1995-05-06                     House Journal                      Page 1917
SB 53                                                                        
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; requiring that insurers appoint independent               
counsel for an insured when certain conflicts of interest arise;               
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              
date."                                                                         
                                                                               
                                                                               
The report was signed by Representative Kott, Chair, with the                  
following individual recommendations:                                          
                                                                               
Do pass (2):  Kubina, Kott                                                     
                                                                               
                                                                               
No recommendation (3):  Sanders, Elton, Porter                                 
                                                                               
                                                                               
Amend (1):  Rokeberg