84.060 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.060. Organization.

The organization of a domestic society organized on or after January 1, 1998, shall be formed as follows: Seven or more citizens of the United States, a majority of whom are citizens of this state, who desire to form a fraternal benefit society, may make, sign, and acknowledge before some officer, competent to take acknowledgment of deeds, articles of incorporation, in which shall be stated (1) the proposed corporate name of the society, which may not so closely resemble the name of any society or insurance company as to be misleading or confusing; (2) the purposes for which it is being formed and the mode in which its corporate powers are to be exercised; the purposes may not include more liberal powers than are granted by this chapter; (3) the names and residences of the incorporators and the names, residences, and official titles of all the officers, trustees, directors, or other persons who are to have and exercise the general control of the management of the affairs and funds of the society for the first year or until the ensuing election at which all the officers shall be elected by the supreme governing body, which election shall be held no later than one year from the date of the issuance of the permanent certificate of authority.
AK Stat § 21.84.070 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.070. Filing articles and documents.

The articles of incorporation, certified copies of the domestic society's laws and rules, copies of all proposed forms of certificates, applications, and circulars to be issued by the society, and a bond conditioned upon the return to applicants of the advanced payments if the organization is not completed within one year, shall be filed with the director, who may require further information considered necessary. The bond with sureties approved by the director shall be in an amount, not less than $300,000 or more than $1,500,000, required by the director. All documents filed are to be in the English language. If the purposes of the society conform to the requirements of this chapter and all provisions of the law have been complied with, the director shall so certify, retain, and file the articles of incorporation and furnish the incorporators a preliminary certificate of authority authorizing the society to solicit members as hereinafter provided.
AK Stat § 21.84.080 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.080. Time for completing organization.

A preliminary certificate of authority is not valid after one year from its date or after such further period, not exceeding one year, as may be authorized by the director upon cause shown, unless the 500 applicants hereinafter required have been secured and the organization has been completed as herein provided. The articles of incorporation and all other proceedings thereunder shall become null and void in one year from the date of the preliminary certificate of authority, or at the expiration of the extended period, unless the domestic society has completed its organization and received a certificate of authority to do business as hereinafter provided.
AK Stat § 21.84.090 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.090. Initial solicitations and qualifications.

Upon receipt of a preliminary certificate of authority from the director, the domestic society may solicit members for the purpose of completing its organization, shall collect from each applicant the amount of not less than one regular monthly premium in accordance with its table of rates, and shall issue to each applicant a receipt for the amount collected. A domestic society may not incur any liability other than for the return of the advance premium, or issue any certificate, or pay, allow, or offer or promise to pay or allow, a death or health care benefit to any person until (1) actual bona fide applications for benefits have been secured on 500 applicants and any necessary evidence of insurability has been furnished to and approved by the society; (2) certificates of examinations or acceptable declarations of insurability have been filed and approved by the chief medical examiner of the society; (3) 10 subordinate lodges or branches have been established into which the 500 applicants have been admitted; (4) there has been submitted to the director, under oath of the president or secretary, or corresponding officer of the society, a list of the applicants, giving their names, addresses, date each was admitted, name and number of the subordinate branch of which each applicant is a member, amount of benefits to be granted, and premiums for them; (5) it has been shown to the director, by sworn statement of the treasurer, or corresponding officer of the society, that at least 500 applicants have each paid in cash at least one regular monthly premium, which premiums in the aggregate shall amount to at least $150,000; the advance premiums shall be held in trust during the period of organization, and, if the society has not qualified for a certificate of authority within one year, the premiums shall be returned to the applicants.
AK Stat § 21.84.100 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.100. Certificate of authority.

The director may make the examination and require further information the director considers advisable. Upon presentation of satisfactory evidence that the domestic society has complied with all the provisions of law, the director shall issue to the society a certificate of authority to that effect and that the society is authorized to transact business under this chapter. The certificate of authority shall be prima facie evidence of the existence of the society at the date of the certificate. The director shall cause a record of the certificate of authority to be made. A certified copy of the record may be given in evidence with like effect as the original certificate of authority.
AK Stat § 21.84.120 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.120. Corporate powers retained.

An incorporated society authorized to transact business in this state on January 1, 1998, may not be required to reincorporate.
AK Stat § 21.84.130 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.130. Existing voluntary associations.

(a) After July 1, 1967, an unincorporated or voluntary association may not be permitted to transact business in this state as a fraternal benefit society. (b) [Repealed, § 36 ch 96 SLA 1997.]  (c) [Repealed, § 36 ch 96 SLA 1997.]
AK Stat § 21.84.170 (2021)
2021 Alaska Statutes|Title 21. Insurance|Chapter 84. Fraternal Benefit Societies|Article 3. Governance.|Sec. 21.84.170. Institutions.

(a) It is lawful for a society to create, maintain, and operate organizations to operate not for profit institutions to further the purposes permitted by AS 21.84.015(a)(2). The institutions may provide services free or at a reasonable charge. Real or personal property owned, held, or leased by the society for this purpose shall be reported in every annual statement but may not be allowed as an admitted asset of the society. (b) [Repealed, § 36 ch 96 SLA 1997.]  (c) A society may not own or operate funeral homes or undertaking establishments.