Legislature(2013 - 2014)BELTZ 105 (TSBldg)

02/04/2014 01:30 PM LABOR & COMMERCE


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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+= SB 61 COMMERCIAL FISHING & AGRICULTURE BANK TELECONFERENCED
Heard & Held
+= SB 58 CANCEL INS. ON CERTAIN ABANDONED PROPERTY TELECONFERENCED
Heard & Held
+ Bills Previously Heard/Scheduled TELECONFERENCED
                    ALASKA STATE LEGISLATURE                                                                                  
          SENATE LABOR AND COMMERCE STANDING COMMITTEE                                                                        
                        February 4, 2014                                                                                        
                           1:33 p.m.                                                                                            
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Mike Dunleavy, Chair                                                                                                    
Senator Peter Micciche, Vice Chair                                                                                              
Senator Donald Olson                                                                                                            
Senator Bert Stedman                                                                                                            
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
Senator Johnny Ellis                                                                                                            
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
SENATE BILL NO. 61                                                                                                              
"An Act relating to the board, loans, records, and lobbying                                                                     
contracts of the Alaska Commercial Fishing and Agriculture Bank;                                                                
and providing for an effective date."                                                                                           
                                                                                                                                
     - HEARD & HELD                                                                                                             
                                                                                                                                
SENATE BILL NO. 58                                                                                                              
"An Act allowing an insurer to cancel an insurance policy if                                                                    
property becomes entirely abandoned and the abandonment                                                                         
increases the hazard insured against."                                                                                          
                                                                                                                                
     - HEARD & HELD                                                                                                             
                                                                                                                                
PREVIOUS COMMITTEE ACTION                                                                                                     
                                                                                                                                
BILL: SB  61                                                                                                                  
SHORT TITLE: COMMERCIAL FISHING & AGRICULTURE BANK                                                                              
SPONSOR(s): SENATOR(s) COGHILL                                                                                                  
                                                                                                                                
02/20/13       (S)       READ THE FIRST TIME - REFERRALS                                                                        
02/20/13       (S)       L&C                                                                                                    
04/04/13       (S)       L&C AT 5:00 PM BELTZ 105 (TSBldg)                                                                      
04/04/13       (S)       <Bill Hearing Canceled>                                                                                
02/04/14       (S)       L&C AT 1:30 PM BELTZ 105 (TSBldg)                                                                      
                                                                                                                                
BILL: SB  58                                                                                                                  
SHORT TITLE: CANCEL INS. ON CERTAIN ABANDONED PROPERTY                                                                          
SPONSOR(s): SENATOR(s) EGAN                                                                                                     
                                                                                                                                
02/15/13       (S)       READ THE FIRST TIME - REFERRALS                                                                        
02/15/13       (S)       L&C                                                                                                    
04/04/13       (S)       L&C AT 5:00 PM BELTZ 105 (TSBldg)                                                                      
04/04/13       (S)       Heard & Held                                                                                           
04/04/13       (S)       MINUTE(L&C)                                                                                            
02/04/14       (S)       L&C AT 1:30 PM BELTZ 105 (TSBldg)                                                                      
                                                                                                                                
WITNESS REGISTER                                                                                                              
                                                                                                                                
JORDAN SHILLING, Staff                                                                                                          
Senator John Coghill                                                                                                            
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION STATEMENT: Introduced SB 61 on behalf of the sponsor.                                                                
                                                                                                                                
LEA KLINGER, President                                                                                                          
Alaska Commercial Fishing and Agriculture Bank (CFAB)                                                                           
Anchorage, Alaska                                                                                                               
POSITION STATEMENT: Answered questions related to SB 61.                                                                      
                                                                                                                                
SENATOR DENNIS EGAN                                                                                                             
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION STATEMENT: Sponsor of SB 58.                                                                                         
                                                                                                                                
