HB 51: "An Act relating to permitting employers in the same trade to form joint insurance arrangements for self-insured workers' compensation coverage."
00 HOUSE BILL NO. 51 01 "An Act relating to permitting employers in the same trade to form joint insurance 02 arrangements for self-insured workers' compensation coverage." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 21.76.010 is amended by adding a new subsection to read: 05 (e) A group of five or more employers engaged in the same or similar 06 classifications of employment may form an association to self-insure the obligations of 07 the employers in the association under AS 23.30 with a joint insurance arrangement if 08 (1) the association meets the standards for a certificate under 09 AS 23.30.090; and 10 (2) each employer that is a member of the self-insurance association is 11 a member or associate member of a qualified trade association; in this paragraph, 12 "qualified trade association" means a trade association that 13 (A) is incorporated in this state; 14 (B) has been in existence for at least five years; and
01 (C) has been organized and is maintained in good faith for 02 purposes other than that of obtaining insurance.