03/22/2000 03:20 PM House L&C

HB 303-MISC. INSURANCE PROVISIONS                                                                                             
                                                                                                                                
CHAIRMAN ROKEBERG  announced the next  order of business  would be                                                              
HOUSE BILL NO. 303,  "An Act relating to the method  of payment of                                                              
fees and adoption  of regulations under AS 21;  relating to orders                                                              
under AS  21 regarding risk  based capital instructions;  relating                                                              
to  accounting standards  for  insurance companies;  amending  the                                                              
definitions of  'creditable coverage'  and 'late enrollees'  in AS                                                              
21.54;  relating  to requirements  for  small  employer  insurers;                                                              
relating to requirements for issuance  of new voting securities by                                                              
an insurance  company;  requiring health  care insurance  coverage                                                              
for  reconstructive   surgery   following  mastectomy;   requiring                                                              
guaranteed   renewability  of   and   certification  of   coverage                                                              
regarding  certain  individual  health   insurance  policies;  and                                                              
providing for an effective date."                                                                                               
                                                                                                                                
CHAIRMAN ROKEBERG  explained that  this bill makes  some technical                                                              
corrections  including   the  federally  mandated   reconstructive                                                              
surgery  following  a  mastectomy.     He  commented  that  it  is                                                              
important to make these technical  corrections to state statute in                                                              
order  to retain  primacy  of the  Division  of  Insurance on  the                                                              
health insurance in Alaska with respect to affordability.                                                                       
                                                                                                                                
Number 0647                                                                                                                     
                                                                                                                                
REPRESENTATIVE  HALCRO  made  a  motion  to move  HB  303  out  of                                                              
committee with  individual recommendations  and the  attached zero                                                              
fiscal note.   There being no objection,  HB 303 moved  out of the                                                              
House Labor and Commerce Standing Committee.