Legislature(2023 - 2024)BARNES 124
02/20/2023 03:15 PM House LABOR & COMMERCE
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Audio | Topic |
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Start | |
HB75 | |
HB46 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
*+ | HB 75 | TELECONFERENCED | |
+ | TELECONFERENCED | ||
+= | HB 46 | TELECONFERENCED | |
HB 75-OWNER & CONTRACTOR CONTROLLED INSURANCE 3:16:22 PM CHAIR SUMNER announced that the first order of business would be HOUSE BILL NO. 75, "An Act relating to coverage for additional insureds under owner and contractor controlled insurance programs; and providing for an effective date." 3:16:51 PM LORI WING-HEIER, Director, Juneau Office, Alaska Division of Insurance, Department of Commerce, Community, and Economic Development, introduced HB 75 on behalf of the sponsor, House Rules by request of the governor. She stated that in the State of Alaska, projects costing over $50 million and having a defined geographic location and time frame are eligible for an owner controlled insurance program or contractor controlled program. The significance of this is that it allows the owner or contractor to buy the insurance for all contractors and subcontractors working on the project, usually including general liability, professional liability, and workers' compensation. She said that this allows contractors to keep insurance costs down and helps prevent "unnecessary litigation." She added that there would be an amendment to further clarify the language of the bill. 3:19:59 PM REPRESENTATIVE PRAX asked if it would be worthwhile to reduce the $50 million threshold. MS. WING-HEIER answered that some projects would likely benefit from that, although the bill is intended to clarify statutory language and changing the threshold was not considered when writing it. CHAIR SUMNER announced that HB 75 was held over.
Document Name | Date/Time | Subjects |
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HB075 DOI Fiscal Note 02.15.2023.pdf |
HL&C 2/20/2023 3:15:00 PM |
HB 75 |
HB075 Sectional Analysis Ver A 02.15.2023.pdf |
HL&C 2/20/2023 3:15:00 PM |
HB 75 |
HB075 version A 02.15.2023.PDF |
HL&C 2/20/2023 3:15:00 PM |
HB 75 |
HB075 Transmittal Letter 02.15.2023.pdf |
HL&C 2/20/2023 3:15:00 PM |
HB 75 |
Amendments 1-3 for HB46.pdf |
HL&C 2/20/2023 3:15:00 PM |
HB 46 |
Amendment 4 for HB46.pdf |
HL&C 2/20/2023 3:15:00 PM |
HB 46 |