Legislature(2003 - 2004)
2004-05-09 House Journal
Full Journal pdf2004-05-09 House Journal Page 4049 SB 357 The Finance Committee has considered: CS FOR SENATE BILL NO. 357(FIN) "An Act relating to the regulation of insurance, insurance licenses, qualifications of insurance producers, surplus lines, fraud investigations, electronic transactions, and compliance with federal law and national standards; and providing for an effective date." and recommends it be replaced with: HOUSE CS FOR CS FOR SENATE BILL NO. 357(FIN) (same title) The report was signed by Representatives Harris and Williams, Co- chairs, with the following individual recommendations: Do pass (3): Foster, Croft, Williams No recommendation (6): Meyer, Hawker, Stoltze, Fate, Chenault, Harris A House Finance Committee letter of intent for CSSB 357(FIN) signed by Representatives Harris and Williams, Co-chairs, follows: "It is the intent of the Legislature that the Division of Insurance should take action to reform and modernize Alaska's system for insurance regulation. In order to preserve state regulation of insurance, state regulation must respond to the changing nature of the business of insurance. Specifically, the Division of Insurance should study alternative methods for regulating rates and forms and should develop proposals 2004-05-09 House Journal Page 4050 for changing Alaska's existing regulatory system in order to achieve the goals of consumer protection and the fostering of a highly competitive insurance market in Alaska." The following fiscal note(s) apply to HCS CSSB 357(FIN): 1. Zero, Dept. of Community & Economic Development CSSB 357(FIN) is on today's calendar.