00                            SENATE BILL NO. 157                                                                         
01 "An Act allowing an insurer to cancel an insurance policy if property becomes                                           
02 unoccupied and the vacancy increases the hazard insured against."                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 21.36.210(f) is amended to read:                                                                   
05            (f)  An insurer may not exercise its right to cancel a policy of personal                                    
06       insurance other than personal automobile insurance, except for the following reasons:                             
07                 (1)  nonpayment of premiums, including nonpayment of additional                                         
08       premiums, calculated in accordance with the current rating manual of the insurer,                                 
09       justified by a physical change in the insured property or a change in its occupancy or                            
10       use;                                                                                                              
11                 (2)  conviction of the insured of a crime having as one of its necessary                                
12       elements an act increasing a hazard insured against;                                                              
13                 (3)  discovery of fraud or material misrepresentation made by the                                       
14       insured or a representative of the insured in obtaining the insurance or by the insured                           

01       in pursuing a claim under the policy;                                                                             
02                 (4)  discovery of a grossly negligent act or omission by the insured that                               
03       substantially increases the hazards insured against; [OR]                                                         
04                 (5)  physical changes in the insured property that result in the property                               
05       becoming uninsurable; or                                                                                      
06                 (6)  unoccupancy or vacancy of the insured property that increases                                  
07       a hazard insured against.                                                                                   
08    * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to                          
09 read:                                                                                                                   
10       APPLICABILITY. AS 21.36.210(f)(6), enacted by sec. 1 of this Act, applies to                                      
11 property that becomes unoccupied or vacant on or after the effective date of this Act.