RUBEN WILLIS, representing himself                                                                                              
State Farm Insurance                                                                                                            
Juneau, Alaska                                                                                                                  
POSITION STATEMENT: Testified in support of SB 58.                                                                            
                                                                                                                                
SHELDON WINTERS, Lobbyist                                                                                                       
State Farm Insurance                                                                                                            
Juneau, Alaska                                                                                                                  
POSITION STATEMENT: Testified in support of SB 58.                                                                            
                                                                                                                                
ACTION NARRATIVE                                                                                                              
                                                                                                                                
1:33:21 PM                                                                                                                    
CHAIR  MIKE  DUNLEAVY  called  the   Senate  Labor  and  Commerce                                                             
Standing Committee meeting  to order at 1:33 p.m.  Present at the                                                               
call  to  order  were  Senators   Micciche,  Stedman,  and  Chair                                                               
Dunleavy. Senator Olson arrived soon thereafter.                                                                                
                                                                                                                                
          SB  61-COMMERCIAL FISHING & AGRICULTURE BANK                                                                      
                                                                                                                                
1:33:37 PM                                                                                                                    
CHAIR  DUNLEAVY announced  the consideration  of SB  61. "An  Act                                                               
relating to the board, loans,  records, and lobbying contracts of                                                               
the  Alaska   Commercial  Fishing   and  Agriculture   Bank;  and                                                               
providing for  an effective  date." He noted  this was  the first                                                               
hearing.                                                                                                                        
                                                                                                                                
1:34:47 PM                                                                                                                    
JORDAN SHILLING, Staff, Senator John Coghill, sponsor of SB 61,                                                                 
paraphrased the following sponsor statement to introduce the                                                                    
bill:                                                                                                                           
                                                                                                                                
     Senate Bill  61 will  strengthen the  Alaska Commercial                                                                    
     Fishing and Agriculture Bank's  (CFAB) ability to serve                                                                    
     its member-owners.                                                                                                         
                                                                                                                                
     CFAB was  created by the  legislature in 1980  with $32                                                                    
     million in seed  money to fulfill a  need for financing                                                                    
     the  commercial  agricultural and  fishing  industries.                                                                    
     For a variety of reasons,  one of which was the state's                                                                    
     financial  investment  in  CFAB,  certain  restrictions                                                                    
     were  put in  place,  such  as limits  on  the size  of                                                                    
     loans, and the prohibition  of their hiring a lobbyist.                                                                    
     CFAB has since paid back  the state's investment and is                                                                    
     now 100%  privately owned. CFAB is  financially healthy                                                                    
     and  has  been   operating  independently  for  several                                                                    
     years.   Therefore,  it   is  appropriate   that  these                                                                    
     restrictions be removed from statute.                                                                                      
                                                                                                                                
     SB 61 seeks  to provide equivalent loan  options to the                                                                    
     commercial  tourism  and  natural  resource  industries                                                                    
     currently  available to  other industries  CFAB serves.                                                                    
     It does this by  removing dollar restrictions for loans                                                                    
     made to  individuals or businesses seeking  these types                                                                    
     of loans while also  providing options for non-resident                                                                    
     owned  businesses  whose   facilities  are  located  in                                                                    
     Alaska  and who  employ Alaskans  and provide  economic                                                                    
     development within Alaska.                                                                                                 
                                                                                                                                
     SB  61  expands  the  eligibility  of  the  small  loan                                                                    
     program   to   include   loans  made   for   commercial                                                                    
     agriculture.  The bill  increases the  maximum size  of                                                                    
     these  small loans  and increases  the amount  of total                                                                    
     capital CFAB  can allocate to  the program. SB  61 also                                                                    
     deletes the  provision relating to  board compensation,                                                                    
     which  will instead  be  addressed  like other  private                                                                    
     companies in their bylaws.                                                                                                 
                                                                                                                                
1:35:19 PM                                                                                                                    
SENATOR OLSON joined the committee.                                                                                             
                                                                                                                                
