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 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 loss experience or 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 discrimination based on elected official status are clearly outlined and enforceable moving forward.

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