2016-04-13                     House Journal                      Page 2302
     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."                                                                          
                                                                                                                                
Representative Wool moved and asked unanimous consent that CSHB
(L&C) be returned to second reading for the specific purpose of                                                              
considering Amendment No. 1.  There being no objection, it was so                                                               
ordered.                                                                                                                        
                                                                                                                                
Amendment No. 1 was offered  by Representatives Wool and Olson:                                                                  
                                                                                                                                
Page 1, line 1, following the first occurrence of "insurance;" (title                                                         
amendment):                                                                                                                     
     Insert "relating to the annual report by the director of                                                                 
insurance;"                                                                                                                   
                                                                                                                                
Page 2, following line 8:                                                                                                       
     Insert a new bill section to read:                                                                                         
"* Section 1. AS 21.06.110 is amended to read:                                                                                
         Sec. 21.06.110. Director's annual report. As early in each                                                           
     calendar year as is reasonably possible, the director shall prepare                                                        
     and deliver an annual report to the commissioner, who shall notify                                                         
     the legislature that the report is available, showing, with respect to                                                     
     the preceding calendar year,                                                                                               
              (1)  a list of the authorized insurers transacting insurance