HB 264-PROOF OF INSURANCE: UNSATISFIED JUDGMENTS                                                                    
                                                                                                                              
3:05:59 PM                                                                                                                    
                                                                                                                                
CO-CHAIR  KREISS-TOMKINS   announced  that  the  next   order  of                                                               
business would be  HOUSE BILL NO. 264, "An Act  relating to proof                                                               
of   financial  responsibility   after   certain  motor   vehicle                                                               
accidents."                                                                                                                     
                                                                                                                                
3:06:26 PM                                                                                                                    
                                                                                                                                
CO-CHAIR  KREISS-TOMKINS  opened  public  testimony  on  HB  264.                                                               
After ascertaining that  there was no one who  wished to testify,                                                               
he closed public testimony.                                                                                                     
                                                                                                                                
3:06:43 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  THOMPSON   asked  Representative  Kreiss-Tomkins,                                                               
prime  sponsor or  HB 264,  what  prompted him  to introduce  the                                                               
proposed legislation.                                                                                                           
                                                                                                                                
3:07:04 PM                                                                                                                    
                                                                                                                                
REID  HARRIS,  Staff,  Representative  Jonathan  Kreiss-Thompson,                                                               
Alaska  State Legislature,  on behalf  of Representative  Kreiss-                                                               
Tompkins,   prime  sponsor   of  HB   264,  explained   that  the                                                               
requirement  for a  lifetime SR-22  insurance for  an unsatisfied                                                               
judgement - that  is, a failure to pay for  damages after causing                                                               
injury,  death, or  property  damage  of over  $501  [in a  motor                                                               
vehicle accident]  - even after  the judgement has been  staid or                                                               
satisfied,  is  an  onerous  requirement.    Under  the  proposed                                                               
legislation, it would be necessary  for the judgement to be staid                                                               
or  satisfied; however,  the  SR-22 would  only  be required  for                                                               
three years from the time the judgement was satisfied.                                                                          
                                                                                                                                
3:08:32 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE THOMPSON moved  to report HB 264  out of committee                                                               
with individual recommendations and  the accompanying zero fiscal                                                               
note.   There being no  objection, HB  264 was reported  from the                                                               
House State Affairs Standing Committee.