In 3 AAC 30.300 - 3 AAC 30.349,

1. (1) "deductible" means a provision in an insurance policy where the policyholder must absorb or pay part of the insured loss before qualifying for recovery from the insurer under the policy;

2. (2) "excess workers' compensation policy" means a policy

   1. (A) issued by an insurer to an employer certified as a self-insurer under AS 23.30.090; and

   2. (B) that reimburses the self-insured employer for amounts

      1. (i) accepted by, imposed upon, or assumed by the employer under AS 23.30 for death, disablement, or injury to the employer's employees; and
      2. (ii) that are above either a specific or an aggregate attachment point or self-insured retention, but that do not by themselves satisfy the requirements under AS 23.30.025 or 23.30.075;

3. (3) "loss reimbursement" means a provision in a workers' compensation policy that

   1. (A) maintains an insurer's entire obligation under the policy for payment of insured loss under AS 23.30; and
   2. (B) provides that an insured employer will reimburse the insurer under the policy for the first part of the loss subject to an agreed upon limit;
4. (4) "loss reimbursement policy" means a workers' compensation policy containing a loss reimbursement provision, regardless of whether the loss reimbursement provision is effected by means of an endorsement to a standard workers' compensation policy.

(Eff. 12/20/2020, Register 236)

Authority: AS 21.06.090, AS 21.42.030, AS 21.42.075