1:37:06 PM                                                                                                                    
MR. SHILLING provided the following sectional analysis of SB 61:                                                                
                                                                                                                                
Section 1:                                                                                                                      
Paragraph (4) removes dollar limitations  for loans being used by                                                               
individuals for tourism within the state.                                                                                       
                                                                                                                                
Paragraph (5) removes dollar limitations  for loans being used by                                                               
corporations,  partnerships, or  limited liability  companies for                                                               
tourism within the state.                                                                                                       
                                                                                                                                
Paragraph (6) removes dollar limitations  for loans being used by                                                               
individuals for natural resource development.                                                                                   
                                                                                                                                
Paragraph (7) removes dollar limitations  for loans being used by                                                               
corporations,  partnerships, or  limited liability  companies for                                                               
natural resource development.                                                                                                   
                                                                                                                                
Paragraph  (8)  clarifies that  a  person  receiving a  loan  for                                                               
capital  investment or  operating capital  to a  shore-based fish                                                               
processor, a  timber processor, or  an agricultural  processor or                                                               
harvester  must meet  all requirements  except for  residency and                                                               
resident ownership requirements.                                                                                                
                                                                                                                                
Paragraph (10) adds new loans to nonresidents for a tourism-                                                                    
related  operation under  paragraphs  (15)-(16), and  development                                                               
and  exploitation of  natural  resources  under paragraphs  (17)-                                                               
(18), to loans secured by  liens subordinate to valid first liens                                                               
and security agreements granted to another creditor.                                                                            
                                                                                                                                
Paragraph (12) adds new loans to non-residents for a tourism-                                                                   
related  operation and  development  or  exploitation of  natural                                                               
resources,  to provisions  for CFAB  to participate  with another                                                               
bank without the obligor being a member of CFAB.                                                                                
                                                                                                                                
Paragraph (13)  allows CFAB to  purchase or participate  in loans                                                               
made under paragraphs  (15)-(18) from other lenders  for loans to                                                               
nonresidents whether or not an obligor is a member of the bank.                                                                 
                                                                                                                                
Paragraph   (15)  adds   a  new   subsection   that  allows   for                                                               
nonresidents to  receive loans  for a  tourism-related operation,                                                               
provided a facility of the operation  is located in the state and                                                               
the loan proceeds are used to commercially engage in the state.                                                                 
                                                                                                                                
Paragraph  (16)  adds   a  new  subsection  that   allows  for  a                                                               
corporation with nonresident majority  ownership to receive loans                                                               
for  tourism-related  activities,  provided  a  facility  of  the                                                               
operation  is  located  in  the   state,  the  loan  is  used  to                                                               
commercially  engage  in  the  state,   and  the  corporation  is                                                               
beneficially owned by residents of the United States.                                                                           
                                                                                                                                
Paragraph   (17)  adds   a  new   subsection   that  allows   for                                                               
nonresidents  to receive  loans dedicated  to the  development or                                                               
exploitation  of natural  resources, provided  a facility  of the                                                               
operation is located in the state  and the loan proceeds are used                                                               
to commercially engage in the state.                                                                                            
                                                                                                                                
Paragraph  (18)  adds   a  new  subsection  that   allows  for  a                                                               
corporation with nonresident majority  ownership to receive loans                                                               
dedicated  to   the  development   or  exploitation   of  natural                                                               
resources, provided  a facility  of the  operation is  located in                                                               
the state, the loan is used  to commercially engage in the state,                                                               
and the corporation is beneficially owned by residents of the                                                                   
United States.                                                                                                                  
                                                                                                                                
Section 2 includes commercial  agriculture among industries where                                                               
non-members are eligible to receive  small loans, with the intent                                                               
of facilitating  development in geographical areas  not conducive                                                               
to normal lending activities.                                                                                                   
                                                                                                                                
Section 3  increases the  allowable size of  small loans  to non-                                                               
members   for   the   purposes  of   commercial   fisheries   and                                                               
agriculture.                                                                                                                    
                                                                                                                                
