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Alaska Statutes.

Title 21. Insurance

Chapter 87. Hospital and Medical Service Corporations

Section 20. Purpose and Interpretation.

AS 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, 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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Last modified 9/3/2005