Terms Used In Alaska Statutes 21.53.010

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

An insurer, hospital or medical service corporation, or fraternal benefit society may not advertise, market, sell, deliver, or offer for delivery a long-term care insurance policy unless the policy complies with this chapter, Alaska Stat. Chapter 21.18, Alaska Stat. Chapter 21.45, the health insurance requirements imposed under Alaska Stat. Chapter 21.51, and, if a group policy, the group health insurance requirements imposed under Alaska Stat. Chapter 21.54, or unless it has been approved by and complies with the Interstate Insurance Product Regulation Compact under Alaska Stat. § 21.42.700.