{"data":{"id":"us-ak/as-21.75.900","jurisdiction":"us-ak","citation":"AS 21.75.900","heading":"Definition.","body":"In this chapter,\n(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;\n(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;\n(3) “reciprocal insurer” means an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact to provide reciprocal insurance among themselves.","path":["Title 21. Insurance.","Chapter 75. Reciprocal and Cooperative Insurers.","Article 3. General Provisions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.75.900","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"2d30eacb2d85ce3b5d22c4a1c32d3555ae837f30d2715c63729ebbc20b6052af","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.75.340","next":"us-ak/as-21.76.010"},"notice":"GroundRules: Original legal text. Not legal advice."}