In this chapter, (1) 'export' means to place surplus lines insurance with a nonadmitted insurer; (2) 'transaction of insurance' means the solicitation, negotiation, procurement, effectuation, or renewal of insurance; forwarding of applications; delivery of policies or contracts; inspection of risks; fixing of rates; investigation or adjustment of claims or losses; collection or forwarding of premiums; or transaction of matters subsequent to effectuation of the contract of insurance and arising out of it; (3) 'unauthorized person' means a person not licensed as a surplus lines broker, or not a salaried employee of the insured; (4) 'wet marine and transportation insurance' has the meaning given in AS 21.34.900.
Alaska Legal Code