Terms Used In Alaska Statutes > Title 21 > Chapter 14 - Risk Based Capital for Insurers

• action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• articles of incorporation: means the original or restated articles of incorporation or articles of consolidation and all amendments to them, including articles of merger. See Alaska Statutes 10.20.920
• Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
• board of directors: means the group of persons vested with the management of the affairs of the corporation irrespective of the name by which the group is designated. See Alaska Statutes 10.20.920
• bylaws: means the code or codes of rules adopted for the regulation or management of the affairs of the corporation irrespective of the name or names by which the rules are designated. See Alaska Statutes 10.20.920
• commissioner: means commissioner of commerce, community, and economic development. See Alaska Statutes 10.20.920
• Contract: A legal written agreement that becomes binding when signed.
• department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 10.20.920
• member: means one having membership rights in a corporation in accordance with the provisions of its articles of incorporation or bylaws. See Alaska Statutes 10.20.920
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• property: includes real and personal property. See Alaska Statutes 01.10.060
• Quorum: The number of legislators that must be present to do business.
• remote communication: has the meaning given in Alaska Stat. See Alaska Statutes 10.20.920
• Statute: A law passed by a legislature.