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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 3.31. Miscellaneous. |
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Article 3.31.3. Viatical Settlements. |
Section 3.31.510. Association duties.
Latest version.
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(a) The association shall establish administrative and accounting procedures for the operation of a reinsurance program under which a health care insurer may cede the risk of eligible individuals to the association. (b) The association shall accept a risk ceded to it in compliance with 3 AAC 31.500 - 3 AAC 31.549 effective on the date coverage becomes effective with the health care insurer and shall continue to accept a risk ceded to it as long as the individual remains insured under the same health care insurance plan with the same health care insurer.
Authorities
21.06.090;21.55.220;21.55.400