# Alaska Stat. § 21.85.060: Investments

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.060

## Section

- **Citation:** Alaska Stat. § 21.85.060
- **Heading:** Investments
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 21 / Chapter 21.85 / Section 21.85.060

## Text

A multiple employer welfare arrangement shall maintain an amount at least equal to 85 percent of net unpaid claim liability in (1) cash and cash equivalents;

(2) the fully insured portion of a bank deposit when the insurance is provided by a solvent agency of the United States government or by collateral;

(3) a bank certificate of deposit, subject to review by the director; if the director determines that the amount of the certificate of deposit purchased by an insurer in any one bank is not a sound investment, the director may require the insurer to liquidate that portion found to be an unsound investment;

(4) a share or savings account of a savings and loan or building and loan association, to the extent that an account is insured by the Federal Deposit Insurance Corporation; or

(5) a rated credit instrument that is issued, assumed, guaranteed, or insured by the United States or Canada or by a government-sponsored enterprise of the United States or Canada if the instrument is assumed, guaranteed, or insured by the United States or Canada or is otherwise backed or supported by the full faith and credit of the United States or Canada.

## Nearby sections

- [Alaska Stat. § 21.85.010 Certificate of authority required.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.010.md)
- [Alaska Stat. § 21.85.020 Name.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.020.md)
- [Alaska Stat. § 21.85.030 Qualifications for a certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.030.md)
- [Alaska Stat. § 21.85.040 Application for a certificate of authority.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.040.md)
- [Alaska Stat. § 21.85.050 Minimum reserves.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.050.md)
- [Alaska Stat. § 21.85.060 Investments.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.060.md)
- [Alaska Stat. § 21.85.070 Contribution rates.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.070.md)
- [Alaska Stat. § 21.85.080 Reporting requirements.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.080.md)
- [Alaska Stat. § 21.85.090 Consumer information notice.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.090.md)
- [Alaska Stat. § 21.85.100 Applicability of other provisions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.100.md)
- [Alaska Stat. § 21.85.500 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.500.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.060. Check the current official text before relying on it. Not legal advice.