For purposes of 3 AAC 29.500 - 3 AAC 29.550, an exempt commercial policyholder is an entity that has sufficient insurance buying expertise to negotiate with insurers in a largely unregulated environment and that meets any two of the following criteria:

1. (1) has net worth of over $30 million;
2. (2) has net revenues or sales of over $75 million;
3. (3) has more than 300 employees per individual company or 800 per holding company aggregate;
4. (4) procures its insurance through use of a risk manager, employed or retained;
5. (5) collects annual aggregate premiums of over $250,000;
6. (6) is a nonprofit or public entity with an annual budget or assets of at least $30 million;
7. (7) is a municipality with a population of over 25,000.

(Eff. 6/11/2005, Register 174)

Authority: AS 21.06.090, AS 21.39.040, AS 21.42.120