Bill Summary – FastDemocracy

State of Alaska
                                                        Fiscal Note
                                                                                         Bill Version:                    HCS CSSB 134(JUD)
 2024 Legislative Session
                                                                                         Fiscal Note Number:              2
                                                                                         (H) Publish Date:                5/6/2024
 Identifier:       SB134CS(JUD)-DCCED-DOI-05-03-24                        Department:        Department of Commerce, Community and
 Title:            INS. DATA SECURITY; INFO. SECURITY                                        Economic Development
                   PRGRMS                                                 Appropriation: Insurance Operations
 Sponsor:          KAUFMAN                                                Allocation:        Insurance Operations
 Requester: (H) JUDICIARY                                                 OMB Component Number:               354
 Expenditures/Revenues
 Note: Amounts do not include inflation unless otherwise noted below.                                                           (Thousands of Dollars)
                                                 Included in
                                    FY2025       Governor's
                                Appropriation      FY2025                                       Out-Year Cost Estimates
                                  Requested       Request
 OPERATING EXPENDITURES               FY 2025        FY 2025       FY 2026                 FY 2027           FY 2028            FY 2029        FY 2030
 Personal Services
 Travel
 Services
 Commodities
 Capital Outlay
 Grants & Benefits
 Miscellaneous
 Total Operating                            0.0           0.0          0.0                       0.0                0.0              0.0              0.0
 Fund Source (Operating Only)
 None
 Total                                        0.0            0.0                 0.0             0.0                0.0              0.0              0.0
 Positions
 Full-time
 Part-time
 Temporary
 Change in Revenues
 None
 Total                                        0.0            0.0                 0.0             0.0                0.0              0.0              0.0
 Estimated SUPPLEMENTAL (FY2024) cost:                              0.0                (separate supplemental appropriation required)
 Estimated CAPITAL (FY2025) cost:                                   0.0                (separate capital appropriation required)
 Does the bill create or modify a new fund or account?       No
 (Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
 ASSOCIATED REGULATIONS
 Does the bill direct, or will the bill result in, regulation changes adopted by your agency?            Yes
 If yes, by what date are the regulations to be adopted, amended or repealed?                            07/01/25
 Why this fiscal note differs from previous version/comments:
 Updated to reflect changes in the committee substitute including coverage of breast diagnostic imaging tests.
 Prepared By:            Lori Wing-Heier, Director                                                             Phone:         (907)269-7896
 Division:               Division of Insurance                                                                 Date:          05/03/2024
 Approved By:            Hannah Lager, Administrative Services Director                                        Date:          05/03/24
 Agency:                 Commerce, Community, and Economic Development
Printed 5/6/2024                                                   Page 1 of 2                                                         Control Code: ObBvh
                                                                                                    HCS CSSB 134(JUD) - Fiscal Note 2
                                                 FISCAL NOTE ANALYSIS
STATE OF ALASKA                                                                   BILL NO. CSSB 134(JUD)
2024 LEGISLATIVE SESSION
Analysis
   Artificial Intelligence, machine learning, and cybersecurity hacks/events are becoming a concern in the insurance industry.
   SB134 provides risk assessment and notification requirements that insurers and large broker firms must comply with. The
   bill requests that the insurers and large broker firms adopt a corporate governance structure for response to cyber
   events. Smaller brokerage firms are exempt.
   This bill addresses state-regulated private insurance and requires those plans that include coverage of breast diagnostic
   imaging tests to do so without patient cost sharing. The language applies this treatment to preventive screenings and
   both diagnostic exams, when an abnormality is found in the breast, and supplemental exams. These exams are the step
   between screening mammography and biopsy.
   If adopted, the Division of Insurance will absorb any associated costs within the division's existing budget authority.
(Revised 10/31/2023 OMB/LFD)                                                                                        Page 2 of 2
SB134CS(JUD)-DCCED-DOI-05-03-24                                 Page 2 of 2                                                  Control Code: ObBvh
Statutes affected: 
SB0134A, AM SB 134, introduced 04/21/2023: 21.96.260, 21.96.250, 21.96.399, 21.96.270, 21.96.280, 21.27.990, 21.96.290, 21.96.310, 40.25.110, 40.25.220, 21.96.300, 21.06.120, 21.27.440
SB0134B, AM CSSB 134(L&C), introduced 02/19/2024: 21.96.260, 21.96.250, 21.96.399, 21.96.270, 21.96.280, 21.27.990, 21.96.290, 21.96.310, 40.25.110, 40.25.220, 21.96.300, 21.06.120, 21.27.440
SB0134C, AM CSSB 134(JUD), introduced 04/22/2024: 21.23.240, 21.23.399, 21.23.250, 21.23.260, 21.23.270, 21.23.280, 21.27.990, 21.23.290, 21.23.310, 40.25.110, 40.25.220, 21.23.300, 21.06.120, 21.27.440, 21.42.375
SB0134D, AM HCS CSSB 134(JUD), introduced 05/06/2024: 21.23.240, 21.23.399, 21.23.250, 21.23.260, 21.23.270, 21.23.280, 21.27.990, 21.23.290, 21.23.310, 40.25.110, 40.25.220, 21.23.300, 21.06.120, 21.27.440, 21.42.375
SB0134Z, AM Enrolled SB 134, introduced 05/15/2024: 21.23.240, 21.23.399, 21.23.250, 21.23.260, 21.23.270, 21.23.280, 21.27.990, 21.23.290, 21.23.310, 40.25.110, 40.25.220, 21.23.300, 21.06.120, 21.27.440, 21.42.375