# Alaska SB 132: OMNIBUS INSURANCE BILL Alaska SB 132, OMNIBUS INSURANCE BILL, is a 34th Legislature (2025-2026) Senate bill sponsored by SENATE LABOR & COMMERCE; status signed, last action 2025-07-30 ((S) EFFECTIVE DATE(S) OF LAW SEE CHAPTER); PRIA reads it as touching household money (as of 2026-11-04). - Canonical: https://policyrisk.com/state-bill/AK-SB132-34 - As of: 2026-11-04 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Alaska SB 132 - State: Alaska - Session: 34th Legislature (2025-2026) - Title: OMNIBUS INSURANCE BILL - Status: signed - Chamber: Senate - Introduced: 2025-03-14 - Last action: 2025-07-30, (S) EFFECTIVE DATE(S) OF LAW SEE CHAPTER - Sponsor: SENATE LABOR & COMMERCE - Cosponsors: 0 - Touches household money: yes - Economic provisions PRIA read: 32 ## Summary No summary available. ## Bill overview: provisions PRIA read - Lower costs for colorectal cancer screening: benefit, medium. Beginning January 1, 2026, affected health plans cover colorectal screening at frequencies in the latest American Cancer Society guidelines. Average-risk people get a choice of screening without deductibles, copayments, or coinsurance. Coverage includes a colonoscopy after a positive non-colonoscop… - Lower outside-network costs for HMO patients: benefit, medium. Beginning January 1, 2026, HMOs cover outside-network emergency screening and stabilization at their regular in-network cost-sharing level. After stabilization, the HMO may require a hospitalized patient to transfer. The same cost-sharing protection covers medically necessary outside-network care w… - More options for hard-to-find disability coverage: benefit, medium. Beginning January 1, 2026, Alaska allows approved disability and health coverage through insurers not authorized in the state. The insurance director must find the placement serves the public interest, and surplus-lines rules apply. Disability coverage must be excess coverage or for someone unable… - Stronger insurer cooperation with Alaska Medicaid: benefit, medium. Beginning January 1, 2026, insurers and pharmacy benefits managers must share coverage information and honor Alaska medical assistance recovery rights. They must answer Department of Health inquiries within 60 days. They cannot deny qualifying department claims solely for missing prior approval or… - Policyholders get longer nonrenewal notice: benefit, low. Beginning January 1, 2026, this rule applies when a policy reserves the insurer’s right to refuse renewal. The insurer must deliver or mail written notice at least 45 days before the premium due date, up from 30. Affected policyholders get more time to find replacement coverage. - Clearer coverage exception instructions for patients: benefit, low. Beginning January 1, 2026, insurers using network-based coverage levels and reviewing care must explain how to request benefit-level exceptions. These instructions must appear on prior authorization request forms. When approving care, insurers must state whether claims will be handled at the networ… - Longer prosecution window for life-insurance offenses: benefit, low. Beginning January 1, 2026, life-insurance offense prosecutions can begin within one year after an eligible person discovers the offense. This can apply after the ordinary deadline expires, but extends that deadline by no more than 20 years. Discovery must be by the harmed party, a legal representat… - State reviews vehicle service contracts first: benefit, low. Beginning January 1, 2026, providers must file vehicle service contracts with Alaska’s insurance division and obtain approval before issuing them. Changes to approved contracts also need filing and approval before use. The rule covers vehicles subject to Alaska registration. - Longer filing time for overseas insurers: benefit, low. Beginning January 1, 2026, covered overseas insurers have nine months after a reporting period to file financial statements, up from six. This applies to insurers based outside U.S. states and territories and absent from the national alien-insurer quarterly list. They must be seeking to provide Ala… - More insurance options for public pools: benefit, low. Beginning January 1, 2026, joint insurance arrangements can buy property and liability coverage from insurers Alaska surplus-lines brokers may use. Municipal and school district arrangements can also buy excess or catastrophic coverage from national association risk-sharing pools. Those pools must… - Alaska can seek health insurance