Bill > HB148

This bill is an omnibus insurance legislation that makes numerous technical and substantive changes to Alaska's insurance laws across multiple areas. Key provisions include extending the statute of limitations for prosecuting life insurance offenses, requiring health insurers to offer non-network coverage options, modifying reporting and licensing requirements for insurance producers and adjusters, and adding new consumer protections. For instance, the bill prohibits insurers from canceling property or casualty insurance policies due to claims made solely to meet aid requirements, prevents depreciation of labor costs in residential property policies, and expands coverage requirements for breast cancer and colorectal cancer screenings. The bill also updates definitions, clarifies regulatory processes for health maintenance organizations, and allows the insurance director more flexibility in granting waivers and managing insurance regulations. Additionally, the bill makes technical corrections to various sections of Alaska's insurance code, such as adjusting filing deadlines, modifying licensing procedures for independent adjusters, and updating tax and reporting requirements for insurers. Overall, the legislation aims to enhance consumer protections, streamline insurance regulatory processes, and modernize Alaska's insurance statutes.

Budget and Finance, Business and Industry

Labor & Commerce (House)

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB148