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2022 Alaska Statutes
Title 21. Insurance
Chapter 87. Hospital and Medical Service Corporations
Sec. 21.87.020. Purpose and interpretation.
Universal Citation: AK Stat § 21.87.020 (2022)
(a) It is the purpose of this chapter to regulate in the public interest the formation and operation of prepaid health care service organizations, in order that the services may be made available upon a basis of fair and equitable contracts through state-licensed nonprofit organizations meeting reasonable standards as to administration, reserves, and financial soundness.
(b) This chapter shall be liberally interpreted to effectuate the purpose declared in (a) of this section.
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