waivers: benefit, low. Beginning January 1, 2026, Alaska's insurance director can seek federal waivers of health insurance requirements. This includes Affordable Care Act waivers for plan years beginning on or after January 1, 2017. A state plan must meet waiver requirements, follow state and federal law, and receive fed… - HMOs can arrange more health services: benefit, low. Beginning January 1, 2026, HMOs can provide or arrange additional health care services. They can use prepayment, fixed fees, or another financial basis. The law does not name the services or guarantee new benefits or lower costs for enrollees. - Lower interest floor for protected contract amounts: cost, low. Beginning January 1, 2026, the interest floor used to calculate certain minimum protected insurance contract amounts falls from 1% to 0.15%. The rate formula uses the lesser of 3% or a five-year Treasury-linked rate minus 1.25 percentage points. It rounds to the nearest 0.05 percentage point and ap… - Federal health policies lose guaranty protection: cost, low. Beginning January 1, 2026, Alaska expressly excludes specified federal health benefit policies from state insurance guaranty association coverage. The exclusion includes policies providing benefits under the cited Medicaid laws. It concerns the state insurance backstop, not eligibility for federal… - HMOs need not offer outside-network options: cost, low. Beginning January 1, 2026, licensed Alaska HMOs are exempt from offering a non-network option at initial enrollment. People choosing these plans may have fewer coverage options for care outside the provider network. - Insurance administrators can face examination charges: cost, low. Beginning January 1, 2026, third-party insurance administrators lose their exemption from insurance division examination charges. Examined administrators can be charged a reasonable rate covering staff salary, benefits, and division overhead. The director can waive actual out-of-pocket expenses or… - Surplus-lines brokers face filing fee penalties: cost, low. Beginning January 1, 2026, late surplus-lines filing fee payments cost brokers $50 monthly plus 2% of the fee due per month or partial month. The late charge is capped at $250 plus 10% of the fee due. Payment in the wrong form or manner brings a 25% penalty, with a $50 minimum and $1,000 maximum. T… - Group life insurers face approval rules: cost, low. Beginning January 1, 2026, insurers must submit information showing that a proposed group life policy meets statutory group requirements. The insurance director must approve issuance when the information is satisfactory. Approval is not required for single-employer groups, labor union groups, or au… - Insurance administrators face licenses and fees: cost, low. Beginning January 1, 2026, third-party insurance administrators generally need licenses and may work only within their licensed authority. They must meet qualification and experience standards, disclose business and financial information, designate a compliance officer, and meet reporting rules. In… - Insurance licensees must report disciplinary actions: cost, low. Beginning January 1, 2026, insurance licensees must report government administrative actions against them to Alaska's insurance director. Reporting is no longer limited to agencies outside Alaska. Specified Financial Industry Regulatory Authority sanctions and arbitration proceedings must also be r… - Stronger oversight of insurance service firms: cost, low. Beginning January 1, 2026, administrator and pharmacy benefits manager licensing rules cover business in Alaska and Alaska-related matters. A third-party administrator must be licensed to use the stated exception from managing general agent licensing. The director can examine both types of firm whe… - Health plan boards need fewer consumer seats: cost, low. Beginning January 1, 2026, consumers must hold at least one-quarter of a health maintenance organization’s governing seats. The former minimum was one-third. These consumers must substantially represent the plan’s enrollees. The law lowers required consumer representation without directly changing… - New licenses and fees for drug managers: cost, low. Beginning January 1, 2026, pharmacy benefits managers need Alaska licenses and must meet trust and conduct standards. Applicants must disclose ownership, background, compliance-officer, organizational, and financial information. They pay $20,000 initially and $20,000 to renew every