Legislature(1995 - 1996)

1995-04-20 Senate Journal

Full Journal pdf

1995-04-20                     Senate Journal                      Page 1126
SB 53                                                                        
CS FOR SENATE BILL NO. 53(JUD) "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 date" was engrossed,              
signed by the President and Secretary and transmitted to the House             
for consideration.