SB  70-OWNER & CONTRACTOR CONTROLLED INSURANCE                                                                     
                                                                                                                                
1:33:07 PM                                                                                                                    
CHAIR BJORKMAN announced the consideration  of SENATE BILL NO. 70                                                               
"An Act relating to coverage  for additional insureds under owner                                                               
and contractor  controlled insurance programs; and  providing for                                                               
an effective date."                                                                                                             
                                                                                                                                
He asked Ms. Wing-Heier to provide a summary of the bill.                                                                       
                                                                                                                                
1:33:36 PM                                                                                                                    
LORI WING-HEIER,  Director, Division of Insurance,  Department of                                                               
Commerce, Community and  Economic Development, Anchorage, Alaska,                                                               
provided a recap  of SB 70. She reminded the  members that during                                                               
the  previous  hearing  she  said to  expect  an  amendment.  She                                                               
explained  that the  division  originally  thought that  deleting                                                               
paragraph  (4)  from  Section  1  addressed  an  issue  regarding                                                               
additional insureds.  Insurance brokers and others  disagreed and                                                               
the division  decided to restore  paragraph (4) and  add language                                                               
to  clarify that  additional insureds  are  allowed on  insurance                                                               
policies  if required  by contract.  This is  what the  amendment                                                               
does. She provided an example.                                                                                                  
                                                                                                                                
CHAIR BJORKMAN solicited a motion.                                                                                              
                                                                                                                                
1:35:46 PM                                                                                                                    
SENATOR BISHOP moved to adopt Amendment 1, work order 33-                                                                       
GS1009\A.2, for SB 70.                                                                                                          
                                                                                                                                
                                                 33-GS1009\A.2                                                                  
                                                         Marx                                                                   
                                                       3/8/23                                                                   
                                                                                                                                
                          AMENDMENT 1                                                                                       
                                                                                                                                
                                                                                                                                
     OFFERED IN THE SENATE                                                                                                      
     TO:  SB 70                                                                                                                 
                                                                                                                                
                                                                                                                                
     Page 1, line 9:                                                                                                            
          Delete "or                                                                                                        
                                                                                                                              
     Page 1, line 11 - 13:                                                                                                      
          Delete "[; OR                                                                                                       
                                                                                                                              
               (4)  INSURANCE POLICIES  ENDORSED TO NAME ONE                                                                  
          OR MORE PERSONS AS ADDITIONAL INSUREDS]"                                                                            
                                                                                                                              
          Insert "; or                                                                                                          
                                                                                                                                
               (4)  insurance policies  endorsed to name one                                                                    
               or  more persons  as additional  insureds, if                                                                
               naming a  person as an additional  insured is                                                                
               a   term  required   by   a  contract;   this                                                                
               paragraph   does  not   apply  to   an  owner                                                                
               controlled    or     contractor    controlled                                                                
               insurance  program for  a major  construction                                                                
               project                                                                                                      
                                                                                                                                
                                                                                                                                
1:36:09 PM                                                                                                                    
CHAIR BJORKMAN found no objection and Amendment 1 was adopted.                                                                  
                                                                                                                                
1:36:20 PM                                                                                                                    
CHAIR BJORKMAN held SB 70 in committee.