Alaska Statutes (Last Updated: January 11, 2017) |
Title 21. INSURANCE. |
Chapter 21.87. HOSPITAL AND MEDICAL SERVICE CORPORATIONS. |
Section 21.87.020. Purpose and interpretation.
Latest version.
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(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.