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(a) A new law benefit recipient who elects major medical insurance must apply on a form provided by the administrator before the recipient's retirement date. A new law benefit recipient applying for a survivor benefit and electing major medical insurance must submit an application for that insurance when applying for the survivor benefit. Failure of a new law benefit recipient to make timely application under this subsection will result in the loss of all rights to apply for or obtain major medical insurance under this chapter.
(b) An alternate payee who elects major medical insurance must apply on a form provided by the administrator within 60 days after the first monthly benefit paid under a qualified domestic relations order is mailed or otherwise delivered to the alternate payee. Failure of an alternate payee to make timely application under this section will result in the loss of all rights to apply for or obtain major medical insurance under this chapter.
(c) The administrator may waive the application requirements of this section if extraordinary circumstances are demonstrated to the satisfaction of the administrator. Need, or the awareness of need, for major medical insurance arising after the application period has ended is not an extraordinary circumstance.
History: Eff. 2/1/93, Register 125
Authority: AS 14.25.168
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Last modified 7/05/2006