(a) Except as provided in (b) of this section and Alaska Stat. § 21.55.130(c), insurance under a state plan is effective immediately upon receipt of the first premium, and is retroactive to the date of the application, if the applicant otherwise complies with the requirements of this chapter.

Terms Used In Alaska Statutes 21.55.330

  • Contract: A legal written agreement that becomes binding when signed.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) Insurance under a state plan is effective retroactively to the date that the person‘s previous contract or policy terminated if the person

(1) applies for a state plan within 60 days after the previous contract or policy terminated;
(2) is accepted by the plan administrator; and
(3) pays a specified premium for the period of retroactive coverage.
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