2019-03-01                     Senate Journal                      Page 0430
                  Introduction and Reference of Senate Bills                                                                 
                                                                                                                                
SB 71                                                                                                                         
SENATE BILL NO. 71 BY THE SENATE RULES COMMITTEE                                                                                
BY REQUEST OF THE LEGISLATIVE COUNCIL, entitled:                                                                                
                                                                                                                                
                 "An Act making corrective amendments to the                                                                   
               Alaska Statutes as recommended by the revisor of                                                                
          statutes."                                                                                                            
                                                                                                                                
was read the first time and referred to the State Affairs and Judiciary                                                         
Committees.                                                                                                                     
                                                                                                                                
SB 72                                                                                                                         
SENATE BILL NO. 72 BY THE SENATE RULES COMMITTEE                                                                                
BY REQUEST OF THE GOVERNOR, entitled:                                                                                           
                                                                                                                                
          "An Act relating to insurance; relating to an insurer's                                                               
          corporate annual disclosure; relating to insurance                                                                    
          company holding systems; and providing for an                                                                         
          effective date."                                                                                                      
                                                                                                                                
was read the first time and referred to the Labor and Commerce                                                                  
Committee.                                                                                                                      
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, zero, Department of Commerce, Community,                                                                    
  and Economic Development                                                                                                      
                                                                                                                                
Governor's transmittal letter dated February 28:                                                                                
                                                                                                                                
Dear President Giessel:                                                                                                         
                                                                                                                                
Under the authority of Article III, Section 18 of the Alaska                                                                    
Constitution, I am transmitting a bill relating to updates to the                                                               
insurance code and adding new sections providing for a corporate                                                                
governance annual disclosure. The changes to the insurance code,                                                                
under this bill, conform to changes in model laws adopted by the                                                                
National Association of Insurance Commissioners (NAIC) and will                                                                 
assist the state in maintaining its accredited status with the NAIC and                                                         
improve uniformity nationwide in the regulation of insurance.