Section 4  increases the proportion  of the bank's  total capital                                                               
that  can   be  allocated   to  small   loans  for   fishing  and                                                               
agriculture.                                                                                                                    
                                                                                                                                
Section 5  establishes a  new subsection allowing  for a  list of                                                               
voting  members of  the bank  to  be given  to member  candidates                                                               
seeking a position as director of the bank.                                                                                     
                                                                                                                                
Section 6 repeals restrictions on  board compensation and repeals                                                               
the prohibition of CFAB having a lobbyist.                                                                                      
                                                                                                                                
Section 7 establishes an immediate effective date.                                                                              
                                                                                                                                
1:40:57 PM                                                                                                                    
SENATOR MICCICHE noted that subsection  (c) in Section 4 says the                                                               
loans may not exceed 25 percent  of the total capital of the bank                                                               
yet paragraph  (14) in Section 1  limits the total assets  to the                                                               
bank  to  cumulatively involving  less  than  20 percent  of  any                                                               
particular commercial fishery. He asked  why Section 4 goes above                                                               
that established cap.                                                                                                           
                                                                                                                                
MR. SHILLING deferred the question to the president of CFAB.                                                                    
                                                                                                                                
1:41:57 PM                                                                                                                    
LEA   KLINGER,   President,   Alaska   Commercial   Fishing   and                                                               
Agriculture Bank (CFAB), introduced herself.                                                                                    
                                                                                                                                
SENATOR MICCICHE restated  the question, and noted  that he spoke                                                               
with Ms. Klinger before the meeting.                                                                                            
                                                                                                                                
MS. KLINGER explained that the loans  in Section 4 would be under                                                               
the  20 percent  cap  because  those small  loans  relate to  the                                                               
individual fishery.  The purpose of  that part of the  statute is                                                               
to allow CFAB to make loans  to the smaller operators who find it                                                               
cost prohibitive  to be a member  of the bank. This  affords CFAB                                                               
the  ability  to  make  these  loans in  a  more  cost  effective                                                               
fashion.                                                                                                                        
                                                                                                                                
SENATOR  MICCICHE, noting  that  the bill  increases the  maximum                                                               
loan amount  to $50,000 per  individual, commented that  it would                                                               
be  extremely unlikely  that CFAB  would loan  25 percent  of $32                                                               
million in $50,000 increments.                                                                                                  
                                                                                                                                
MS. KLINGER agreed.                                                                                                             
                                                                                                                                
CHAIR DUNLEAVY  asked if opening  the door to  nonresidents would                                                               
create competition for residents to access capital.                                                                             
                                                                                                                                
MS. KLINGER said  she didn't believe so  because residents aren't                                                               
excluded from continuing to borrow.                                                                                             
                                                                                                                                
CHAIR DUNLEAVY  asked why CFAB made  the decision to ask  for the                                                               
ability to make loans to nonresidents.                                                                                          
                                                                                                                                
MS. KLINGER  explained that CFAB is  unable to lend to  an entity                                                               
that is  not entirely  domiciled and  owned by  Alaska residents.                                                               
This  excludes entities  such as  family  corporations that  have                                                               
members who  live in  Alaska and operate  the business,  but also                                                               
have family members who live in another state.                                                                                  
                                                                                                                                
1:45:50 PM                                                                                                                    
MR. SHILLING continued the sectional analysis.                                                                                  
                                                                                                                                
Section 6 repeals restrictions on  board compensation and repeals                                                               
the prohibition on CFAB having a lobbyist.                                                                                      
                                                                                                                                
Section 7 establishes an immediate effective date.                                                                              
                                                                                                                                
SENATOR  MICCICHE asked  why  CFAB  hasn't been  able  to have  a                                                               
lobbyist in the past.                                                                                                           
                                                                                                                                
MS. KLINGER said  that state funds were used to  create CFAB, but                                                               
those funds have since been paid back.                                                                                          
                                                                                                                                
