This bill amends Alaska's insurance laws to prohibit insurance providers from making decisions based solely on an individual's status as an elected official. Specifically, it prohibits actions such as refusing to issue or renew insurance coverage, limiting the scope of coverage, canceling existing policies, denying claims, or increasing premiums for elected officials. However, these prohibitions do not apply if the actions are based on sound underwriting or actuarial principles related to actual or anticipated loss experience, or if they are required or authorized by law or regulation.

The bill defines "elected official" to include various positions such as members of the legislature, the governor, the lieutenant governor, members of the state's congressional delegation, constitutional convention delegates, and local government officials like mayors and assembly members. Additionally, the bill states that its provisions apply to any insurance policy or contract issued, delivered, or renewed on or after the effective date of the Act.

Statutes affected:
HB0005A, AM HB 5, introduced 01/10/2025: