Legislature(2019 - 2020)BELTZ 105 (TSBldg)

05/10/2019 01:30 PM LABOR & COMMERCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+= SB 106 HOMEOWNER/RENTER INSURANCE RENEWAL TELECONFERENCED
Moved CSSB 106(L&C) Out of Committee
-- Testimony <Invitation Only> --
*+ HB 104 MORTGAGE LOAN ORIGINATOR LICENSING TELECONFERENCED
Heard & Held
-- Public Testimony --
                    ALASKA STATE LEGISLATURE                                                                                  
          SENATE LABOR AND COMMERCE STANDING COMMITTEE                                                                        
                          May 10, 2019                                                                                          
                           1:30 p.m.                                                                                            
                                                                                                                                
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Lora Reinbold, Chair                                                                                                    
Senator Mia Costello, Vice Chair                                                                                                
Senator Click Bishop                                                                                                            
Senator Chris Birch                                                                                                             
Senator Elvi Gray-Jackson                                                                                                       
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
All members present                                                                                                             
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
SENATE BILL NO. 106                                                                                                             
"An Act relating to renewal of insurance coverage for homeowners                                                                
and renters; and providing for an effective date."                                                                              
                                                                                                                                
     - MOVED CSSB 106(L&C) OUT OF COMMITTEE                                                                                     
                                                                                                                                
COMMITTEE SUBSTITUTE FOR HOUSE BILL NO. 104(L&C) AM                                                                             
"An Act relating to exemptions from mortgage lender, mortgage                                                                   
broker, and mortgage loan originator licensing requirements; and                                                                
providing for an effective date."                                                                                               
                                                                                                                                
     - HEARD & HELD                                                                                                             
                                                                                                                                
PREVIOUS COMMITTEE ACTION                                                                                                     
                                                                                                                                
BILL: SB 106                                                                                                                  
SHORT TITLE: HOMEOWNER/RENTER INSURANCE RENEWAL                                                                                 
SPONSOR(s): SENATOR(s) BEGICH                                                                                                   
                                                                                                                                
04/10/19       (S)       READ THE FIRST TIME - REFERRALS                                                                        
04/10/19       (S)       L&C                                                                                                    
05/07/19       (S)       L&C AT 1:30 PM BELTZ 105 (TSBldg)                                                                      
05/07/19       (S)       Heard & Held                                                                                           
05/07/19       (S)       MINUTE(L&C)                                                                                            
05/09/19       (S)       L&C AT 1:30 PM BELTZ 105 (TSBldg)                                                                      
05/09/19       (S)       Heard & Held                                                                                           
05/09/19       (S)       MINUTE(L&C)                                                                                            
05/10/19       (S)       L&C AT 1:30 PM BELTZ 105 (TSBldg)                                                                      
                                                                                                                                
BILL: HB 104                                                                                                                  
SHORT TITLE: MORTGAGE LOAN ORIGINATOR LICENSING                                                                                 
SPONSOR(s): REPRESENTATIVE(s) WILSON                                                                                            
                                                                                                                                
03/25/19       (H)       READ THE FIRST TIME - REFERRALS                                                                        
03/25/19       (H)       L&C                                                                                                    
04/10/19       (H)       L&C AT 3:15 PM BARNES 124                                                                              
04/10/19       (H)       Bills Previously Heard/Scheduled                                                                       
04/17/19       (H)       L&C AT 3:15 PM BARNES 124                                                                              
04/17/19       (H)       EXTEND BOARD OF MARINE PILOTS                                                                          
04/26/19       (H)       L&C AT 3:15 PM BARNES 124                                                                              
04/26/19       (H)       Heard & Held                                                                                           
04/26/19       (H)       MINUTE(L&C)                                                                                            
04/29/19       (H)       L&C AT 3:15 PM BARNES 124                                                                              
04/29/19       (H)       Moved CSHB 104(L&C) Out of Committee                                                                   
04/29/19       (H)       MINUTE(L&C)                                                                                            
05/01/19       (H)       L&C RPT CS(L&C) NT 2DP 5NR                                                                             
05/01/19       (H)       DP: HANNAN, LEDOUX                                                                                     
05/01/19       (H)       NR: REVAK, STUTES, TALERICO, FIELDS,                                                                   
                         WOOL                                                                                                   
05/10/19       (S)       L&C AT 1:30 PM BELTZ 105 (TSBldg)                                                                      
                                                                                                                                
