Sec. 21.85.050. Minimum reserves.
42 words·~1 min read·
/ak/title-21/chapter-85/21-85-050A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 21.85.050. Minimum reserves.
A self-funded multiple employer welfare arrangement shall establish and maintain reserves equal to the greater of
(1)30 percent of the unpaid claim liability of the arrangement; or
(2)the amount recommended and certified by a qualified actuary.