CSHB 404(CRA): "An Act relating to joint insurance arrangements; and providing for an effective date."
00CS FOR HOUSE BILL NO. 404(CRA) 01 "An Act relating to joint insurance arrangements; and providing for an effective 02 date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 21.76.010(a) is amended to read: 05 (a) One or more of the following [MUNICIPALITIES AND THEIR PUBLIC 06 CORPORATIONS, CITY AND BOROUGH SCHOOL DISTRICTS, AND 07 REGIONAL EDUCATIONAL ATTENDANCE AREAS] may enter into cooperative 08 agreements with each other for the purpose of establishing, operating, or participating 09 in joint insurance arrangements through which the participating members agree to pool 10 contributions in order to either assume risks from losses to the participants on a group 11 basis or purchase coverage for the participants on a group basis : 12 (1) a municipality; 13 (2) a municipal public corporation; 14 (3) a city or borough school district;
01 (4) a regional educational attendance area; 02 (5) each of the following if the entity exercises at least two of the 03 general municipal powers described under AS 29.35.010 and at least one entity 04 described under (1) - (4) of this subsection participates in the cooperative 05 agreement: 06 (A) a nonprofit corporation incorporated in this state that, 07 in the preceding calendar year, had a payroll that did not exceed 08 $1,500,000; 09 (B) a Native association; or 10 (C) a Native village council . 11 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).