two years. They… - Insurers face premium tax and reporting rules: cost, low. Beginning January 1, 2026, insurers pay a 0.75% tax on eligible direct wet marine and transportation premiums, after allowed deductions. It covers property or risks resident or located in Alaska. Risk retention groups must also file the required report and pay the tax required of domestic and forei… - Homeowners get labor claim payment protections: mixed, medium. Beginning January 1, 2026, residential property policies generally cannot reduce the value of labor expenses because of depreciation. Insurers can offer an optional, separate policy add-on allowing depreciation of listed intangible items. That add-on must provide a proportionate premium reduction.… - Several Alaska insurance rules are repealed: mixed, low. Beginning January 1, 2026, the law repeals several insurance code provisions. These are AS 21.09.210(d); AS 21.27.020(g), 21.27.330(a), 21.27.630(f), and 21.27.905(b); AS 21.34.030(d); AS 21.39.020(b)(4); AS 21.42.377(c); AS 21.59.290(2); and AS 21.86.078. The supplied information does not explain… - Courts decide security for troubled insurers: mixed, low. Beginning January 1, 2026, courts decide whether to require 100% security from an eligible reinsurer. This applies when the insurer buying reinsurance enters rehabilitation, liquidation, or conservation. The security protects that insurer or its estate. Posting security is discretionary rather than… - Easier adjuster licensing with Alaska requirements: mixed, low. Beginning January 1, 2026, independent-adjuster rules cover property, casualty, and workers' compensation claims, replacing the portable-electronics definition. Alaska must license eligible out-of-state adjusters whose home states offer Alaska residents licenses on the same basis. Applicants must b… - Insurers face audits with hardship relief: mixed, low. Beginning January 1, 2026, insurers must file the previous year's independently audited financial report by June 1. An earlier deadline requires good cause and 90 days' notice. The director may grant exemptions for financial or organizational hardship; denied applicants have 15 days to request a wr… - New home-state rules for multistate insurance: mixed, low. Beginning January 1, 2026, Alaska revises home-state rules for multistate and international insurance placed with nonauthorized insurers. The rules use the insured's main business location or residence, together with premium-allocation rules. For a nonaffiliated group policy, the group policyholder… - Revised licensing rules for insurance professionals: mixed, low. Beginning January 1, 2026, covered firms can name at most one compliance officer per class of authority, replacing the per-line limit. Administrator and pharmacy benefits manager compliance officers are exempt from the specified applicant requirements. Health or sickness producer authority covers s… - Brokers can pay marine insurance taxes: mixed, low. Beginning January 1, 2026, surplus-lines brokers can pay wet marine and transportation insurance taxes for insurers or insureds. Tax left unpaid after the director's default notice and payment deadline can incur late fees, interest, and penalties. This payment option does not create a separate pers… ## Sponsors and cosponsors - Sponsor: SENATE LABOR & COMMERCE ## Actions (73) - 2025-07-30: (S) EFFECTIVE DATE(S) OF LAW SEE CHAPTER (Senate) - 2025-07-30: (S) SIGNED INTO LAW 6/24 CHAPTER 17 SLA 25 (Senate) - 2025-07-30: (S) MANIFEST ERROR(S) (Senate) - 2025-07-30: (S) 3:20 P.M. 6/23/25 TRANSMITTED TO GOVERNOR (Senate) - 2025-05-19: (S) EFFECTIVE DATE(S) SAME AS PASSAGE (Senate) - 2025-05-19: (S) CONCUR AM OF (H) Y20 N- (Senate) - 2025-05-19: (S) CONCUR MESSAGE READ AND TAKEN UP (Senate) - 2025-05-19: (H) VERSION: HCS CSSB 132(FIN) AM H (House) - 2025-05-19: (H) TRANSMITTED TO (S) AS AMENDED (House) - 2025-05-19: (H) EFFECTIVE DATE(S) SAME AS PASSAGE (House) - 2025-05-19: (H) PASSED Y40 (House) - 2025-05-19: (H) READ THE THIRD TIME HCS CSSB 132(FIN) AM H (House) - 2025-05-19: (H) ADVANCED TO THIRD READING UC (House) - 2025-05-19: (H) AM NO 1 ADOPTED UC (House) - 2025-05-19: (H) FIN HCS ADOPTED UC (House) - 2025-05-19: (H) READ THE SECOND TIME (House) - 2025-05-19: (H) RULES TO CALENDAR 5/19/2025 (House) - 2025-05-19: (H) FN2: (CED) (House) - 2025-05-19: (H) NR: BYNUM, TOMASZEWSKI, GALVIN, JOSEPHSON, SCHRAGE (House) - 2025-05-19: (H) DP: HANNAN, STAPP, JIMMIE, FOSTER (House) - 2025-05-19: (H) FIN RPT HCS(FIN) 