SENATE BILL NO. 132 "An Act relating to insurance; and providing for an effective date." 9:16:20 AM Senator Kaufman MOVED to ADOPT the proposed committee substitute for SB 132, Work Draft 34-LS0415\T (Wallace, 5/9/25). Co-Chair Hoffman OBJECTED for discussion. 9:16:47 AM LIZ HARPOLD, STAFF, SENATOR DONNY OLSON, discussed the Explanation of Changes (copy on file): Section 41: Repeals AS 21.36.475(b) subsection (4) to clean up language around exceptions to owner controlled and contractor controlled insurance programs. Section 44: Updates the definition of elected official to include members of regional school board for a regional educational attendance area. Section 58: Requires one-quarter of the governing board of an HMO to be consumers instead of one member. 9:17:54 AM SENATOR JESSE BJORKMAN, SPONSOR, supported the committee substitute. Co-Chair Hoffman REMOVED his OBJECTION. There being NO OBJECTION, it was so ordered. Senator Bjorkman thanked the committee. Senator Kaufman MOVED to REPORT HB 31 from committee with individual recommendations and attached fiscal note. There being NO OBJECTION, it was so ordered. CSSB 132(FIN) was REPORTED out of committee with seven "do pass" recommendations and with one previously published fiscal note: FN 1(CED). 9:19:08 AM AT EASE 9:21:04 AM RECONVENED