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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.75.330. Coverage - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-75-330/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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