State of Alaska
Fiscal Note
Bill Version: CSSB 106(L&C)
2020 Legislative Session
Fiscal Note Number: 2
(H) Publish Date: 2/21/2020
Identifier: SB106CS(L&C)-DCCED-DOI-01-17-20 Department: Department of Commerce, Community and
Title: HOMEOWNER/RENTER INSURANCE RENEWAL Economic Development
Sponsor: BEGICH Appropriation: Insurance Operations
Requester: (H) Labor & Commerce Allocation: Insurance Operations
OMB Component Number: 354
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2021 Governor's
Appropriation FY2021 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2021 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Personal Services
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fund Source (Operating Only)
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2020) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2021) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? No
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? Yes
If yes, by what date are the regulations to be adopted, amended or repealed? 12/31/21
Why this fiscal note differs from previous version/comments:
This fiscal note has been updated for 2020.
Prepared By: Lori Wing-Heier, Director Phone: (907)465-2560
Division: Division of Insurance Date: 10/28/2019
Approved By: Micaela Fowler, Administrative Services Director for DCCED Date: 01/17/20
Agency: Office of Management and Budget
Printed 2/20/2020 Page 1 of 2 Control Code: vyXOm
 CSSB 106(L&C) - Fiscal Note 2
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. CSSB 106(L&C)
2020 LEGISLATIVE SESSION
Analysis
SB 106 amends title 21 to prevent consumers of homeowner's or renter's insurance policies from having their insurance
policy nonrenewed due to a filing claim, if the claim is the first or only claim made within the three years prior to the
policy's anniversary date. It also adds a requirement for insurers to file notice of nonrenewal with the Division of
Insurance.
The Division of Insurance does not anticipate any fiscal impact with the passage of SB 106.
(Revised 10/22/19 OMB/LFD) Page 2 of 2
SB106CS(L&C)-DCCED-DOI-01-17-20 Page 2 of 2 Control Code: vyXOm


Statutes affected:
SB0106A, AM SB 106, introduced 04/10/2019: 21.36.240, 21.36.260
SB0106B, AM CSSB 106(L&C), introduced 05/11/2019, passed Senate 05/14/2019: 21.36.240, 21.36.260, 21.36.460, 21.36.310
SB0106Z, AM Enrolled SB 106, introduced 03/25/2020: 21.36.240, 21.36.260, 21.36.460, 21.36.310