Legislature(2005 - 2006)
2006-04-05 House Journal
Full Journal pdf2006-04-05 House Journal Page 3012 HB 439 The following was read the second time: 2006-04-05 House Journal Page 3013 HOUSE BILL NO. 439 "An Act relating to authorizing the state to join with other states entering into the Interstate Insurance Product Regulation Compact and authorizing the compact to supersede existing statutes by approving standards, rules, or other action under the terms of the compact." with the: Journal Page L&C RPT CS(L&C) NT 3DP 3NR 2687 FN1: ZERO(H.L&C/CED) 2688 JUD RPT CS(L&C) NT 4DP 2AM 2918 FN2: ZERO(CED) 2919 Representative Coghill moved and asked unanimous consent that the following committee substitute be adopted in lieu of the original bill: CS FOR HOUSE BILL NO. 439(L&C) "An Act relating to authorizing the state to join with other states in entering into the Interstate Insurance Product Regulation Compact." There being no objection, it was so ordered. Amendment No. 1 was offered by Representative Gara: Page 1, line 4: Delete "a new section" Insert "new sections" Page 23, following line 14: Insert a new section to read: "Sec. 21.42.705. Opt-out duties, guidelines, remedies. (a) As a participant in the Interstate Insurance Product Regulation Compact, it is the policy of the state to opt out, and the director shall opt out, of any Uniform Standard that provides a materially lower level of protection for or materially diminishes the rights of Alaska policyholders or policy applicants. (b) If the director or a court of competent jurisdiction finds that the policy set out in (a) of this section has been violated, 2006-04-05 House Journal Page 3014 notice of the violation shall be given to the legislature, and reasonable and prompt measures shall be taken to opt out of the Uniform Standard that does not comply with the policy statement set out in (a) of this section to the extent that such action is permissible under the Interstate Insurance Product Regulation Compact." Representative Gara moved and asked unanimous consent that Amendment No. 1 be adopted. Representative Coghill objected. Amendment to Amendment No. 1 was offered by Representative Gara: Following "applicants": Insert "under Alaska law" Representative Gara moved and asked unanimous consent that Amendment to Amendment No. 1 be adopted. There being no objection, it was so ordered. Representative Coghill withdrew the objection. There being no further objection, Amendment No. 1 as amended was adopted. Representative Coghill moved and asked unanimous consent that CSHB 439(L&C) am be considered engrossed, advanced to third reading, and placed on final passage. There being no objection, it was so ordered. CSHB 439(L&C) am was read the third time. The question being: "Shall CSHB 439(L&C) am pass the House?" The roll was taken with the following result: CSHB 439(L&C) am Third Reading Final Passage YEAS: 37 NAYS: 0 EXCUSED: 2 ABSENT: 1 2006-04-05 House Journal Page 3015 Yeas: Berkowitz, Chenault, Cissna, Coghill, Crawford, Croft, Dahlstrom, Foster, Gara, Gardner, Gatto, Gruenberg, Guttenberg, Harris, Hawker, Holm, Joule, Kapsner, Kelly, Kerttula, Kohring, Kott, LeDoux, Lynn, McGuire, Meyer, Moses, Neuman, Olson, Ramras, Rokeberg, Salmon, Samuels, Seaton, Stoltze, Thomas, Wilson Excused: Elkins, Weyhrauch Absent: Anderson And so, CSHB 439(L&C) am passed the House and was referred to the Chief Clerk for engrossment.