As used in 3 AAC 24.300 - 3 AAC 24.590,
- (1) "purchasing group" means any entity meeting the definition of a purchasing group in 15 U.S.C. 3901(a)(5), as amended as of October 27, 1986 (Liability Risk Retention Act);
- (2) "transact" means the same as in AS 21.97.900;
- (3) "transacting insurance" means to transact as defined in AS 21.97.900 relative to a subject or risk that is resident, located, or to be performed in this state.
(Eff. 8/23/89, Register 111; am 10/24/92, Register 124)