SENATOR  MICCICHE  questioned  why  the principal  has  grown  so                                                               
little since the  legislature invested $32 million  in seed money                                                               
in 1980.                                                                                                                        
                                                                                                                                
MS. KLINGER stated  that CFAB's assets are about  $34 million and                                                               
its capital  is just under  $20 million; each year  the portfolio                                                               
grows and  then shrinks as loan  payments come in. She  said that                                                               
CFAB doesn't have much opportunity  to grow because its market is                                                               
defined, and it has both public and private competition.                                                                        
                                                                                                                                
1:49:02 PM                                                                                                                    
CHAIR DUNLEAVY opened public testimony.                                                                                         
                                                                                                                                
SENATOR MICCICHE asked if there was any opposition to the bill.                                                                 
                                                                                                                                
MR. SHILLING said not to date.                                                                                                  
                                                                                                                                
CHAIR DUNLEAVY  announced he  would hold SB  61 in  committee and                                                               
keep public testimony open.                                                                                                     
                                                                                                                                
1:49:43 PM                                                                                                                    
At ease                                                                                                                         
                                                                                                                                
        SB  58-CANCEL INS. ON CERTAIN ABANDONED PROPERTY                                                                    
                                                                                                                                
1:51:46 PM                                                                                                                    
CHAIR  DUNLEAVY   reconvened  the   meeting  and   announced  the                                                               
consideration of SB 58. "An Act  allowing an insurer to cancel an                                                               
insurance policy  if property becomes entirely  abandoned and the                                                               
abandonment increases the hazard  insured against." He noted that                                                               
the bill received one hearing at the end of last session.                                                                       
                                                                                                                                
1:52:09 PM                                                                                                                    
SENATOR DENNIS EGAN, sponsor of SB 58, read the following                                                                       
sponsor statement into the record:                                                                                              
                                                                                                                                
     SB 58 clarifies that insurance  can be cancelled when a                                                                    
     property   owner   abandons   the   property,   thereby                                                                    
     increasing a hazard covered by the insurance.                                                                              
                                                                                                                                
     AS  21.36.210 lists  allowable  reasons for  cancelling                                                                    
     personal insurance,  including a grossly  negligent act                                                                    
     by  the insured  that  increases a  covered hazard  and                                                                    
     physical changes  in the  insured property  that result                                                                    
     in the  property becoming uninsurable. As  this statute                                                                    
     is  currently written,  it is  not clear  whether these                                                                    
     reasons would  include abandonment  of the  property by                                                                    
     the insured.                                                                                                               
                                                                                                                                
     Homeowners  insurance  is  underwritten  based  on  the                                                                    
     property  generally being  occupied. An  abandoned home                                                                    
     greatly increases  the risk of  damage beyond  what was                                                                    
     contemplated  in  the   insurance  contract,  including                                                                    
     damage  caused by  vandalism,  broken  water pipes  and                                                                    
     fire. Cancellation  of insurance  when the  property is                                                                    
     abandoned is  necessary to  manage insurance  costs for                                                                    
     all consumers.                                                                                                             
                                                                                                                                
     SB  58 clarifies  that insurance  on property  that has                                                                    
     been entirely abandoned can be  cancelled in Alaska, as                                                                    
     it can  in all other  states. However, it  is important                                                                    
     to   note  that   SB  58   would  establish   the  most                                                                    
     restrictive   circumstances   in   the   country.   For                                                                    
     instance, thirty  days advance  written notice  must be                                                                    
     given  to the  insured  and any  lender  on record.  In                                                                    
     addition,  insurance  cannot  be  cancelled  where  the                                                                    
     owner   demonstrates  that   the   property  is   being                                                                    
     reasonably   maintained  and   monitored.   SB  58   is                                                                    
     responsible  legislation   that  helps   manage  claims                                                                    
     costs,  the  risk  pool  and   the  cost  of  insurance                                                                    
     coverage for Alaska homeowners.                                                                                            
                                                                                                                                
