Legislature(2001 - 2002)
05/07/2001 10:22 AM Senate JUD
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* first hearing in first committee of referral
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+ teleconferenced
= bill was previously heard/scheduled
ALASKA STATE LEGISLATURE
SENATE JUDICIARY COMMITTEE
May 7, 2001
10:22 a.m.
MEMBERS PRESENT
Senator Robin Taylor, Chair
Senator John Cowdery
Senator Johnny Ellis
MEMBERS ABSENT
Senator Dave Donley, Vice Chair
Senator Gene Therriault
COMMITTEE CALENDAR
CS FOR HOUSE BILL NO. 184(JUD) am
"An Act relating to insurance; amending Rule 402, Alaska Rules of
Evidence; and providing for an effective date."
MOVED SCS CSHB 184(JUD) OUT OF COMMITTEE
CS FOR HOUSE BILL NO. 152(RLS)
"An Act relating to brewpub licenses; and providing for an
effective date."
SCHEDULED BUT NOT HEARD
PREVIOUS COMMITTEE ACTION
HB 184 - See Judiciary minutes dated 5/4/01, 5/5/01, and 5/6/01.
HB 152 - See Labor and Commerce minutes dated 5/1/01 and
Judiciary minutes dated 5/5/01 and 5/6/01.
WITNESS REGISTER
Mr. Bob Lohr, Director
Division of Insurance
Department of Community & Economic Development
3601 C S
treet, Suite 1324
Anchorage, Alaska 99503-5948
POSITION STATEMENT: Supported HB 184
ACTION NARRATIVE
TAPE 01-34, SIDE A
Number 001
CHAIRMAN ROBIN TAYLOR called the Senate Judiciary Committee meeting
to order at 10:22 a.m. Chairman Taylor announced the first order
of business would be HB 184.
HB 184-INSURANCE CODE AMENDMENTS
CHAIRMAN TAYLOR stated there have been previous hearings on the
bill but it was held until the Director of the Division of
Insurance made changes. He moved the changes as Taylor amendment 1.
MR. BOB LOHR, Director Division of Insurance, explained that the
amendments direct the Division of Insurance to adopt commercial
deregulation regulations by July 1, 2002. The division would set up
a file and use system, which means that upon receipt of a filing
from certain insurer categories for filings that meet certain
standards, the division would not go through a review process
before the filings took effect. They would be informational filings
with the division.
This kind of system is used for accounts that are represented by
sophisticated purchasers. These are entities who want to buy
commercial insurance and have highly qualified staff and possibly
risk managers. They do not need the Division of Insurance consumer
protection the way residential and auto purchasers do because they
are well able to watch out for their own interests. Because of
their market power, they may be able to negotiate better policy
prices with an insurer. Standards of neither excessive not
inadequate for rates and language in the policy provision to be not
misleading would continue to apply for anyone below the threshold
chosen in these regulation.
In reviewing language, it appears that the division already has
authority to do this by order but this would mandate it be done by
regulation. The division supports this approach.
CHAIRMAN TAYLOR asked whether there was additional testimony or
objection to the amendment. There was none. Amendment 1 was
adopted.
SENATOR COWDERY moved SCS HB 184(JUD). There being no objection,
the bill moved from committee as amended.
The meeting was adjourned at 10:30 a.m.
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