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- Alaska Statutes.
- Title 21. Insurance
- Chapter 85. Regulation of Multiple Employer Welfare Arrangements
- Section 70. Contribution Rates.
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. Reporting Requirements.
AS 21.85.070. Contribution Rates.
- (a) A self-funded multiple employer welfare arrangement shall establish and maintain contribution rates that
- (1) fund the greater of
- (A) the amount recommended and certified by a qualified actuary in order for the self-funded multiple employer welfare
arrangement to remain financially solvent; or
- (B) the sum of projected claims liability for the year, plus all projected costs of operation of the arrangement for the
year, plus an amount equal to any deficiency in the reserves of the arrangement for the prior year, minus an amount
equal to the reserves of the arrangement in excess of the minimum required level of reserves; and
- (2) are not excessive, inadequate, or unfairly discriminatory.
- (b) A self-funded multiple employer welfare arrangement shall, before use, file with the director
- (1) a rate or fee of any kind to be charged a participating employer or employee;
- (2) every rating manual, schedule, plan, rule, or formula; and
- (3) any modification to the rating manual, schedule, plan, rule or formula.
- (c) The director shall disapprove by order a contribution rate or fee submitted under (b) of this section that does not
meet the requirements of (a) of this section or is in any respect not in compliance with or in violation of law.
- (d) A filing under (b) of this section must state the effective date and must provide a comprehensive description of the
coverage. The director may withhold the information provided under (b)(2) and (3) of this section from public
inspection for as long as the director determines that withholding the information is necessary to protect the
arrangement against unwarranted injury or is in the public interest.
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