{"data":{"id":"us-ak/as-21.85.080","jurisdiction":"us-ak","citation":"AS 21.85.080","heading":"Reporting requirements.","body":"(a) A self-funded multiple employer welfare arrangement shall annually, before March 2, file with the director on forms prescribed by the director, a full and true statement of its financial condition, transactions, and affairs as of the preceding December 31, including\n(1) a statement of financial condition;\n(2) a statement of change in financial condition for the year accompanied by an actuarial opinion by a qualified actuary that includes\n(A) a certification that the unpaid claim liability of the arrangement meets the requirements of AS 21.18.080 — 21.18.086;\n(B) the recommended level of specific and aggregate stop-loss insurance the arrangement should maintain;\n(C) a description of the actuarial soundness of the arrangement, including any recommended actions the arrangement should take to improve its actuarial soundness;\n(3) a statement of the arrangement's contribution rates for the next year;\n(4) if the total payments to the arrangement for participation during the prior year of operations exceeded the sum of $2,000,000, certified financial statements for the prior two years, or for each year and partial year that the self-funded multiple employer welfare arrangement has been in business if less than two years;\n(5) a report showing the number of participating employers and number of covered lives at the end of the year and contributions received during the year in the state;\n(6) additional information the director determines is necessary in order to determine the financial integrity of the arrangement.\n(b) A self-funded multiple employer welfare arrangement shall, within 60 days after the end of each quarter, file with the director, on forms prescribed by the director, a full and true statement of its financial condition, transactions, and affairs as of the preceding quarter, including\n(1) a statement of financial condition;\n(2) a statement of change in financial condition for the period since the end of the prior year;\n(3) a report showing the number of participating employers and number of covered lives at the end of the quarter and contributions received during the quarter in the state;\n(4) additional information the director determines is necessary in order to determine the financial integrity of the arrangement.\n(c) A self-funded multiple employer welfare arrangement shall file with the director a copy of the arrangement's Internal Revenue Service form 5500, including all attachments to the form.","path":["Title 21. Insurance.","Chapter 85. Regulation of Multiple Employer Welfare Arrangements."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.85.080","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"8d5f5480f806e802071d8bf8fa2c3bbeec753fefbb324da1ab1b5391b5ed1f13","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.85.070","next":"us-ak/as-21.85.090"},"notice":"GroundRules: Original legal text. Not legal advice."}