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2004 Summary of New State Laws - Alaska

Issue

Bill #

Bill Description

Guaranty Fund

SB 276

Increases assessments on member insurers, self-insured employers and joint insurance arrangements to make up for deficiencies in the Alaska Insurance Guaranty Association. Effective 6/16/04 (Section 2, effective 7/1/10). Chapter 61, Laws of 2004.

Motor Vehicle Insurance

(Traffic Safety - Graduated Drivers License)

HB 213

Provides criteria for the issuance of provisional drivers licenses to young drivers between the ages of 16-18 and sets forth related restrictions and prohibitions on the use of such licenses. Effective 1/1/05 - Awaiting Governor's signature.

(Uninsured Motorists - Limits on Damages)

HB 336

Limit the recovery of damages for noneconomic losses resulting from operating a motor vehicle while uninsured. Awaiting Governor's signature.

Omnibus Insurance Law Changes

SB 357

Amends provisions pertaining to, among other things, workers' compensation, fraud, licensure standards, electronic transactions and surplus lines. Effective 7/1/04 (Section 18 effective 7/1/05). Chapter 96, Laws of 2004.

UETA

HB 285

Enacts the Uniform Electronic Transactions Act (UETA). Effective 7/1/04. Chapter 110, Laws of 2004.

Workers' Compensation

SB 323

Requires general contractors to provide workers' compensation to cover employees of a subcontractor if the subcontractor fails to provide coverage. Effective 9/15/04. Chapter 80, Laws of 2004.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.

Alaska State Resource Center