Legislature(2017 - 2018)BARNES 124
03/19/2018 03:15 PM House LABOR & COMMERCE
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| Audio | Topic |
|---|---|
| Start | |
| Confirmation Hearing(s): | |
| SB4 | |
| HB403 | |
| HB379 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 403 | TELECONFERENCED | |
| += | HB 401 | TELECONFERENCED | |
| + | HB 379 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| + | SB 4 | TELECONFERENCED | |
HB 403-LIFE & HEALTH INSURANCE GUARANTY ASSN.
4:06:16 PM
CHAIR KITO announced that the next order of business would be
HOUSE BILL NO. 403, "An Act relating to the Alaska Life and
Health Insurance Guaranty Association; and providing for an
effective date."
4:06:33 PM
SORCHA HAZELTON, Staff, Representative Sam Kito, Alaska State
Legislature, introduced the changes to HB 403. She paraphrased
from the explanation of changes [included in committee packet],
which reads as follows [original punctuation provided]:
Section 1, Page 1, Line 11: Adds the word "member" to
conform to model language use of the term "member
insurer" throughout the bill.
Section 14, Page 12, Line 16: Removes the phrase "and
the receivership court" to conform to model language.
Section 56, Page 33, Line 22: Adds "a hospital or
medical service corporation subscriber contract" into
the definition of a health benefit plan to conform to
model language.
4:07:31 PM
REPRESENTATIVE WOOL moved to adopt CS for HB 403 as a working
document for the committee. There being no objection, it was so
ordered.
CHAIR KITO stated the version being considered is version J.
4:08:10 PM
CHAIR KITO stated the bill has an effective date of January 1,
2019. He clarified that due to the effective date, any guaranty
claims on issues that have taken place now would not be pulled
into the new law, so any failures would be incorporated into the
revised guaranty association. He asked Ms. Wing-Heier for
confirmation.
4:09:03 PM
LORI WING-HEIER, Director, Division of Insurance, Department of
Commerce, Community & Economic Development (DCCED), answered she
believed the bill has an effective date of July 1, 2018, not
January 2019. She said the intention he had stated is correct.
She added new members would not be subject to the [indisc.]
assessment.
4:09:57 PM
CHAIR KITO closed public testimony on HB 403.
4:10:04 PM
REPRESENTATIVE WOOL moved to report the CS for HB 403 out of
committee with individual recommendations and the accompanying
fiscal notes. There being no objection, it was so ordered.