{"data":{"id":"us-ak/as-21.76.020","jurisdiction":"us-ak","citation":"AS 21.76.020","heading":"Regulation by division of insurance and annual report.","body":"(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.\n(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\n(1) be attested to by the administrator and the board of directors;\n(2) include an analysis, certified by a member of the American Academy of Actuaries, of the sufficiency of the loss reserves; and\n(3) be certified by a certified public accountant.","path":["Title 21. Insurance.","Chapter 76. Joint Insurance Arrangements."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.76.020","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"54267225b5b53bfa3a2eb3adc87be602320a1b0e6a11dd668fbffb6cbf0e9147","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.76.010","next":"us-ak/as-21.76.030"},"notice":"GroundRules: Original legal text. Not legal advice."}