4 Alaska Admin. Code § 31.205

Current through October 17, 2024

Section 4 AAC 31.205 - Self-insurance programs

An authorized self-insurance program is one that the department annually determines adequately protects the public's investment in a school district's facilities. In rendering its determination, the department will consider annually at least the following factors for each school district applying for approval of a self-insurance program:

(1) cash reserves and dedicated funding;

(2) loss history;

(3) individual loss retention;

(4) excess property coverage;

(5) age and condition of facilities;

(6) the current undepreciated replacement cost of the facilities; and

(7) risk management or loss prevention programs conducted by the municipality or school district.

4 AAC 31.205

Eff. 8/31/90, Register 115; am 4/17/98, Register 146

Authority:AS 14.03.150

AS 14.07.060