Legislature(2015 - 2016)BELTZ 105 (TSBldg)
04/16/2016 11:00 AM Senate LABOR & COMMERCE
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| Audio | Topic |
|---|---|
| Start | |
| HB372 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| + | HB 81 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| += | HB 372 | TELECONFERENCED | |
ALASKA STATE LEGISLATURE
SENATE LABOR AND COMMERCE STANDING COMMITTEE
April 16, 2016
3:24 p.m.
DRAFT
MEMBERS PRESENT
Senator Mia Costello, Chair
Senator Cathy Giessel, Vice Chair
Senator Kevin Meyer
Senator Gary Stevens
MEMBERS ABSENT
Senator Johnny Ellis
COMMITTEE CALENDAR
HOUSE BILL NO. 81
"An Act relating to an exemption from the regulation of
construction contractors."
- PENDING REFERRAL
COMMITTEE SUBSTITUTE FOR HOUSE BILL NO. 372(L&C) AM
"An Act relating to insurance; relating to the annual report by
the director of policies and variable annuities; establishing
limitations on issuance of long-term care insurance; relating to
expenses for insurance examinations; relating to regulations for
insurance; relating to requirements for group health insurance
policies; amending the insurance utilization review, benefits
determination, health care insurance grievance definition of
'group health insurance'; relating to motor vehicle service
contracts; resolution procedures, independent review of adverse
determinations or final adverse relating to notice requirements
for meetings of stockholders or members of a domestic
determinations, independent review organizations, and continuing
education providers; insurer; establishing a definition of 'bona
fide association'; relating to requirements and relating to
required provisions for health care insurance contracts and
policies, penalties for committing a fraudulent or criminal
insurance act; updating criteria for including health care
provider choice; establishing civil penalties for insurers for
failure examinations; relating to rate filing deviations;
establishing civil penalties for certain to provide requested
records; amending the definition of 'wet marine and wilful
violations; and providing for an effective date."
transportation' insurance; amending provisions on limited
licenses to include crop insurance; relating to third-party
administrator notification requirements; relating to
certification filing by reinsurance intermediary brokers;
relating to rate filings, delivery of insurance policies or
endorsements; relating to refunds of variable life insurance
- MOVED SCS CSHB 372(L&C) OUT OF COMMITTEE
PREVIOUS COMMITTEE ACTION
BILL: HB 372
SHORT TITLE: OMNIBUS INSURANCE
SPONSOR(s): LABOR & COMMERCE
03/21/16 (H) READ THE FIRST TIME - REFERRALS
03/21/16 (H) L&C
03/28/16 (H) L&C AT 3:15 PM BARNES 124
03/28/16 (H) Heard & Held
03/28/16 (H) MINUTE (L&C)
03/30/16 (H) L&C AT 3:15 PM BARNES 124
03/30/16 (H) Heard & Held
03/30/16 (H) MINUTE (L&C)
04/04/16 (H) L&C AT 3:15 PM BARNES 124
04/04/16 (H) Heard & Held
04/04/16 (H) MINUTE (L&C)
04/06/16 (H) L&C AT 3:15 PM BARNES 124
04/06/16 (H) Moved CSHB 372(L&C) Out of Committee
04/06/16 (H) MINUTE (L&C)
04/07/16 (H) L&C RPT CS (L&C) 1DP 6NR
04/07/16 (H) DP: OLSON
04/07/16 (H) NR: LEDOUX, TILTON, HUGHES, KITO,
JOSEPHSON, COLVER
04/13/16 (H) TRANSMITTED TO (S)
04/13/16 (H) VERSION: CSHB 372(L&C) AM
04/14/16 (S) READ THE FIRST TIME - REFERRALS
04/14/16 (S) L&C
04/14/16 (S) L&C AT 1:30 PM BELTZ 105 (TSBldg)
04/14/16 (S) Heard & Held
04/14/16 (S) MINUTE (L&C)
04/15/16 (S) L&C AT 5:00 PM BELTZ 105 (TSBldg)
04/15/16 (S) Scheduled but Not Heard
04/16/16 (S) L&C AT 11:00 AM BELTZ 105 (TSBldg)
WITNESS REGISTER
LORI WING-HEIER, Director
Division of Insurance
Department of Commerce, Community and Economic Development
Anchorage, Alaska
POSITION STATEMENT: Continued the sectional analysis for HB 372
and answered related questions.
