This bill introduces a new section to Alaska's insurance law that prohibits insurance providers from making decisions based solely on an individual's status as an elected official. Specifically, it forbids actions such as refusing to issue or renew insurance coverage, limiting the scope of coverage, canceling existing policies, denying claims, or increasing premiums based solely on this status. However, exceptions are made if such actions are based on sound underwriting principles related to actual or anticipated loss experience, or if they are required or authorized by law or regulation.

Additionally, the bill defines "elected official" to include various positions such as members of the legislature, the governor, the lieutenant governor, congressional delegation members, and local government officials. It also establishes that the provisions of this Act will apply to any insurance policy or contract that is issued, delivered, or renewed after the Act's effective date.

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