                                                                                                                                
WITNESS REGISTER                                                                                                              
                                                                                                                                
SENATOR TOM BEGICH                                                                                                              
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION STATEMENT: Testified as sponsor on SB 106.                                                                           
                                                                                                                                
REPRESENTATIVE TAMMIE WILSON                                                                                                    
Alaska State Legislature                                                                                                        
Juneau, Alaska                                                                                                                  
POSITION STATEMENT: Testified as sponsor of HB 104.                                                                           
                                                                                                                                
PATRICE WALSH, Director                                                                                                         
Division of Banking and Securities                                                                                              
Department of Commerce, Community and Economic Development                                                                      
(DCCED)                                                                                                                         
Anchorage, Alaska                                                                                                               
POSITION STATEMENT: Testified in support of HB 104.                                                                           
                                                                                                                                
NADINE WINTERS, Executive Director                                                                                              
Fairbanks Neighborhood Housing Service (FNHS)                                                                                   
Fairbanks, Alaska                                                                                                               
POSITION STATEMENT: Testified in support of HB 104.                                                                           
                                                                                                                                
STACY HARVILL, Associate Broker                                                                                                 
Liaison                                                                                                                         
Legislative Committee                                                                                                           
Alaska Association of Realtors                                                                                                  
Fairbanks, Alaska                                                                                                               
POSITION STATEMENT: Testified in support of HB 104.                                                                           
                                                                                                                                
                                                                                                                                
ACTION NARRATIVE                                                                                                              
                                                                                                                                
1:30:52 PM                                                                                                                    
CHAIR  LORA  REINBOLD  called  the   Senate  Labor  and  Commerce                                                             
Standing Committee meeting  to order at 1:30 p.m.  Present at the                                                               
call  to order  were Senators  Costello, Gray-Jackson,  Birch and                                                               
Chair Reinbold.                                                                                                                 
                                                                                                                                
           SB 106-HOMEOWNER/RENTER INSURANCE RENEWAL                                                                        
                                                                                                                                
1:32:04 PM                                                                                                                    
CHAIR REINBOLD announced  that the first order  of business would                                                               
be SENATE BILL NO. 106, "An  Act relating to renewal of insurance                                                               
coverage  for  homeowners  and  renters;  and  providing  for  an                                                               
effective date."                                                                                                                
                                                                                                                                
{Before the committee was the  proposed committee substitute (CS)                                                               
for SB 106(  ), 31-LS0476\M, Version M.]                                                                                        
                                                                                                                                
1:32:31 PM                                                                                                                    
SENATOR COSTELLO  explained that  her amendment would  have added                                                               
in commercial businesses. She said  that she has held discussions                                                               
but has decided  not to incorporate her amendment  into the bill.                                                               
She thanked the sponsor for working with her on this matter.                                                                    
                                                                                                                                
1:33:35 PM                                                                                                                    
SENATOR COSTELLO withdrew Amendment  1, work order M.2 previously                                                               
adopted at  the 5/9/19 meeting,  work order  31-LS0476\M.2, Marx,                                                               
5/8/19.                                                                                                                         
                          AMENDMENT 1                                                                                       
                                                                                                                                
     OFFERED IN THE SENATE                  BY SENATOR COSTELLO                                                                 
     TO:  CSSB 106(   ), Draft Version "M"                                                                                      
                                                                                                                                
                                                                                                                                
     Page 1, line 1, following "Act":                                                                                         
          Insert "relating to cancellation and renewal of                                                                     
     commercial property insurance coverage;"                                                                                 
                                                                                                                                
