An Act relating to the business of insurance; relating to exceptions to prohibited rebates; relating to the powers of the director of the division of insurance; relating to prohibited practices in the advertisement of insurance; and providing for an effective date.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill makes changes to Alaska’s insurance regulations, primarily focusing on rebates, advertising practices, and the powers of the Division of Insurance. It clarifies exceptions to prohibited rebates, establishes stricter rules for insurance advertising, and expands the Division of Insurance’s authority. The bill also introduces coverage for prosthetic and orthotic devices under health insurance plans and addresses how medical assistance programs should cover these devices. Finally, it includes reporting requirements and a conditional effective date tied to federal approval of Medicaid plan changes.
Bill text
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Sponsors
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1 on record
Primary sponsor
Senate Labor & Commerce
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