HB 148-OMNIBUS INSURANCE BILL                                                                              
                                                                                                                                
10:19:42 AM                                                                                                                   
                                                                                                                                
CO-CHAIR FIELDS announced that the  final order of business would                                                               
be  HOUSE  BILL NO.  148,  "An  Act  relating to  insurance;  and                                                               
providing  for  an effective  date."  [Before  the committee  was                                                               
Version N].                                                                                                                     
                                                                                                                                
10:20:03 AM                                                                                                                   
                                                                                                                                
The committee took a brief at-ease at 10:20 a.m.                                                                                
                                                                                                                                
10:20:29 AM                                                                                                                   
                                                                                                                                
REPRESENTATIVE SADDLER asked for  clarification on the changes in                                                               
HB 148 Version N.                                                                                                               
                                                                                                                                
10:20:49 AM                                                                                                                   
                                                                                                                                
CO-CHAIR FIELDS  explained that  Version N  deleted a  section of                                                               
the   initial  legislation   regarding  umbrella   insurance  for                                                               
officials.   He  said that  biopsies and  consultations regarding                                                               
breast  cancer  screening  would  be  covered  by  the  new  bill                                                               
version.                                                                                                                        
                                                                                                                                
10:22:51 AM                                                                                                                   
                                                                                                                                
LORI WING-HEIER,  Director, Division of Insurance,  Department of                                                               
Health & Social Services, answered  committee questions on HB 148                                                               
version N. She  said that Section 41 of  the original legislation                                                               
was deleted in Version N.                                                                                                       
                                                                                                                                
10:23:21 AM                                                                                                                   
                                                                                                                                
CO-CHAIR  FIELDS asked  Ms.  Wing-Heier  if the  owner-controlled                                                               
insurance  program  (OSIP)  threshold  of $20  million  would  be                                                               
disruptive to the insurance market in Alaska.                                                                                   
                                                                                                                                
MS. WING-HEIER  said that  $5 million  was far  too low  and said                                                               
that  $20-25 million  was the  ideal  amount of  insurance to  be                                                               
available.                                                                                                                      
                                                                                                                                
10:25:00 AM                                                                                                                   
                                                                                                                                
REPRESENTATIVE SADDLER  asked Ms. Wing-Heier to  define what OSIP                                                               
and CSIP stood for.                                                                                                             
                                                                                                                                
MS.  WING-HEIER  clarified OSIP  and  said  that CSIP  stood  for                                                               
contractor controlled  insurance program, which  was specifically                                                               
for "very, very large" construction projects.                                                                                   
                                                                                                                                
10:26:23 AM                                                                                                                   
                                                                                                                                
The committee took an at-ease from 10:26 a.m. to 10:36 a.m.                                                                     
                                                                                                                                
10:36:12 AM                                                                                                                   
                                                                                                                                
CO-CHAIR FIELDS offered Co-Chair Hall to make a motion.                                                                         
                                                                                                                                
10:36:19 AM                                                                                                                   
                                                                                                                                
CO-CHAIR HALL moved  to report HB 148 Version N  out of committee                                                               
with  individual  recommendations  and  the  accompanying  fiscal                                                               
notes.  There  being no objection, HB 148 Version  N, as amended,                                                               
was reported.                                                                                                                   
                                                                                                                                
10:36:46 AM                                                                                                                   
                                                                                                                                
The committee took a brief at-ease at 10:36 a.m.                                                                                
                                                                                                                                
10:36:53 AM                                                                                                                   
                                                                                                                                
CO-CHAIR FIELDS restated the motion just moved by the committee.                                                                
                                                                                                                                
10:37:05 AM                                                                                                                   
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
[There being no further business before the committee, the House                                                                
Labor and Commerce Standing Committee meeting was adjourned at                                                                  
10:37 a.m.]