     Page 1, following line 3:                                                                                                  
     Insert a new bill section to read:                                                                                         
        "* Section  1. AS 21.36.210 is  amended by  adding a                                                                
     new subsection to read:                                                                                                    
          (g)  An insurer may not exercise its right to                                                                         
     cancel  a  policy   of  commercial  property  insurance                                                                    
     solely based on notice, receipt,  or payment of a claim                                                                    
     under the  policy unless the  insurer has paid  a claim                                                                    
     under   the  policy   within   the  three-year   period                                                                    
     immediately   preceding   the   notice,   receipt,   or                                                                    
     payment."                                                                                                                  
                                                                                                                                
     Page 1, line 4:                                                                                                            
          Delete "Section 1"                                                                                                  
          Insert "Sec. 2"                                                                                                     
                                                                                                                                
     Renumber the following bill sections accordingly.                                                                          
                                                                                                                                
     Page 2, line 12, following "homeowner's":                                                                                  
          Insert "or commercial property"                                                                                       
                                                                                                                                
     Page 3, following line 13:                                                                                                 
     Insert a new bill section to read:                                                                                         
        "* Sec. 5.  AS 21.36.310 is amended by  adding a new                                                                
     paragraph to read:                                                                                                         
               (6)  "commercial property insurance" means                                                                       
     property  insurance as  described in  AS 21.12.060 that                                                                    
     is  "business or  commercial insurance"  as defined  in                                                                    
     this section."                                                                                                             
                                                                                                                                
     Renumber the following bill sections accordingly.                                                                          
                                                                                                                                
     Page 3, lines 16 - 18:                                                                                                     
          Delete all material and insert:                                                                                       
          "APPLICABILITY. AS 21.36.210(g), enacted by sec.                                                                      
     1 of this Act, AS 21.36.240,  as amended by secs. 2 and                                                                    
     3 of  this Act, AS 21.36.310(4),  as amended by  sec. 4                                                                    
     of this Act, and AS 21.36.310(6),  enacted by sec. 5 of                                                                    
     this  Act, apply  to an  insurance  policy or  contract                                                                    
     entered into or renewed on  or after the effective date                                                                    
     of secs. 1 - 5 of this Act."                                                                                               
                                                                                                                                
     Page 3, line 25:                                                                                                           
          Delete "Section 5"                                                                                                    
          Insert "Section 7"                                                                                                    
                                                                                                                                
     Page 3, line 26:                                                                                                           
          Delete "sec. 6"                                                                                                       
          Insert "sec. 8"                                                                                                       
                                                                                                                                
CHAIR REINBOLD  asked to place  on the record that  the committee                                                               
received letters  of opposition from the  National Association of                                                               
Mutual Insurance  Companies, and  the American  Property Casualty                                                               
Insurance  Association  to  Amendment  1.  She  understood  their                                                               
concerns.  However,  this  matter  needs to  be  addressed.  Many                                                               
businesses in her  community want to close down due  to theft and                                                               
crime. She urged everyone to  work together with local businesses                                                               
and insurance companies  to reduce the rampant  theft in Alaska's                                                               
communities.                                                                                                                    
                                                                                                                                
CHAIR REINBOLD removed her objection.                                                                                           
                                                                                                                                
Amendment 1, previously adopted, was withdrawn.                                                                                 
                                                                                                                                
1:35:20 PM                                                                                                                    
CHAIR  REINBOLD  moved  to  adopt Amendment  2,  work  order  31-                                                               
LS0476\M.4, Marx, 5/9/19.                                                                                                       
                                                                                                                                
                          AMENDMENT 2                                                                                       
                                                                                                                                
                                                                                                                                
OFFERED IN THE SENATE                       BY SENATOR REINBOLD                                                                 
     TO:  CSSB 106(   ), Draft Version "M"                                                                                      
                                                                                                                                
                                                                                                                                
     Page 2, lines 11 - 15:                                                                                                     
                                                                                                                                
