00                            HOUSE BILL NO. 274                                                                          
01 "An Act establishing a surcharge on property insurance policies issued or renewed in                                    
02 the state; relating to the Alaska Fire Standards Council; relating to the Alaska fire                                   
03 services personnel fund; and providing for an effective date."                                                          
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1. AS 21.09.210 is amended by adding a new subsection to read:                                           
06 (q)  In addition to the taxes applicable under this section, a person who                                               
07 purchases a property insurance policy in the state shall pay a surcharge of $3 on the                                   
08 property insurance policy. An insurer issuing or renewing a property insurance policy                                   
09 shall collect the surcharge required under this subsection at the time the policy is                                    
10 issued or renewed. An insurer shall submit the surcharge collected, along with a report                                 
11 of the number of property insurance policies for which the surcharge was collected, to                                  
12 the director once each quarter on a date specified by the director. The surcharge is not                                
13 considered a premium and is not subject to the premium tax imposed under this                                           
14 section. The legislature may appropriate money collected under this subsection to the                                   

01       Department of Public Safety for activities of the Alaska Fire Standards Council under                             
02       AS 18.70.320 - 18.70.369 or for any other public purpose.                                                         
03    * Sec. 2. AS 37.05.146(c) is amended by adding a new paragraph to read:                                            
04                 (80)  the surcharge collected under AS 21.09.210(q).                                                    
05    * Sec. 3. AS 18.70.360 is repealed.                                                                                
06    * Sec. 4. The uncodified law of the State of Alaska is amended by adding a new section to                          
07 read:                                                                                                                   
08       APPLICABILITY. AS 21.09.210(q), enacted by sec. 1 of this Act, applies to a                                       
09 property insurance contract entered into or renewed on or after the effective date of sec. 1 of                         
10 this Act.                                                                                                               
11    * Sec. 5. The uncodified law of the State of Alaska is amended by adding a new section to                          
12 read:                                                                                                                   
13 TRANSITION: REGULATIONS. The director of the division of insurance may adopt                                            
14 regulations necessary to implement the changes made by this Act. The regulations take effect                            
15 under AS 44.62 (Administrative Procedure Act), but not before the effective date of the law                             
16 implemented by the regulation.                                                                                          
17    * Sec. 6. Section 5 of this Act takes effect immediately under AS 01.10.070(c).                                    
18    * Sec. 7. Except as provided in sec. 6 of this Act, this Act takes effect July 1, 2020.