4.1444 Unforeseeable emergency defined.

Cite as [A.S.A.C. § 4.1444 ]

An unforeseeable emergency means severe financial hardship to a participant resulting from a sudden and unexpected illness or accident of the participant or of the participant's dependent (as defined in Section 152(a) of the Internal Revenue Code, 26 U.S.C. § 152(a)), loss of the participant's property due to casualty, or similar extraordinary circum

to casualty, or similar extraordinary circumstances beyond the participant's control.

History: Rule 11-87, eff 17 Jun 87.