1997 Alaska Statutes
Title 21 INSURANCE
Chapter 21.55. STATE HEALTH INSURANCE
Sec. 21.55.150. State plan premiums.
(a) The association may not charge a rate for coverage issued by or through the association that is excessive, inadequate, or unfairly discriminatory.
(b) The association shall use separate scales of premium rates based on age and geographic location of the insured. The association may use separate scales of premium rates based on other factors, including use or nonuse of tobacco, if approved by the director.
(c) The five members of the association that insure, or have subscriber contracts with, the largest number of individuals in the state under plans with benefits substantially equivalent to the state plan benefits shall submit to the association an estimate of the rate that would be actuarially sound for a person who is a standard risk for coverage substantially equivalent to the state plan. The premium for a state plan may not exceed 200 percent of the average of those five estimates.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
