Section 21.76.900 - DefinitionsIn 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.