Section 21.55.430. Alaska comprehensive health insurance fund.

   (a) The Alaska comprehensive health insurance fund is established in the general fund. The Department of Administration shall separately account for revenue collected under AS 21.09.210, AS 21.33.055, 21.33.061, AS 21.34.180, and AS 21.66.110 and deposit net proceeds into the Alaska comprehensive health insurance fund. The Department of Administration shall deposit interest earned on the Alaska comprehensive health insurance fund in the general fund.
   (b) The legislature may use the annual estimated balance in the Alaska comprehensive health insurance fund to make appropriations to the Department of Commerce, Community, and Economic Development to fund the reinsurance program under this chapter.
   (c) Payment for claims under the reinsurance program under this chapter is subject to appropriation.
   (d) Money in the fund does not lapse.
   (e) Nothing in this section creates a dedicated fund.
   (f) In this section, "net proceeds" includes
        (1) revenue accounted for under (a) of this section, less all return premiums, fees under AS 23.05.067, errors, and other adjustments;
        (2) penalties and interest on late payments accounted for under (a) of this section.

Notes

Recent Bills that will modify this

HB 374 REINSURANCE PROGRAM; HEALTH INS. WAIVERS

History

(Sec. 3 ch 5 4SSLA 2016)