In this chapter,

1. (1) "exempt commercial purchaser" has the meaning given in AS 21.34.900;
2. (2) "home state" has the meaning given in AS 21.34.900;

3. (3) "surplus lines broker" means

   1. (A) a firm or agency licensed under AS 21.27.790; or

   2. (B) an individual that is

      1. (i) licensed under AS 21.27.790; and
      2. (ii) not employed by a firm or agency licensed under AS 21.27.790.

(Eff. 8/28/91, Register 119; am 6/11/2006, Register 178; am 7/25/2008, Register 187; am 9/4/2014, Register 211; am 12/20/2020, Register 236)