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Alaska Statutes Title 37. Public Finance § 37.10.280. Insurance

Current as of January 01, 2025 | Updated by Findlaw Staff

The board shall ensure that trusteed assets and its own services are protected. The board may purchase insurance or provide for self-insurance retention in amounts recommended by the commissioner of revenue and approved by the board to cover the acts, including fiduciary acts, errors, and omissions of its board members and agents. Insurance must protect the board and the state from liability to others and from loss of trusteed assets due to the acts or omissions of the trustees.

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Cite this article: FindLaw.com - Alaska Statutes Title 37. Public Finance § 37.10.280. Insurance - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-37-public-finance/ak-st-sect-37-10-280/

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