SB 106-HOMEOWNER/RENTER INSURANCE RENEWAL  3:36:15 PM CHAIR SPOHNHOLZ announced that the next order of business would be CS FOR SENATE BILL NO. 106(L&C), "An Act relating to renewal of insurance coverage for homeowners and renters; and providing for an effective date." 3:36:33 PM SENATOR TOM BEGICH, Alaska State Legislature, as prime sponsor, highlighted the basic elements of SB 106. Basically, he said, it eliminates a loophole that causes the loss of insurance if someone makes a claim against a criminal action that might have occurred in his or her home. SB 106 would offer a three-year grace period in which a claim could be made without penalization. He stated it's a bill to keep a victim from being revictimized. He proceeded to follow up on unanswered questions from the bill's previous hearing. First, he said, there are at least 10 states that may have similar kinds of legislation. Second, he confirmed that personal insurance covers homeowners and renter's insurance. He directed attention to AS 21.36.460 (i)(7)(B). 3:39:22 PM CHAIR SPOHNHOLZ opened public testimony. After ascertaining that no one wished to testify, she closed public testimony. 3:40:18 PM REPRESENTATIVE HANNAN asked to hear from Lori Wing-Heier. 3:40:48 PM LORI WING-HEIER, Director, Division of Insurance, Department of Commerce, Community & Economic Development, explained that this has been an issue, particularly in the Anchorage and Matanuska- Susitna area, where people are losing their insurance after making a claim. She said after working with the insurers and the bill sponsor, the Division of Insurance doesn't see any problems with SB 106. She added that the division thinks it strengthens consumer protections in the event they are victimized by a crime. 3:41:37 PM REPRESENTATIVE RASMUSSEN thanked the bill sponsor for bringing this piece of legislation forward, adding that she will happily support moving SB 106 out of committee and on the House floor. 3:41:57 PM REPRESENTATIVE STUTES moved to report SB 106 out of committee with individual recommendations and the accompanying fiscal notes. Without objection, CSSB 106(L&C) was moved from the House Labor and Commerce Standing Committee.