The proposed bill aims to prohibit insurance companies in Alaska from making decisions based solely on an individual's status as an elected official. Specifically, it prevents insurers from refusing to issue or renew coverage, limiting coverage, canceling existing policies, denying claims, or increasing premiums solely due to a person's elected position. 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 by law or regulation. The bill defines "elected official" to include various government positions, such as members of the legislature, the governor, and local officials.

Additionally, the bill establishes that its provisions will apply to any insurance policy or contract that is issued, delivered, or renewed after the effective date of the Act. This ensures that the protections against discriminatory insurance practices for elected officials are implemented moving forward.

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