Legislature(1999 - 2000)
04/15/2000 02:50 PM Senate L&C
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
HB 398-LIFE AND HEALTH INSURANCE GUARANTY ASSN
CHAIRMAN MACKIE announced HB 398 to be up for consideration.
JOHN MANLEY, staff to Representative Harris, prime sponsor of HB
398, explained that HB 398 is very similar to HB 310 except that it
applies to the Alaska Life and Health Insurance Guaranty
Association (ALHIGA). It adopts a model act produced by the
National Association of Insurance Commissioners and updates Alaska
statutes to make them consistent and on par with other states. HB
398 will ensure that the ALHIGA benefits are implemented more
promptly, efficiently, and at a lower cost to policy holders; it
clarifies ambiguous language that could promote lawsuits; and it
provides added benefits to policy holders by extending it to other
people. He noted Mr. George and Mr. Thomas were available to
answer questions.
SENATOR LEMAN asked if HB 398 does not apply to the fraternal
benefit societies because they do not belong to ALHIGA.
MR. MANLEY said that is correct.
SENATOR LEMAN moved to report HB 398 from committee with individual
recommendations and its accompanying zero fiscal note. There being
no objection, the motion carried.
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