This bill amends various sections of Alaska's insurance laws to enhance regulatory oversight and clarify insurance practices. A significant change is the introduction of a new subsection that allows prosecutions for life insurance-related offenses to begin within one year of discovery, even if the general time limitation has expired, but not extending the limitation period by more than 20 years. The bill also expands the scope of entities subject to examination by the director of insurance to include pharmacy benefits managers and third-party administrators, allowing for examinations whenever deemed necessary. Additionally, it modifies health care insurer requirements, mandating a non-network option during initial enrollment and detailing the process for requesting benefit-level exceptions. Other amendments include changes to the tax structure for insurers and the removal of certain exemptions for filing annual audited financial reports.

Further amendments focus on the operations of pharmacy benefits managers and surplus lines brokers, including new licensing requirements and the need for detailed disclosures in licensure applications. The bill also clarifies the roles of third-party administrators, emphasizing fiduciary duties and the necessity for written agreements. Consumer protections are enhanced by changing the notice period for nonrenewal of personal insurance policies from 20 days to 45 days and prohibiting insurers from canceling property or casualty insurance policies solely due to claims made to meet aid requirements. Additionally, the bill introduces provisions for health maintenance organizations (HMOs) to ensure consumer representation on their governing bodies and improve access to emergency services. Overall, these changes aim to strengthen the regulatory framework governing insurance practices in Alaska and enhance consumer protection.

Statutes affected:
SB0132A, AM SB 132, introduced 03/14/2025: 12.10.020, 21.07.030, 21.09.200, 21.06.180, 21.06.240, 21.09.210, 21.09.242, 21.12.020, 21.18.112, 21.18.900, 21.27.020, 21.27.270, 21.27.115, 21.27.025, 21.12.050, 21.12.080, 21.27.150, 21.27.410, 21.06.250, 21.36.515, 21.27.060, 21.27.830, 21.27.040, 21.27.380, 21.27.630, 21.27.640, 21.06.090, 21.27.330, 21.27.990, 21.33.055, 21.34.035, 21.51.405, 21.54.015, 21.87.230, 21.12.052, 21.34.040, 21.34.170, 21.34.180, 21.34.190, 21.34.900, 21.12.090, 21.36.125, 21.96.030, 21.60.030, 21.36.225, 21.51.400, 21.54.130, 21.36.235, 21.36.305, 21.36.260, 21.36.240, 21.36.475, 21.36.505, 21.36.910, 09.30.070, 21.39.155, 21.42.250, 21.42.377, 21.45.305, 21.48.010, 21.51.060, 21.57.160, 21.59.140, 21.76.070, 21.34.220, 21.79.020, 21.79.070, U.S.C, 21.86.040, 21.86.060, 21.07.250, 21.96.090, 21.96.120, 21.97.900, 28.10.011, 21.34.030, 21.39.020, 21.59.290, 21.86.078
SB0132B, AM CSSB 132(L&C), introduced 04/07/2025: 12.10.020, 21.07.030, 21.09.200, 21.06.180, 21.06.240, 21.09.210, 21.09.242, 21.12.020, 21.18.112, 21.18.900, 21.27.020, 21.27.270, 21.27.115, 21.27.025, 21.12.050, 21.12.080, 21.27.150, 21.27.410, 21.06.250, 21.36.515, 21.27.060, 21.27.830, 21.27.040, 21.27.380, 21.27.630, 21.27.640, 21.06.090, 21.27.330, 21.27.990, 21.33.055, 21.34.035, 21.51.405, 21.54.015, 21.87.230, 21.12.052, 21.34.040, 21.34.170, 21.34.180, 21.34.190, 21.34.900, 21.12.090, 21.36.125, 21.96.030, 21.60.030, 21.36.225, 21.51.400, 21.54.130, 21.36.235, 21.36.305, 21.36.260, 21.36.240, 21.36.475, 21.12.060, 21.12.070, 21.36.505, 21.36.910, 09.30.070, 21.39.155, 21.42.250, 21.42.377, 21.45.305, 21.48.010, 21.51.060, 21.57.160, 21.59.140, 21.76.070, 21.34.220, 21.79.020, 21.79.070, U.S.C, 21.86.040, 21.86.060, 21.07.250, 21.96.090, 21.96.120, 21.97.900, 28.10.011, 21.34.030, 21.39.020, 21.59.290, 21.86.078
