| 1 | 1 | | |
|---|
| 2 | 2 | | HB0005a -1- HB 5 |
|---|
| 3 | 3 | | New Text Underlined [DELETED TEXT BRACKETED] |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | 34-LS0158\A |
|---|
| 6 | 6 | | |
|---|
| 7 | 7 | | |
|---|
| 8 | 8 | | |
|---|
| 9 | 9 | | |
|---|
| 10 | 10 | | |
|---|
| 11 | 11 | | HOUSE BILL NO. 5 |
|---|
| 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 REPRESENTATIVE MCCABE |
|---|
| 18 | 18 | | |
|---|
| 19 | 19 | | Introduced: 1/10/25 |
|---|
| 20 | 20 | | Referred: Prefiled |
|---|
| 21 | 21 | | |
|---|
| 22 | 22 | | |
|---|
| 23 | 23 | | A BILL |
|---|
| 24 | 24 | | |
|---|
| 25 | 25 | | FOR AN ACT ENTITLED |
|---|
| 26 | 26 | | |
|---|
| 27 | 27 | | "An Act prohibiting certain insurance decisions based solely on a person's status as an 1 |
|---|
| 28 | 28 | | elected official." 2 |
|---|
| 29 | 29 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 3 |
|---|
| 30 | 30 | | * Section 1. AS 21.36 is amended by adding a new section to article 5 to read: 4 |
|---|
| 31 | 31 | | Sec. 21.36.525. Decisions based on elected official status. (a) A person 5 |
|---|
| 32 | 32 | | transacting insurance in this state may not, solely because of a person's status as an 6 |
|---|
| 33 | 33 | | elected official, 7 |
|---|
| 34 | 34 | | (1) refuse to issue or renew insurance coverage; 8 |
|---|
| 35 | 35 | | (2) limit the scope of insurance coverage; 9 |
|---|
| 36 | 36 | | (3) cancel an existing policy of insurance; 10 |
|---|
| 37 | 37 | | (4) deny a covered claim; or 11 |
|---|
| 38 | 38 | | (5) increase the premium, policy fees, or rates charged on an insurance 12 |
|---|
| 39 | 39 | | policy. 13 |
|---|
| 40 | 40 | | (b) The provisions of (a) of this section do not apply if the refusal, limitation, 14 34-LS0158\A |
|---|
| 41 | 41 | | HB 5 -2- HB0005a |
|---|
| 42 | 42 | | New Text Underlined [DELETED TEXT BRACKETED] |
|---|
| 43 | 43 | | |
|---|
| 44 | 44 | | cancellation, denial, or increase is 1 |
|---|
| 45 | 45 | | (1) based on sound underwriting or actuarial principles reasonably 2 |
|---|
| 46 | 46 | | related to actual or anticipated loss experience; or 3 |
|---|
| 47 | 47 | | (2) required or authorized by law or regulation. 4 |
|---|
| 48 | 48 | | (c) In this section, "elected official" means a member of the legislature, the 5 |
|---|
| 49 | 49 | | governor, the lieutenant governor, a member of the state's congressional delegation, a 6 |
|---|
| 50 | 50 | | constitutional convention delegate, a borough or city mayor, or a member of a borough 7 |
|---|
| 51 | 51 | | or city assembly, council, or school board. 8 |
|---|
| 52 | 52 | | * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 9 |
|---|
| 53 | 53 | | read: 10 |
|---|
| 54 | 54 | | APPLICABILITY. This Act applies to an insurance policy or contract issued, 11 |
|---|
| 55 | 55 | | delivered, or renewed on or after the effective date of this Act. 12 |
|---|