     Delete all material and insert:                                                                                            
          "(b)  In addition to the requirements in (a) of this                                                                  
     section,  an insurer  may not  fail to  renew a  homeowner's                                                               
     insurance policy based solely on  the earliest claim made by                                                               
     the  insured   within  the  three-year   period  immediately                                                               
     preceding  the  policy's  annual anniversary  if  the  claim                                                               
     arises from  a criminal act  committed by a third  party. In                                                               
     this subsection,  "homeowner's insurance"  includes coverage                                                               
     described in AS 21.36.460(i)(7)(B) and (C)."                                                                               
                                                                                                                                
SENATOR COSTELLO objected for discussion purposes.                                                                              
                                                                                                                                
CHAIR REINBOLD read Amendment 2.                                                                                                
                                                                                                                                
1:36:19 PM                                                                                                                    
SENATOR TOM  BEGICH, Alaska State Legislature,  Juneau, explained                                                               
that  the two  changes in  Amendment  2 were  worked out  through                                                               
discussions  with  the  insurance industry.  First,  Amendment  2                                                               
would  ensure  that  failure to  renew  a  homeowner's  insurance                                                               
policy  is  not based  solely  on  the  earliest claim  made.  He                                                               
characterized  it  as giving  the  insurance  agency little  more                                                               
flexibility related to issues outside  of the scope of a criminal                                                               
act. He said  that Amendment 2 narrowed it down  to criminal acts                                                               
committed  by a  third party.  He clarified  that a  criminal act                                                               
could be committed by a party within  a home and a claim could be                                                               
made.  However,  that is  a  different  issue entirely.  In  this                                                               
instance  it relates  to  situations  in which  a  person is  the                                                               
victim of  a crime  that the  person was unaware  of. He  said he                                                               
wholly supports  this amendment.  He encouraged members  to adopt                                                               
the amendment.                                                                                                                  
                                                                                                                                
1:37:42 PM                                                                                                                    
SENATOR  BIRCH raised  a procedural  question.  He asked  whether                                                               
action the committee took at the  last hearing on Amendment 1 was                                                               
rescinded.                                                                                                                      
                                                                                                                                
1:38:34 PM                                                                                                                    
SENATOR  COSTELLO   pointed  out  Amendment  2   was  before  the                                                               
committee.                                                                                                                      
                                                                                                                                
CHAIR REINBOLD asked members to  consider the motion before them,                                                               
which is Amendment 2.                                                                                                           
                                                                                                                                
SENATOR COSTELLO withdrew her objection.                                                                                        
                                                                                                                                
1:38:47 PM                                                                                                                    
SENATOR  BIRCH clarified  that this  limits it  to criminal  acts                                                               
committed by a third party, which is a fairly narrow limit.                                                                     
                                                                                                                                
SENATOR BEGICH answered that is correct.                                                                                        
                                                                                                                                
CHAIR REINBOLD  heard no further  objections and Amendment  2 was                                                               
adopted.                                                                                                                        
                                                                                                                                
CHAIR  REINBOLD solicited  a motion  to  rescind the  committee's                                                               
action on Amendment 1.                                                                                                          
                                                                                                                                
1:39:35 PM                                                                                                                    
SENATOR COSTELLO made a motion  to rescind the committee's action                                                               
to  adopt Amendment  1, work  order 31-LS0476\M.2,  Marx, 5/8/19,                                                               
which was previously adopted by the committee on 5/19/19.                                                                       
                                                                                                                                
There being no objection, the  Senate Labor and Commerce Standing                                                               
Committee's action to adopt Amendment 1 was rescinded.                                                                          
                                                                                                                                
CHAIR  REINBOLD indicated  SB  106, as  amended,  was before  the                                                               
committee.                                                                                                                      
                                                                                                                                
1:39:55 PM                                                                                                                    
SENATOR COSTELLO moved to report  SB 106, work order 31-LS0476\M,                                                               
as amended,  from committee  with individual  recommendations and                                                               
attached fiscal note.                                                                                                           
                                                                                                                                
CHAIR REINBOLD  found no objection  and the  committee substitute                                                               
for SB 106 (L&C) was reported  from the Senate Labor and Commerce                                                               
Standing Committee Standing Committee.                                                                                          
                                                                                                                                
