Alaska § 21.85.070 - Contribution rates.
Full text of Alaska Alaska Statutes § 21.85.070 — Contribution rates., with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Alaska § 21.85.070
What does Alaska Statutes § 21.85.070 cover?
Section 21.85.070 ("Contribution rates.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 21.85.070?
A common citation format is "Alaska Statutes § 21.85.070" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 21.85.070 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.