# Alaska Stat. § 21.85.080: Reporting requirements

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.85_S21.85.080

## Section

- **Citation:** Alaska Stat. § 21.85.080
- **Heading:** Reporting requirements
- **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 21.85.080

## Text

(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 (1) a statement of financial condition;

(2) a statement of change in financial condition for the year accompanied by an actuarial opinion by a qualified actuary that includes (A) a certification that the unpaid claim liability of the arrangement meets the requirements of AS 21.18.080 — 21.18.086;

(B) the recommended level of specific and aggregate stop-loss insurance the arrangement should maintain;

(C) a description of the actuarial soundness of the arrangement, including any recommended actions the arrangement should take to improve its actuarial soundness;

(3) a statement of the arrangement's contribution rates for the next year;

(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;

(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;

(6) additional information the director determines is necessary in order to determine the financial integrity of the arrangement.

(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 (1) a statement of financial condition;

(2) a statement of change in financial condition for the period since the end of the prior year;

(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;

(4) additional information the director determines is necessary in order to determine the financial integrity of the arrangement.

(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.

## 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_S21.85.080. Check the current official text before relying on it. Not legal advice.