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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.28. Life, Health, Variable, and Related Insurance. |
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Article 3.28.1. Variable Contracts. |
Section 3.28.520. Political subdivision groups.
Latest version.
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(a) A political subdivision constitutes a duly formed group for issuance of a group health insurance policy that provides health insurance coverage to the persons that comprise it, if (1) the eligibility for coverage for a person is based on criteria that reflect the common purpose for which the political subdivision exists and would preclude from coverage a person who may be associated or attempt to be associated with the political subdivision on a nonpermanent basis for the sole purpose of obtaining group health insurance coverage; and (2) the benefit payments are made directly to the individuals in the group. (b) In this section, "political subdivision" means the State of Alaska, an organized borough, or a city.
Authorities
21.06.090;21.54.060