SB0132C, AM CSSB 132(FIN), introduced 05/16/2025: 12.10.020, 21.07.030, 21.09.200, 21.06.180, 21.06.240, 21.09.210, 21.09.242, 21.12.020, 21.18.112, 21.18.900, 21.27.020, 21.27.270, 21.27.115, 21.27.025, 21.12.050, 21.12.080, 21.27.150, 21.27.410, 21.06.250, 21.36.515, 21.27.060, 21.27.830, 21.27.040, 21.27.380, 21.27.630, 21.27.640, 21.06.090, 21.27.330, 21.27.990, 21.33.055, 21.34.035, 21.51.405, 21.54.015, 21.87.230, 21.12.052, 21.34.040, 21.34.170, 21.34.180, 21.34.190, 21.34.900, 21.12.090, 21.36.125, 21.96.030, 21.60.030, 21.36.225, 21.51.400, 21.54.130, 21.36.235, 21.36.305, 21.36.260, 21.36.240, 21.36.475, 21.12.060, 21.12.070, 21.36.505, 21.36.910, 09.30.070, 21.39.155, 21.42.250, 21.42.377, 21.45.305, 21.48.010, 21.51.060, 21.57.160, 21.59.140, 21.76.070, 21.34.220, 21.79.020, 21.79.070, U.S.C, 21.86.040, 21.86.060, 21.07.250, 21.96.090, 21.96.120, 21.97.900, 28.10.011, 21.34.030, 21.39.020, 21.59.290, 21.86.078
SB0132D, AM HCS CSSB 132(FIN), introduced 05/19/2025: 12.10.020, 21.06.120, 21.06.160, 21.06.130, 21.07.030, 21.09.200, 21.06.180, 21.06.240, 21.09.210, 21.09.242, 21.12.020, 21.18.112, 21.18.900, 21.27.010, 21.27.630, 21.27.660, 21.27.460, 21.27.901, 21.27.955, 21.27.020, 21.27.270, 21.27.115, 21.27.025, 21.27.060, 21.27.150, 21.12.050, 21.12.080, 21.27.410, 21.06.250, 21.36.515, 21.27.830, 21.27.040, 21.27.380, 21.27.650, 21.27.405, 21.27.640, 21.06.090, 21.27.330, 21.97.020, 21.27.905, 21.27.975, 21.27.990, 21.33.055, 21.34.035, 21.51.405, 21.54.015, 21.87.230, 21.12.052, 21.34.040, 21.34.170, 21.34.180, 21.34.190, 21.34.900, 21.12.090, 21.36.125, 21.96.030, 21.60.030, 21.36.225, 21.51.400, 21.54.130, 21.36.235, 21.36.305, 21.36.260, 21.36.240, 21.36.475, 21.12.060, 21.12.070, 21.36.505, 21.36.520, 21.36.910, 09.30.070, 21.39.155, 21.42.250, 21.42.375, 21.42.377, 21.45.305, 21.48.010, 21.51.060, 21.57.160, 21.59.140, 21.76.070, 21.34.220, 21.79.020, 21.79.070, U.S.C, 21.86.040, 21.86.060, 21.07.250, 21.96.090, 21.96.120, 21.97.900, 28.10.011, 21.34.030, 21.39.020, 21.59.290, 21.86.078
SB0132E, AM HCS CSSB 132(FIN) am H, introduced 05/19/2025, passed House 05/19/2025: 12.10.020, 21.06.120, 21.06.160, 21.06.130, 21.07.030, 21.09.200, 21.06.180, 21.06.240, 21.09.210, 21.09.242, 21.12.020, 21.18.112, 21.18.900, 21.27.010, 21.27.630, 21.27.660, 21.27.460, 21.27.901, 21.27.955, 21.27.020, 21.27.270, 21.27.115, 21.27.025, 21.27.060, 21.27.150, 21.12.050, 21.12.080, 21.27.410, 21.06.250, 21.36.515, 21.27.830, 21.27.040, 21.27.380, 21.27.650, 21.27.405, 21.27.640, 21.06.090, 21.27.330, 21.97.020, 21.27.905, 21.27.975, 21.27.990, 21.33.055, 21.34.035, 21.51.405, 21.54.015, 21.87.230, 21.12.052, 21.34.040, 21.34.170, 21.34.180, 21.34.190, 21.34.900, 21.12.090, 21.36.125, 21.96.030, 21.60.030, 21.36.225, 21.51.400, 21.54.130, 21.36.235, 21.36.305, 21.36.260, 21.36.240, 21.36.475, 21.12.060, 21.12.070, 21.36.505, 21.36.520, 21.36.910, 09.30.070, 21.39.155, 21.42.250, 21.42.375, 21.42.377, 21.45.305, 21.48.010, 21.51.060, 21.57.160, 21.59.140, 21.76.070, 21.34.220, 21.79.020, 21.79.070, U.S.C, 21.86.040, 21.86.060, 21.07.250, 21.96.090, 21.96.120, 21.97.900, 28.10.011, 21.34.030, 21.39.020, 21.59.290, 21.86.078
SB0132Z, AM Enrolled SB 132, introduced 05/19/2025: 12.10.020, 21.06.120, 21.06.160, 21.06.130, 21.07.030, 21.09.200, 21.06.180, 21.06.240, 21.09.210, 21.09.242, 21.12.020, 21.18.112, 21.18.900, 21.27.010, 21.27.630, 21.27.660, 21.27.460, 21.27.901, 21.27.975, 21.27.020, 21.27.270, 21.27.115, 21.27.025, 21.27.060, 21.27.150, 21.12.050, 21.12.080, 21.27.410, 21.06.250, 21.36.515, 21.27.830, 21.27.040, 21.27.380, 21.27.650, 21.27.405, 21.27.640, 21.06.090, 21.27.330, 21.97.020, 21.27.905, 21.27.990, 21.33.055, 21.34.035, 21.51.405, 21.54.015, 21.87.230, 21.12.052, 21.34.040, 21.34.170, 21.34.180, 21.34.190, 21.34.900, 21.12.090, 21.36.125, 21.96.030, 21.60.030, 21.36.225, 21.51.400, 21.54.130, 21.36.235, 21.36.305, 21.36.260, 21.36.240, 21.36.475, 21.12.060, 21.12.070, 21.36.505, 21.36.520, 21.36.910, 09.30.070, 21.39.155, 21.42.250, 21.42.375, 21.42.377, 21.45.305, 21.48.010, 21.51.060, 21.57.160, 21.59.140, 21.76.070, 21.34.220, 21.79.020, 21.79.070, U.S.C, 21.86.040, 21.86.060, 21.07.250, 21.96.090, 21.96.120, 21.97.900, 28.10.011, 21.34.030, 21.39.020, 21.59.290, 21.86.078