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- Alaska Statutes.
- Title 21. Insurance
- Chapter 87. Hospital and Medical Service Corporations
- Section 270. Joint Operations.
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. Combined Corporation.
AS 21.87.270. Joint Operations.
- (a) A hospital service corporation and a medical service corporation may operate under joint management for the purpose of
reducing operating costs.
- (b) Separate records and accounts shall be kept for each corporation, and the funds and assets of one may not be
commingled with those of the other; except that funds received from a joint billing to subscribers may be deposited in
a common bank account for purposes of collection, if the records of each corporation at all times show the amount of
the funds belonging to each and if final distribution of the funds is made to each corporation within 30 days from
receipt of payment of the joint billing.
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