HB 5

                                                                                        34-LS0158\A
                                         HOUSE BILL NO. 5
                      IN THE LEGISLATURE OF THE STATE OF ALASKA
                      THIRTY-FOURTH LEGISLATURE - FIRST SESSION
 BY REPRESENTATIVES MCCABE, Rauscher
 Introduced: 1/22/25
 Referred: State Affairs, Labor and Commerce
                                               A BILL
                                     FOR AN ACT ENTITLED
1 "An Act prohibiting certain insurance decisions based solely on a person's status as an
2 elected official."
3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
4   * Section 1. AS 21.36 is amended by adding a new section to article 5 to read:
5Sec. 21.36.525. Decisions based on elected official status. (a) A person
6transacting insurance in this state may not, solely because of a person's status as an
7elected official,
8(1) refuse to issue or renew insurance coverage;
9(2) limit the scope of insurance coverage;
10(3) cancel an existing policy of insurance;
11(4) deny a covered claim; or
12(5) increase the premium, policy fees, or rates charged on an insurance
13policy.
14(b) The provisions of (a) of this section do not apply if the refusal, limitation,
 HB0005a  -1-  HB 5
                             New Text Underlined [DELETED TEXT BRACKETED]
                                                                                   34-LS0158\A
1cancellation, denial, or increase is
2(1) based on sound underwriting or actuarial principles reasonably
3related to actual or anticipated loss experience; or
4(2) required or authorized by law or regulation.
5(c) In this section, "elected official" means a member of the legislature, the
6governor, the lieutenant governor, a member of the state's congressional delegation, a
7constitutional convention delegate, a borough or city mayor, or a member of a borough
8or city assembly, council, or school board.
9  * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to
10 read:
11APPLICABILITY. This Act applies to an insurance policy or contract issued,
12 delivered, or renewed on or after the effective date of this Act.
 HB 5  -2-  HB0005a
                         New Text Underlined [DELETED TEXT BRACKETED]