| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | HB0116a -1- HB 116 | |
| 3 | 3 | New Text Underlined [DELETED TEXT BRACKETED] | |
| 4 | 4 | ||
| 5 | 5 | 34-LS0616\I | |
| 6 | 6 | ||
| 7 | 7 | ||
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | ||
| 11 | 11 | HOUSE BILL NO. 116 | |
| 12 | 12 | ||
| 13 | 13 | IN THE LEGISLATURE OF THE STATE OF ALASKA | |
| 14 | 14 | ||
| 15 | 15 | THIRTY-FOURTH LEGISLATURE - FIRST SESSION | |
| 16 | 16 | ||
| 17 | 17 | BY THE HOUSE SPECIAL COMMITTEE ON FISHERIES BY REQUEST OF THE J OINT LEGISLATIVE | |
| 18 | 18 | TASK FORCE EVALUATING ALASKA'S SEAFOOD INDUSTRY | |
| 19 | 19 | ||
| 20 | 20 | ||
| 21 | 21 | Introduced: 2/26/25 | |
| 22 | 22 | Referred: House Special Committee on Fisheries, Labor and Commerce | |
| 23 | 23 | ||
| 24 | 24 | ||
| 25 | 25 | A BILL | |
| 26 | 26 | ||
| 27 | 27 | FOR AN ACT ENTITLED | |
| 28 | 28 | ||
| 29 | 29 | "An Act exempting from insurance regulation cooperative agreements entered into by 1 | |
| 30 | 30 | two or more persons engaged in commercial fishing for the purpose of paying claims or 2 | |
| 31 | 31 | losses." 3 | |
| 32 | 32 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 4 | |
| 33 | 33 | * Section 1. AS 21.03.021 is amended by adding a new subsection to read: 5 | |
| 34 | 34 | (l) This title does not apply to two or more persons engaged in commercial 6 | |
| 35 | 35 | fishing activities who enter into a cooperative agreement with each other to pool 7 | |
| 36 | 36 | contributions for the purpose of paying claims or losses arising from 8 | |
| 37 | 37 | (1) a liability claim against a commercial fishing business operated by 9 | |
| 38 | 38 | a member of the pool; or 10 | |
| 39 | 39 | (2) the loss of or damage to a vessel or machine used in a commercial 11 | |
| 40 | 40 | fishing business that is owned or leased by a member of the pool. 12 |