Org_Type Glossary
ACC REINS- Accredited reinsurer - An insurer that is accredited by the Alaska Division of Insurance as a reinsurer under Alaska Statute 21.12.020(a)(2). These entities do not sell directly to the public under this organization type. Their status can be
* Approved
* Surrendered
* Revoked
ADVISORY ORG - Advisory organization - An entity that files under Alaska Statute 21.39.100 with the Alaska Division of Insurance to assist insurers that make their own rate filings or rating organizations in rate making by the collection and furnishing of loss or expense statistics or by the submission of recommendations. Their status can be
* Active
* Inactive
APP - Applicant - An entity that has filed an application for status with the Alaska Division of Insurance. They may not conduct business while they are an applicant. Their status can be
* Application received - pending, not yet able to conduct business
* Application denied
* Application withdrawn
* When the application is approved, the record is moved to the appropriate organization type
ATT IN FACT - Attorney-In-Fact - An entity that is designated and appointed by the subscribers of a reciprocal insurer to act for and bind the subscribers in transactions relating to or arising out of the operation of a reciprocal insurer. The attorney-in-fact is licensed under AS 21.75, but an attorney-in-fact operating for only one reciprocal is not required to be licensed under that chapter. Their status can be
* License issued
* License revoked
* License surrendered
* License suspended
AUTO SERV CORP - Automobile service corporation - An entity authorized under Alaska Statute 21.59 to provide automobile service corporation services for subscribers in exchange for periodic prepayments. Services include any professional service, technical service, or replacement of goods including but not limited to (A) emergency road service; (B) reimbursement of legal fees for representation on traffic offenses; and (C) providing bail bonds for traffic offenses. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired
EXEMPT ORG - Exempt organization - An entity that is exempt from regulation by the Alaska Division of Insurance because it has provided documentation that it meets criteria in Alaska Statute as an exempt organization. Exempt entities include organizations that issue charitable annuities, nonprofit entities issuing insurance and annuity contracts for educational institutions, or entities issuing health insurance that have proven they are under the jurisdiction of another agency of state government or the federal government. Their status is
* No status
FRATERNAL - Fraternal benefit society - An incorporated society, order, or supreme lodge without capital stock that is conducted solely for the benefit of its members and their beneficiaries and not for profit, that is operated on a lodge system with ritualistic form of work, that has a representative form of government, and that makes provision for payment of benefits under Alaska Statute 21.84. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired
HOSP/MED SERV CORP - Hospital/medical service corporation - An entity under Alaska Statute 21.87 that engages in the provision of all or part of a health care service for its subscribers in exchange for periodic prepayment in identifiable amount by or for the subscribers. A medical service corporation principally provides medical or surgical services; a hospital service corporation principally provides hospital services. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired
JT INS ARR - Joint insurance arrangement - Cooperative agreements entered into under Alaska Statute 21.76 by municipalities and their public corporations, city and borough school districts, and regional educational attendance areas by agreeing to pool contributions in order to either assume risks from losses to the participants on a group basis or purchase coverage for the participants on a group basis. Regulation of joint insurance arrangements by the Alaska Division of Insurance is very limited. Their status can be
* Active
* Inactive
JOINT TITLE PLANT - A title plant formed under Alaska Statute 21.66.210 to prepare abstracts of title searches prior to the issuance of a title policy by a title insurance company. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired
JT UNDWRTG - Joint underwriting association - A group, association, or other organization of insurers that engages in joint underwriting or joint reinsurance under Alaska Statute 21.39.110. These entities do not sell directly to the public under this organization type. Their status can be
* Active
* Inactive
L/HEALTH INS - Life/health insurance company - An organization that is engaged as indemnitor, or contractor in the business of entering into contracts of life insurance, health insurance, annuities, variable life or variable annuities. Types of contracts allowed are based on lines of business defined in Alaska Statute 21.12 and authority granted under Alaska Statute 21.09. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired
MEWA - Multiple employer welfare arrangement - An entity formed by the agreement of two or more employers in a similar industry to provide employee benefits, usually health insurance benefits. Such entities are formed under federal rules and are authorized under Alaska Statute 21.85 to operate in Alaska. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired
PROP/CAS INS - Property/casualty insurance company - An organization that is engaged as indemnitor, surety, or contractor in the business of entering into contracts of property insurance, casualty insurance, marine insurance, mortgage guaranty, and/or surety. Types of contracts allowed are based on lines of business defined in Alaska Statute 21.12 and authority granted under Alaska Statute 21.09. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired
PURCH GRP - Risk purchasing group - A group formed under the federal Liability Risk Retention Act of persons or companies with a similar interest or in the same industry to purchase liability insurance for its members. Such groups must be registered under Alaska Statute 21.89.090 to operate in Alaska. Their status can be
* Registration approved
* Registration surrendered
* Registration revoked
RATING ORG - Rating Organization - An entity licensed by the Division of Insurance under Alaska Statute 21.39.060 and authorized by lines of business to provide rating services to insurance companies. Their status can be
* License issued
* License surrendered
RECP INS - Reciprocal insurer - An unincorporated aggregation of subscribers operating under Alaska Statute 21.75 individually and collectively through an attorney-in-fact to provide reciprocal insurance among themselves, excluding life and title insurance. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired
RRG - Risk retention group - A group formed under the federal Liability Risk Retention Act consisting of member companies within the same industry and existing to provide liability insurance to its members. Such groups must be registered under Alaska Statute 21.89.090 to operate in Alaska. Their status can be
* Registration approved
* Registration surrendered
* Registration revoked
SURP LINES INS - Surplus lines insurance company - An insurer that is not authorized to transact business in Alaska but is listed as approved under Alaska Statute 21.34 for the placement of insurance business in certain narrowly-defined circumstances only by licensed surplus lines brokers. Their status can be
* Listing approved
* Listing removed
TITLE - Title insurance company - A company organized for the insuring, guaranteeing, or indemnifying of owners of real or personal property or the holders of liens or encumbrances on it or others interested therein against loss or damage suffered by reason of (A) liens, encumbrances upon, defects in, or the unmarketability of the title to the property; or (B) the invalidity or unenforceability of liens or encumbrances on the property. Such companies are authorized under Alaska Statute 21.66 to operate in Alaska. Their status can be
* Certificate of Authority issued
* C of A revoked
* C of A surrendered
* C of A suspended
* C of A expired