SHELDON WINTERS, Retained Counsel
State Farm Insurance
Juneau, Alaska
POSITION STATEMENT: Testified in opposition to Section 65 of
version N for HB 372.
WESTON EILER, Staff
Senate Labor and Commerce Standing Committee and
Senator Mia Costello
POSITION STATEMENT: Reviewed the changes in the Senate CS for
HB 372.
KONRAD JACKSON, Staff
Senator Kurt Olson
Alaska State Legislature
Juneau, Alaska
POSITION STATEMENT: Testified the sponsor does not support
Amendment 1 for HB 372.
ACTION NARRATIVE
3:24:58 PM
CHAIR MIA COSTELLO called the Senate Labor and Commerce Standing
Committee meeting to order at 3:24 p.m. Present at the call to
order were Senators Meyer, Stevens, and Chair Costello. Senator
Giessel arrived soon thereafter.
HB 372-OMNIBUS INSURANCE
3:25:31 PM
CHAIR COSTELLO announced the consideration of CS FOR HOUSE BILL
NO. 372(L&C) am; "An Act relating to insurance; relating to the
annual report by the director of insurance; relating to expenses
for insurance examinations; relating to regulations for
insurance utilization review, benefits determination, health
care insurance grievance resolution procedures, independent
review of adverse determinations or final adverse
determinations, independent review organizations, and continuing
education providers; relating to required provisions for health
care insurance contracts and policies, including health care
provider choice; establishing civil penalties for insurers for
failure to provide requested records; amending the definition of
'wet marine and transportation' insurance; amending provisions
on limited licenses to include crop insurance; relating to
third-party administrator notification requirements; relating to
certification filing by reinsurance intermediary brokers;
relating to rate filings, delivery of insurance policies or
endorsements; relating to refunds of variable life insurance
policies and variable annuities; establishing limitations on
issuance of long-term care insurance; relating to requirements
for group health insurance policies; amending the definition of
'group health insurance'; relating to motor vehicle service
contracts; relating to notice requirements for meetings of
stockholders or members of a domestic insurer; establishing a
definition of 'bona fide association'; relating to requirements
and penalties for committing a fraudulent or criminal insurance
act; updating criteria for examinations; relating to rate filing
deviations; establishing civil penalties for certain wilful
violations; and providing for an effective date."
She relayed the intention to continue the sectional analysis,
take questions and public testimony, adopt a committee
substitute (CS), and look to the will of the committee.
3:26:54 PM
LORI WING-HEIER, Director, Division of Insurance, Department of
Commerce, Community and Economic Development (DCCED), continued
the sectional analysis for HB 372, starting with Section 60.
Sec. 60 AS 21.69.310(c) Meetings of stockholders or
members
discretion to approve a date for an annual meeting
later than the first six months of each calendar year
upon a written request for approval for good cause.
The request for approval must be made at least 30 days
before the end of the six-month requirement. This
amendment reflects the fact that annual meetings of
Alaska insurers cannot always be held within the first
six months of the calendar year due to the wide
disbursement of board members and to the differing
requirements for the timing of annual meetings of
other states where holding companies with Alaska
insurers are domiciled.
Sec. 61 AS 21.69.390(b) Home office and records
21.69.390(d) as that subsection is being repealed for
the reasons as stated in Sec. 67 of this Bill
Analysis.
Sec. 62 AS 21.85.500(5) Definitions
"multiple employer welfare arrangement" to conform
with the meaning of the term as defined under 29
U.S.C. 1002.
Sec. 63 AS 21.97.020 General penalty
more consistent with other penalty provisions in AS 21
such as AS 21.27.440 and to provide a mechanism to use
under section four of the bill and for market conduct
enforcement. This section has not been updated for
over 30 years.
Sec. 64 AS 21.97.900(47) Definitions for title
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