Section 3.29.550. Risk manager.

For purposes of 3 AAC 29.500 -  3 AAC 29.550, a risk manager is an individual  
		(1) whose primary economic activity consists of regularly and continuously identifying and analyzing loss exposures, selecting the technique or combination of techniques to be used to handle each exposure to loss, implementing the chosen techniques, and monitoring the results of the decisions that were made; and  
		(2) who has at least one of the following credentials:  
			(A) bachelor's degree or higher degree in risk management from an accredited college or university;  
			(B) a designation as a Chartered Property and Casualty Underwriter (CPCU) issued by the American Institute for CPCU/Insurance Institute of America;  
			(C) a designation as an Associate in Risk Management (ARM) issued by the American Institute for CPCU/Insurance Institute of America;  
			(D) a designation as a Certified Risk Manager (CRM) issued by the National Alliance for Insurance Education and Research;  
			(E) a designation as Fellow in Risk Management issued by the Global Risk Management Institute/Risk and Insurance Management.  
			(F) a designation as a Chartered Enterprise Risk Analyst, Chartered Enterprise Risk Actuary, Certified Enterprise Risk Analyst, or Certified Enterprise Risk Actuary, (CERA) issued by an entity recognized as an Award Signatory under the Global Enterprise Risk Management Designation Recognition Treaty.  

Authorities

21.06.090;21.39.040;21.42.120

Notes

Reference

3 AAC 29.500
3 AAC 29.545
3 AAC 29.550
3 AAC 31.225

Authority

AS 21.06.090 AS 21.39.040 AS 21.42.120 ________________________

History

Eff. 6/11/2005, Register 174; am 8/20/2016, Register 219