00                     CS FOR HOUSE BILL NO. 29(JUD) am                                                                   
01 "An Act prohibiting certain insurance decisions based solely on a person's status as an                                 
02 elected official."                                                                                                      
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 21.36 is amended by adding a new section to read:                                                  
05            Sec. 21.36.520. Decisions based on elected official status. (a) A person                                   
06       transacting insurance in this state may not, solely because of a person's status as an                            
07       elected official,                                                                                                 
08                 (1)  refuse to issue or renew insurance coverage;                                                       
09                 (2)  limit the scope of insurance coverage;                                                             
10                 (3)  cancel an existing policy of insurance;                                                            
11                 (4)  deny a covered claim; or                                                                           
12                 (5)  increase the premium, policy fees, or rates charged on an insurance                                
13       policy.                                                                                                         
14            (b)  The provisions of (a) of this section do not apply if the refusal, limitation,                          

01       cancellation, denial, or increase is                                                                              
02                 (1)  based on sound underwriting or actuarial principles reasonably                                     
03       related to actual or anticipated loss experience; or                                                              
04                 (2)  required or authorized by law or regulation.                                                       
05            (c)  In this section,                                                                                        
06                   "elected official" means a member of the legislature, the governor, the                               
07       lieutenant governor, a constitutional convention delegate, a borough or city mayor, or                            
08       a member of a borough or city assembly, council, or school board.                                                 
09    * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to                          
10 read:                                                                                                                   
11       APPLICABILITY. This Act applies to an insurance policy or contract issued,                                        
12 delivered, or renewed on or after the effective date of this Act.