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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 4. Education and Early Development. |
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Chapter 4.31. School Facility Planning and Construction. |
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Article 4.31.2. Loss Protection. |
Section 4.31.205. Self-insurance programs.
Latest version.
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An authorized self-insurance program is one that the department annually determines adequately protects the public's investment in a school district's facilities. In rendering its determination, the department will consider annually at least the following factors for each school district applying for approval of a self-insurance program: (1) cash reserves and dedicated funding; (2) loss history; (3) individual loss retention; (4) excess property coverage; (5) age and condition of facilities; (6) the current undepreciated replacement cost of the facilities; and (7) risk management or loss prevention programs conducted by the municipality or school district.
Authorities
14.03.150;14.07.060