In this chapter, (1) 'adjustment expenses' means expenses for investigative, processing, legal, actuarial, arbitration, and settlement services incurred in the adjustment of losses, claims, or benefits; (2) 'administrator' means a person or group appointed by the board of directors to administer a joint insurance arrangement or a joint insurance fund; (3) 'board' or 'board of directors' means the board of directors provided for in a cooperative agreement; (4) 'cooperative agreement' means a written agreement entered into by two or more entities described in AS 21.76.010 for the purpose of establishing, operating, or participating in a joint insurance arrangement; (5) 'fund' or 'joint insurance fund' means a fund established under AS 21.76.080; (6) 'joint insurance arrangement' means a joint insurance arrangement authorized under AS 21.76.010.
Alaska Legal Code