1:40:35 PM                                                                                                                    
At-ease.                                                                                                                        
                                                                                                                                
           HB 104-MORTGAGE LOAN ORIGINATOR LICENSING                                                                        
                                                                                                                                
1:43:26 PM                                                                                                                    
CHAIR  REINBOLD reconvened  the  meeting and  announced that  the                                                               
final order of  business would be CS FOR HOUSE  BILL NO. 104(L&C)                                                               
am,  "An  Act  relating  to   exemptions  from  mortgage  lender,                                                               
mortgage   broker,  and   mortgage   loan  originator   licensing                                                               
requirements; and providing for an effective date."                                                                             
                                                                                                                                
1:44:05 PM                                                                                                                    
REPRESENTATIVE TAMMIE  WILSON, Alaska State  Legislature, Juneau,                                                               
paraphrased from her  sponsor statement on HB 104,  which read as                                                               
follows:                                                                                                                        
                                                                                                                                
     The current Alaska SAFE Act  allows a seller to finance                                                                    
     his or  her residence.  If a person  had more  than one                                                                    
     residence (a  second home for example)  they could sell                                                                    
     and finance  it themselves  without a license  under AS                                                                    
     06.60.015(b)(3). If the second home  had been rented it                                                                    
     would be  considered an income property  and the seller                                                                    
     would be  required to have  a mortgage  loan originator                                                                    
     license in order to seller finance it.                                                                                     
                                                                                                                                
      CSHB104(L&C)  would allow  a person  to seller-finance                                                                    
     up to 5 of their own  properties which are secured by a                                                                    
     dwelling, whether  they are an income  property or not.                                                                    
     Interior and more rural  community property owners have                                                                    
     parcels  with trailers  or cabins  on  them; some  with                                                                    
     water  and  electric,  some  without.  These  types  of                                                                    
     properties  are   historically  difficult   to  finance                                                                    
     through  the  traditional  mortgage  process  and  many                                                                    
     times  lenders require  more money  down, shorter  loan                                                                    
     terms, higher  interest rates, and in  some cases, will                                                                    
     not finance them  at all. Those wishing to  take on the                                                                    
     responsibility  of home  ownership and  establish roots                                                                    
     in the community may find,  for many reasons, that they                                                                    
     do  not  qualify  for a  traditional  mortgage.  Seller                                                                    
     financing is another tool that  can be utilized to make                                                                    
     it affordable for one to  realize their dream of having                                                                    
     a  place  they  can  finally call  their  home.  Seller                                                                    
     financing  is a  reasonable  and  practical option  for                                                                    
     both sellers and buyers of these type properties.                                                                          
                                                                                                                                
     CSHB 104 would  give more opportunity for  the dream of                                                                    
     home  ownership  to  those   who  might  not  otherwise                                                                    
     realize it  and would  relieve the financial  burden of                                                                    
     bona fide  non-profit organizations  assisting Alaskans                                                                    
     in making their dream come true.                                                                                           
                                                                                                                                
1:46:09 PM                                                                                                                    
REPRESENTATIVE WILSON  said that she discovered  that many people                                                               
are doing  seller financing with their  income property believing                                                               
that it was  legal in Alaska to do so.  Unfortunately, one person                                                               
found out through the court system  that it is not. She said that                                                               
she discovered  it was an  issue throughout Alaska.  She remarked                                                               
that  very few  people believed  it  was not  possible to  seller                                                               
finance properties. For  example, a person might rent  a home for                                                               
five years and decide to purchase  it but could not do so without                                                               
having a mortgage loan originator  license. This bill would allow                                                               
people to self-finance their residential loan.                                                                                  
                                                                                                                                
1:46:52 PM                                                                                                                    
SENATOR  COSTELLO clarified  that the  bill before  the committee                                                               
was  the committee  substitute (CS)  for  HB 104  (L&C) am,  work                                                               
order   LS0275/S.A.  Chair   Reinbold  objected   for  discussion                                                               
purposes.                                                                                                                       
                                                                                                                                
