(a) The corpus or income of the assets held in trust as required by the plan may not be diverted or used for other than the exclusive benefit of the participants.
(b) The assets of the plan may not be used to pay premiums or contributions of the employer under another plan maintained by the employer.
Structure Alaska Statutes
Title 39. Public Officers and Employees
Chapter 30. Insurance and Supplemental Employee Benefits
Sec. 39.30.310. Purpose and effective date.
Sec. 39.30.320. Attorney general.
Sec. 39.30.330. Administrator.
Sec. 39.30.340. Powers and duties of the administrator.
Sec. 39.30.350. Employer contribution fund.
Sec. 39.30.360. Management and investment of the fund.
Sec. 39.30.370. Contributions by employers.
Sec. 39.30.380. Termination of employment.
Sec. 39.30.390. Eligibility and reimbursement.
Sec. 39.30.400. Benefits payable from the individual account.
Sec. 39.30.410. Exemption from taxation and process.
Sec. 39.30.420. Amendment and termination of plan.
Sec. 39.30.430. Exclusive benefit.
Sec. 39.30.440. Report to the Legislature on Health Care Cost-Saving Measures.