1:54:19 PM                                                                                                                    
SENATOR OLSON asked how the abandonment provision affects a                                                                     
property that is mortgaged.                                                                                                     
                                                                                                                                
SHELDON WINTERS, Lobbyist, State  Farm Insurance, Juneau, Alaska,                                                               
explained that  the insurance company would  provide the required                                                               
30-day  notice of  cancelation to  the owner.  SB 58  provides an                                                               
added  protection that  requires  the insurance  company to  send                                                               
notice of cancellation  to any lender of record that  it is aware                                                               
of.                                                                                                                             
                                                                                                                                
SENATOR  OLSON   asked  how  many   other  states   have  similar                                                               
legislation.                                                                                                                    
                                                                                                                                
MR.  WINTERS offered  his understanding  that every  state has  a                                                               
cancellation  statute.  Some  statutes   are  more  complex  than                                                               
others, but in no state other  than Alaska has State Farm had any                                                               
concern  about  the  ability  to  cancel  a  policy  on  entirely                                                               
abandoned property. The  issue arose in Alaska  when the Division                                                               
of Insurance said that under  a strict interpretation the current                                                               
statute  would not  allow cancelation  even if  the property  was                                                               
entirely abandoned. He highlighted  that SB 58 builds protections                                                               
into the  statute to make sure  that it only applies  to property                                                               
that is unquestionably abandoned.                                                                                               
                                                                                                                                
1:59:31 PM                                                                                                                    
SENATOR MICCICHE  posed a hypothetical  scenario similar  to what                                                               
happened in the  late 1980s when a lot of  rental properties were                                                               
vacant for long  periods. He asked how the bill  would affect him                                                               
as owner of that abandoned rental.                                                                                              
                                                                                                                                
MR. WINTERS said  his understanding is that this  only applies to                                                               
personal  insurance which  means fewer  than four  units. If  the                                                               
rental falls under personal insurance,  abandonment is defined as                                                               
nobody  living  there  as intended  in  the  insurance  contract.                                                               
Vacancy   between   rentals  wouldn't   constitute   abandonment.                                                               
Abandonment is when the property  is vacant, uncared for, and not                                                               
maintained.  He  said  it's counterintuitive  to  think  that  an                                                               
insurance company would  want to cancel the insurance  on a piece                                                               
of property without a significant reason.                                                                                       
                                                                                                                                
2:01:29 PM                                                                                                                    
CHAIR DUNLEAVY opened public testimony.                                                                                         
                                                                                                                                
2:01:39 PM                                                                                                                    
RUBEN  WILLIS,   representing  himself,  State   Farm  Insurance,                                                               
Juneau, Alaska, related  his experience as an  insurance agent in                                                               
Alaska.  He  stated  support  for  SB  58  as  a  means  of  risk                                                               
management. If risk changes  substantially, it's appropriate that                                                               
the cost isn't  passed on to people who are  taking care of their                                                               
homes  and  properties. He  described  the  process he  would  go                                                               
through  to contact  the owner  if an  insured property  appeared                                                               
abandoned.                                                                                                                      
                                                                                                                                
2:04:00 PM                                                                                                                    
SENATOR OLSON  asked how long  it would take before  an insurance                                                               
company would consider a vacant property abandoned.                                                                             
                                                                                                                                
MR. WILLIS clarified  that State Farm hasn't  canceled anyone for                                                               
abandoned property yet because it  hasn't been an option, but the                                                               
most likely scenario is that he  would find out directly from the                                                               
insured.                                                                                                                        
                                                                                                                                
SENATOR OLSON restated the question about timeframes.                                                                           
                                                                                                                                
MR. WILLIS deferred to Mr. Winters.                                                                                             
                                                                                                                                