1:47:32 PM                                                                                                                    
CHAIR REINBOLD opened public testimony on HB 104.                                                                               
                                                                                                                                
1:47:51 PM                                                                                                                    
PATRICE  WALSH, Director,  Division  of  Banking and  Securities,                                                               
Department  of  Commerce,   Community  and  Economic  Development                                                               
(DCCED), Anchorage, stated the division's support for the bill.                                                                 
                                                                                                                                
1:49:00 PM                                                                                                                    
NADINE  WINTERS,   Executive  Director,   Fairbanks  Neighborhood                                                               
Housing Service  (FNHS), Fairbanks, spoke  in support of  HB 104.                                                               
She  stated  that FNHS  provides  affordable  rental housing  and                                                               
provides second  mortgage payment assistance  for income-eligible                                                               
first-time home  buyers. The FNHS specifically  supports the non-                                                               
profit  exemption  provision.   Although  the  organization  only                                                               
provides mission-driven  second mortgages under market  rates, it                                                               
is  regulated like  a bank  that does  first mortgages  at market                                                               
rate. As  a small  organization, it can  be difficult  to comply.                                                               
For example, last  year the FNHS closed 13 loans  at zero percent                                                               
through  a  federal  funding  source  targeted  specifically  for                                                               
people  who  are  at  80   percent  of  area-median  income.  She                                                               
characterized  their  organization  as a  mission-driven  process                                                               
whose funders specifically direct what can and cannot be done.                                                                  
                                                                                                                                
She said that  having another layer of regulation  is onerous and                                                               
problematic  for them.  The federal  Secure and  Fair Enforcement                                                               
for Mortgage  Licensing (SAFE) Act  was amended in 2010  to allow                                                               
states to exempt nonprofits such  as theirs. She reported that 22                                                               
states have  an exemption and  24 states have  conditions similar                                                               
to ones in HB 104.                                                                                                              
                                                                                                                                
MS.  WINTERS reiterated  support for  the bill,  stating that  it                                                               
would be  immensely helpful. She  predicted it would  impact four                                                               
or five other  non-profits that do the same thing.  The FNHS does                                                               
not  compete  with  banks  since it  offers  a  totally  separate                                                               
product.  In  fact, FNHS  actually  enhances  what the  banks  do                                                               
because with the closing costs  and down payment assistance, more                                                               
people can afford to buy homes.                                                                                                 
                                                                                                                                
SENATOR BIRCH echoed her sentiments.  He remarked that allowing a                                                               
seller  to finance  his/her residence  increases flexibility  and                                                               
improve lives for many.                                                                                                         
                                                                                                                                
1:51:31 PM                                                                                                                    
STACY HARVILL, Associate  Broker, Liaison, Legislative Committee,                                                               
Alaska Association  of Realtors,  Fairbanks, spoke in  support of                                                               
HB 104.                                                                                                                         
                                                                                                                                
1:52:10 PM                                                                                                                    
CHAIR REINBOLD after first determining  no one wished to testify,                                                               
closed public testimony on HB 104.                                                                                              
                                                                                                                                
1:52:20 PM                                                                                                                    
REPRESENTATIVE  WILSON  read  a   list  of  bona  fide  nonprofit                                                               
organizations  that  would be  affected  by  the bill,  including                                                               
Anchorage  Habitat for  Humanity,  Mat-Su  Habitat for  Humanity,                                                               
Alaska Community Development  Corporation, Fairbanks Neighborhood                                                               
Housing  Services, Rural  Alaska  Community  Action Program,  and                                                               
Alaska EnTech Capital, LLC.                                                                                                     
                                                                                                                                
She explained  that individuals found  out that  private mortgage                                                               
contracts  were not  legal. She  said that  some title  companies                                                               
were  not moving  forward with  processing  and that  individuals                                                               
were  not  able to  move  into  their  homes.  She said  she  was                                                               
surprised when  she discovered this  but would like people  to be                                                               
able to have their own homes in ways that they can afford.                                                                      
                                                                                                                                
