Alaska Statutes Title 21, Chapter 21.87 - Hospital and Medical Service Corporations

• Sec. 21.87.010 Applicability.
  (a) This chapter applies to every individual, person, firm, corporation, association, or organization of any kind hereafter engaging or purporting to engage in the...
• Sec. 21.87.020 Purpose and Interpretation.
  (a) It is the purpose of this chapter to regulate in the public interest the formation and operation of prepaid health care service organizations,...
• Sec. 21.87.030 Provisions Exclusive.
  A provision of this title does not apply to a health care service corporation unless contained or referred to in this chapter.
• Sec. 21.87.040 Incorporation and Certificate of Authority Required.
  A person otherwise subject to this chapter may not engage or purport to engage in the provision of any part or all of a...
• Sec. 21.87.050 Incorporation, Approval of Articles and Amendments.
  (a) A service corporation shall be formed as a nonprofit, nonstock medical service corporation, or hospital service corporation, or a combination medical and hospital...
• Sec. 21.87.060 Name of Corporation.
  A service corporation may not have or use a corporate or business name that includes the words "insurance," "casualty," "surety," "health and accident," "mutual,"...
• Sec. 21.87.070 Qualifications for Certificate of Authority.
  The director may not issue or permit to exist a certificate of authority to be or act as a service corporation to a corporation...
• Sec. 21.87.080 Application for Certificate of Authority.
  (a) Application for a certificate of authority to transact business as a service corporation shall be made to the director, on forms as prepared...
• Sec. 21.87.090 Issuance or Refusal of Certificate of Authority.
  (a) If, after the application for certificate of authority is completed, the director finds that the applicant is fully qualified for a certificate of...
• Sec. 21.87.100 Continuance or Expiration of Certificate of Authority.
  (a) A certificate of authority issued to a service corporation shall continue in force as long as the corporation is entitled to it under...
• Sec. 21.87.110 Suspension or Revocation of Certificate of Authority.
  (a) The director shall suspend or revoke the certificate of authority of a service corporation that the director finds, after a hearing, is no...
• Sec. 21.87.120 Services and Benefits that May Be Provided by Medical Service Corporations.
  (a) A medical service corporation shall have the right to provide to its subscribers part or all of the following services and benefits only:(1)...
• Sec. 21.87.130 Services and Benefits that May Be Provided by Hospital Service Corporations.
  (a) A hospital service corporation shall have the right to provide to its subscribers part or all of the following services and benefits only:(1)...
• Sec. 21.87.140 Medical Service Agreements.
  (a) A medical service corporation shall enter into service agreements with providers licensed by the state only.(b) Each service agreement shall require the participant...
• Sec. 21.87.150 Hospital Service Agreements.
  (a) A hospital service corporation shall enter into service agreements with hospitals approved or licensed by the state only.(b) Each service agreement must require...
• Sec. 21.87.160 Subscriber's Contracts.
  (a) Each subscriber's contract issued after July 1, 1966, by a service corporation constitutes a direct obligation of the participant providers or participant hospitals...
• Sec. 21.87.170 Minimum Service Benefits.
  (a) Each service agreement and subscriber's contract entered into or issued by a service corporation must provide for health care services of a substantial...
• Sec. 21.87.180 Filing and Approval of Agreements and Contracts.
  (a) A service corporation may not issue or use a basic form of service agreement or subscriber's contract, or application, identification, supplement, or endorsement...
• Sec. 21.87.190 Charges and Rates; Rating Methods.
  (a) Subscription rates, fees, and payments to be charged by a service corporation to or on account of its subscribers may not be excessive,...
• Sec. 21.87.200 Reserves.
  In addition to the surplus fund provided for in AS 21.87.210 , each service corporation shall establish and maintain unimpaired reserves and liabilities required...
• Sec. 21.87.210 Surplus Fund.
  (a) Each service corporation shall set aside into a "surplus fund" an amount of money equal to not less than two percent of all...
• Sec. 21.87.220 Investments.
  (a) A service corporation shall invest and have invested its funds in the following investments only:(1) cash on deposit or in savings accounts in...
• Sec. 21.87.230 Records and Accounts.
  (a) Every service corporation shall establish and maintain complete and accurate records and accounts covering its transactions and affairs, in accordance with common and...
• Sec. 21.87.240 Annual Statement and Fees.
  (a) Each service corporation shall annually before March 2 file with the director a statement of its financial condition as at the preceding December...
• Sec. 21.87.250 Examination.
  Every service corporation shall be subject to examination by the director, with the same rights and powers and in the same manner as is...
• Sec. 21.87.260 Taxation.
  Every hospital and medical service corporation doing business under this chapter shall be taxed as provided in AS 21.09.210 .
• Sec. 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...
• Sec. 21.87.280 Combined Corporation.
  (a) A service corporation may be formed as, or may by suitable amendment of its articles of incorporation become, a combined medical service and...
• Sec. 21.87.290 Contracts Covering Workers' Compensation Risks.
  A service corporation may not issue a subscriber's contract covering, or otherwise insure, an industrial injury or illness if health care service or indemnity...
• Sec. 21.87.300 Annual Adjustment of Service Payments.
  (a) At least once each year each service corporation shall make a special accounting, at which time any prorated settlements for bills submitted by...
• Sec. 21.87.310 Fidelity Bond.
  Each service corporation shall procure and maintain in force a fidelity bond or bonds, with authorized corporate surety, covering every officer or employee entrusted...
• Sec. 21.87.320 Fee and Licenses. [Repealed, Sec. 30 Ch 26 Sla 1985].
  Repealed or Renumbered
• Sec. 21.87.330 Definitions.
  In this chapter,(1) "health care service" means a service rendered to an individual for diagnosis, relief, or treatment of an injury, ailment, or bodily...
• Sec. 21.87.340 Other Provisions Applicable.
  In addition to the provisions contained or referred to previously in this chapter, the following chapters and provisions of this title also apply with...
• Sec. 21.87.350 Existing Certificates of Authority.
  A health care service contractor registered to do business in this state on July 1, 1966, is entitled to be registered under this chapter,...

Last modified: November 15, 2016