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Terms Used In Alaska Statutes 21.42.075

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

An insurer may make a filing for approval by the director that provides for reimbursement by an insured of losses paid by the insurer under a workers’ compensation insurance policy. A form that alters the obligation of the insurer to an employee under Alaska Stat. § 23.30.025 or 23.30.030 may not be approved by the director. Filing for approval under this section is not a deviation under Alaska Stat. § 21.39.070.