CHAIR REINBOLD asked for further  clarification that her comments                                                               
reflected  changes between  bill  version U  and  Version S.  She                                                               
referred to  work order 31-LS0275\S,  page 1, lines  13-14, which                                                               
read, ";or (5) a bona fide nonprofit organization.                                                                              
                                                                                                                                
REPRESENTATIVE  WILSON  agreed.  She  said that  this  issue  was                                                               
brought  to  her  attention  by   the  Division  of  Banking  and                                                               
Securities.  The  original bill  did  not  contain the  nonprofit                                                               
provision,   which  would   allow  nonprofits   to  assist   more                                                               
individuals  in   obtaining  financing  for  homes.   In  further                                                               
response to Chair  Reinbold, she said that  one additional change                                                               
was made  on the House  floor to  ensure that that  a grandfather                                                               
provision was added to ensure that  anyone who was currently in a                                                               
mortgage  contract   would  not  lose  their   home  since  these                                                               
individuals purchased their homes in good faith.                                                                                
                                                                                                                                
[HB 104 was held in committee.]                                                                                                 
                                                                                                                                
1:54:58 PM                                                                                                                    
CHAIR REINBOLD reviewed upcoming committee announcements.                                                                       
                                                                                                                                
1:55:23 PM                                                                                                                    
SENATOR BIRCH remarked that the  legislature is tight on time. He                                                               
offered his support to move the bill.                                                                                           
                                                                                                                                
CHAIR REINBOLD  expressed an interest  in holding the  bill over,                                                               
in part,  to allow Senator  Bishop to  review the fiscal  note at                                                               
the next hearing.                                                                                                               
                                                                                                                                
1:56:39 PM                                                                                                                    
SENATOR GRAY-JACKSON  thanked the  sponsor for bringing  the bill                                                               
forward.  She   also  appreciated  that  the   stakeholders  were                                                               
involved in the process.                                                                                                        
                                                                                                                                
[HB 104 was held in committee.]                                                                                                 
                                                                                                                                
1:57:39 PM                                                                                                                    
There being no further business to come before the committee,                                                                   
Chair Reinbold adjourned the Senate Labor and Commerce Standing                                                                 
Committee meeting at 1:57 p.m.                                                                                                  

Document Name Date/Time Subjects
SB 106 Amendment #2 - M.4.pdf SL&C 5/10/2019 1:30:00 PM
SB 106
SB 106 - Written Testimony VER M. - American Property Casualty Insurance Assoc..pdf SL&C 5/10/2019 1:30:00 PM
SB 106
SB 106 - Written Testimony - NAMIC.pdf SL&C 5/10/2019 1:30:00 PM
SB 106
CSHB 104(L&C) AM VER. S.A.PDF SL&C 5/10/2019 1:30:00 PM
HB 104
CSHB 104(L&C) AM Sponsor statement 5.10.19.pdf SL&C 5/10/2019 1:30:00 PM
HB 104
CSHB 104(L&C) AM-CSHB104 AM Explanation of Changes 5.10.19.pdf SL&C 5/10/2019 1:30:00 PM
HB 104
CSHB 104(L&C) - HB104 Explanation of Changes 5.10.19.pdf SL&C 5/10/2019 1:30:00 PM
HB 104
CSHB 104(L&C) AM Fiscal Note DCCED - DBS - 4.12.19.pdf SL&C 5/10/2019 1:30:00 PM
HB 104
CSHB 104(L&C) AM Revised Position Ltr- AK Bankers Assoc 5.10.19.pdf SL&C 5/10/2019 1:30:00 PM
HB 104
CSHB 104(L&C) AM Ltr of Support from Loren and Bari Hite.pdf SL&C 5/10/2019 1:30:00 PM
HB 104
CSHB 104(L&C) AM Ltr of Support Schiewer 5.10.19.pdf SL&C 5/10/2019 1:30:00 PM
HB 104
CSHB 104(L&C)AM Ltr of Support Alaska Realtors 5.10.19.pdf SL&C 5/10/2019 1:30:00 PM
HB 104