2015-05-29                     Senate Journal                      Page 1330
SB 107                                                                                                                        
SENATE BILL NO. 107 "An Act relating to insurance; relating to risk                                                             
based capital for domestic insurers and fraternal benefit societies,                                                            
including provisions related to insurers subject to risk based capital                                                          
and action level event requirements; relating to review by the director                                                         
of insurance of an insurer's risk based capital plan; relating to                                                               
confidentiality and sharing of certain information submitted to the                                                             
director of insurance; relating to evaluating an insurance holding                                                              
company and the acquisition of control of or merger with a domestic                                                             

2015-05-29                     Senate Journal                      Page 1331
insurer; relating to risk based capital, risk management, and own risk                                                          
and solvency assessments of insurers; clarifying provisions related to                                                          
risk based capital plans; relating to exemptions by the director of                                                             
insurance for certain domestic and casualty insurers from risk based                                                            
capital requirements; relating to insurance holding companies,                                                                  
including filing requirements, divestiture, content of statements,                                                              
notifications, and hearings; relating to registration requirements of                                                           
insurers; relating to transactions within an insurance holding company                                                          
system or transactions involving a domestic insurer; relating to                                                                
management and examination of domestic insurers that are part of an                                                             
insurance holding company system; adding provisions relating to                                                                 
participation by the director of insurance in a supervisory college;                                                            
relating to civil and criminal penalties for violations by insurers and                                                         
individuals; relating to provisions for risk management and own risk                                                            
and solvency assessments by insurers; relating to operating                                                                     
requirements for controlling insurance producers; relating to producer-                                                         
controlled insurers; adding and amending definitions related to                                                                 
insurers; and providing for an effective date" was enrolled, signed by                                                          
the President and Secretary, Speaker and Chief Clerk and the                                                                    
engrossed and enrolled copies transmitted to the Office of the                                                                  
Governor at 3:00 p.m., May 28, 2015.                                                                                            
                                                                                                                                
Memorandum from the Division of Legal and Research Services,                                                                    
Legislative Affairs Agency, reporting the following manifest errors in                                                          
SENATE BILL NO. 107, which have been corrected in enrolling:                                                                    
                                                                                                                                
Page 19, line 13, following "information":                                                                                      
          Insert "or"                                                                                                           
                                                                                                                                
Page 20, line 24:                                                                                                               
          Delete "under"                                                                                                        
          Insert "with"                                                                                                         
                                                                                                                                
Page 23, lines 28 - 29:                                                                                                         
          Delete "or false report"                                                                                              
          Insert ", false report,"                                                                                              
                                                                                                                                
Page 26, line 21:                                                                                                               
          Delete "to"                                                                                                           
                                                                                                                                

2015-05-29                     Senate Journal                      Page 1332
Page 27, line 23:                                                                                                               
          Delete "AS 21.22.030"                                                                                                 
          Insert "AS 21.23.030"                                                                                                 
                                                                                                                                
Page 31, line 1:                                                                                                                
          Delete "producers"                                                                                                
          Insert "producer"