Legislature(1995 - 1996)

1995-04-21 House Journal

Full Journal pdf

1995-04-21                     House Journal                      Page 1417
SB 53                                                                        
CS FOR SENATE BILL NO. 53(JUD) by the Senate Judiciary                         
Committee, entitled:                                                           
"An Act relating to regulation of risk retention or purchasing                
groups; to preemption of the regulation of insurance agents and                
insurance producers; to the general powers of the director of the              
division of insurance; to insurance examination hearings; to insurer           
certificates of authority; to annual and quarterly statements, taxes,          
and prohibited acts of insurers; to reinsurance credit allowed a               
domestic insurer; to risk based capital for insurers; to insurer assets        
and liabilities; to insurer investments; to insurance holding                  
companies; to regulation, licensing, examination, and trade                    
practices of insurance producers, managing general agents,                     
third-party administrators, brokers, independent adjusters, and                
reinsurance intermediary managers; to surplus lines insurance; to              
criminal insurance acts; to premium increases in automobile                    
insurance; to insurance rating; to assigned risk pools; to filing and          
approval of certain insurance policy forms; to required insurance              
coverage for acupuncture, nurse midwives' services,                            
mammography, and phenylketonuria; to health insurance provided                 
by small employers; to transfer of an insurer's status as a domestic           
insurer; to quarterly statements of benevolent associations, fraternal         
benefit societies, and health maintenance organizations; to                    
reciprocal insurers; to the definition of 'member insurer' for                 
purposes of the Alaska Life and Disability Insurance Guaranty                  
Association; to electronic insurance data transfer and insurance               
funds transfer; to the definitions of 'managing general agent' and             
'person' applicable to insurance law; to automobile assigned risk              
plans; placing a person employed by the division of insurance as               
an actuary or assistant actuary into the exempt service; amending              
Alaska Rule of Civil Procedure 45; and providing for an effective              
was read the first time and referred to the Labor & Commerce and               
Judiciary Committees.