2:05:56 PM                                                                                                                    
MR.  WINTERS  said  there  was some  discussion  early  on  about                                                               
putting  in a  timeframe so  people would  have a  guide, but  no                                                               
other state does that because  it's too restrictive. He cited the                                                               
example  of  an  abandoned  house in  Fairbanks  in  the  winter.                                                               
However, with realtors'  assistance the language in  the bill was                                                               
narrowed  to cover  only clearly  abandoned property.  Even after                                                               
the notice goes  out, the owner or their  representative can show                                                               
the  agent that  the property  is being  cared for  and it's  not                                                               
deemed  abandoned. In  addition to  the safeguards  in the  bill,                                                               
oversight by the Division of  Insurance provides another layer of                                                               
protection to property owners.                                                                                                  
                                                                                                                                
SENATOR OLSON asked  how many of his clients are  not on the road                                                               
system.                                                                                                                         
                                                                                                                                
MR. WILLIS estimated less than 25.                                                                                              
                                                                                                                                
SENATOR  OLSON asked  if an  insurance company  could cancel  the                                                               
insurance if a homeowner went to  Acapulco for most of the winter                                                               
and  their  vacant  house  froze  up even  though  a  friend  was                                                               
overseeing the property.                                                                                                        
                                                                                                                                
MR.  WINTERS  said  that  property  is  not  entirely  abandoned.                                                               
Moreover, the bill does not  allow an insurance company to cancel                                                               
a policy  after a claim  is made.  The bill addresses  a property                                                               
that no longer fits within the risk pool.                                                                                       
                                                                                                                                
SENATOR  MICCICHE  asked  how recreational  cabins  fit  in  this                                                               
category, assuming they're insured.                                                                                             
                                                                                                                                
2:12:07 PM                                                                                                                    
MR.  WINTERS  said  those  too would  be  protected  because  the                                                               
insurance   is  defined   by  the   policy.   By  definition,   a                                                               
recreational cabin  is likely to  be vacant for  extended periods                                                               
of time, but that doesn't mean abandoned. He added the caution                                                                  
that an insured home has to be occupied or have somebody taking                                                                 
care of it.                                                                                                                     
                                                                                                                                
CHAIR DUNLEAVY kept public testimony open and held SB 58 in                                                                     
committee.                                                                                                                      
                                                                                                                                
2:13:15 PM                                                                                                                    
There being no further business to come before the committee,                                                                   
Chair Dunleavy adjourned the Senate Labor and Commerce Committee                                                                
meeting at 2:13 p.m.                                                                                                            

Document Name Date/Time Subjects
SB0058A.pdf SL&C 2/4/2014 1:30:00 PM
SB 58
SB 58 Sponsor Statement.pdf SL&C 2/4/2014 1:30:00 PM
SB 58
SB 58 State Farm Hand-out.pdf SL&C 2/4/2014 1:30:00 PM
SB 58
SB 58 email supporting - Babcock 022013.PDF SL&C 2/4/2014 1:30:00 PM
SB 58
SB 58 lttr supporting - Winters 022113.pdf SL&C 2/4/2014 1:30:00 PM
SB 58
SB 58 NAMIC's written testimony 020114.pdf SL&C 2/4/2014 1:30:00 PM
SB 58
SB58_Support_Letter- Brine 040413.pdf SL&C 2/4/2014 1:30:00 PM
SB 58
SB058-DCCED-DOI-01-21-14.pdf SL&C 2/4/2014 1:30:00 PM
SB 58
SB61_bill_text.PDF SL&C 2/4/2014 1:30:00 PM
SB 61
SB61_sponsor_statement.PDF SL&C 2/4/2014 1:30:00 PM
SB 61
SB61_sectional_analysis.PDF SL&C 2/4/2014 1:30:00 PM
SB 61
SB61_Support_letters_CFAB.pdf SL&C 2/4/2014 1:30:00 PM
SB 61
SB61_Support_Letter_ATIA.pdf SL&C 2/4/2014 1:30:00 PM
SB 61
SB061-DCCED-DBS-01-21-14.pdf SL&C 2/4/2014 1:30:00 PM
SB 61