4DP 5NR (House) - 2025-05-18: (H) Minutes (HFIN) (House) - 2025-05-18: (H) Moved HCS CSSB 132(FIN) Out of Committee -- Recessed to a Call of the Chair -- (House) - 2025-05-18: (H) FINANCE at 12:00 PM ADAMS 519 (House) - 2025-05-18: Audio/Video (House) - 2025-05-17: (H) Minutes (HFIN) (House) - 2025-05-17: (H) Heard & Held -- Recessed to a Call of the Chair -- (House) - 2025-05-17: (H) FINANCE at 10:00 AM ADAMS 519 (House) - 2025-05-17: (H) FIN (House) - 2025-05-17: (H) READ THE FIRST TIME - REFERRALS (House) - 2025-05-17: (S) VERSION: CSSB 132(FIN) (Senate) - 2025-05-17: (S) TRANSMITTED TO (H) (Senate) - 2025-05-17: (S) EFFECTIVE DATE(S) SAME AS PASSAGE (Senate) - 2025-05-17: (S) PASSED Y19 N- E1 (Senate) - 2025-05-17: (S) READ THE THIRD TIME CSSB 132(FIN) (Senate) - 2025-05-17: Audio/Video (House) - 2025-05-16: (S) ADVANCED TO THIRD READING 5/17 CAL (Senate) - 2025-05-16: (S) FIN CS ADOPTED UC (Senate) - 2025-05-16: (S) READ THE SECOND TIME (Senate) - 2025-05-16: (S) RULES TO CALENDAR 5/16/2025 (Senate) - 2025-05-16: (S) FN1: (CED) (Senate) - 2025-05-16: (S) DP: OLSON, STEDMAN, HOFFMAN, KAUFMAN, CRONK, MERRICK, KIEHL (Senate) - 2025-05-16: (S) FIN RPT CS 7DP SAME TITLE (Senate) - 2025-05-14: (S) Minutes (SFIN) (Senate) - 2025-05-14: (S) Moved CSSB 132(FIN) Out of Committee (Senate) - 2025-05-14: (S) FINANCE at 09:00 AM SENATE FINANCE 532 (Senate) - 2025-05-14: Audio/Video (House) - 2025-05-05: (S) Minutes (SFIN) (Senate) - 2025-05-05: (S) Heard & Held (Senate) - 2025-05-05: (S) FINANCE at 09:00 AM SENATE FINANCE 532 (Senate) - 2025-05-05: Audio/Video (House) - 2025-04-07: (S) FN1: (CED) (Senate) - 2025-04-07: (S) NR: DUNBAR, MERRICK (Senate) - 2025-04-07: (S) DP: BJORKMAN, GRAY-JACKSON (Senate) - 2025-04-07: (S) L&C RPT CS 2DP 2NR SAME TITLE (Senate) - 2025-04-04: (S) Minutes (SL&C) (Senate) - 2025-04-04: (S) Moved CSSB 132(L&C) Out of Committee (Senate) - 2025-04-04: (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) (Senate) - 2025-04-04: Audio/Video (House) - 2025-04-02: (S) Minutes (SL&C) (Senate) - 2025-04-02: (S) Heard & Held (Senate) - 2025-04-02: (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) (Senate) - 2025-04-02: Audio/Video (House) - 2025-03-26: (S) Minutes (SL&C) (Senate) - 2025-03-26: (S) Heard & Held (Senate) - 2025-03-26: (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) (Senate) - 2025-03-26: Audio/Video (House) - 2025-03-19: (S) Minutes (SL&C) (Senate) - 2025-03-19: (S) Heard & Held (Senate) - 2025-03-19: (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) (Senate) - 2025-03-19: Audio/Video (House) - 2025-03-14: (S) L&C, FIN (Senate) - 2025-03-14: (S) READ THE FIRST TIME - REFERRALS (Senate) ## Bill text - Enrolled SB 132, 2025-05-19: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132Z), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0132Z.PDF) - HCS CSSB 132(FIN), 2025-05-19: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132D), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0132D.PDF) - HCS CSSB 132(FIN) am H, 2025-05-19: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132E), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0132E.PDF) - CSSB 132(FIN), 2025-05-16: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132C), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0132C.PDF) - CSSB 132(L&C), 2025-04-07: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132B), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0132B.PDF) - SB 132, 2025-03-14: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132A), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0132A.PDF) ## Related bills - SB 86: MONEY TRANSMISSION; VIRTUAL CURRENCY (became law) - SB 104: VEHICLES/BOATS: TRANSFER ON DEATH TITLE (became law) - HB 263: APPROP: OPERATING BUDGET;FUNDS;SUPP (signed) - HB 265: APPROP: MENTAL HEALTH BUDGET (signed) - HB 239: CRIME/CNTRL SUBST/ADDRESS CONFIDENTIALITY (became law) - HB 246: SPECIAL EDUCATION SERVICE AGENCY FUNDING (became law) ## Sources - [Enrolled SB 132 (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132Z) - [Enrolled SB 132 (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0132Z.PDF) - [HCS CSSB 132(FIN) (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132D) - [HCS CSSB 132(FIN) (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0132D.PDF) - [HCS CSSB 132(FIN) am H (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132E) - [HCS CSSB 132(FIN) am H (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0132E.PDF) - [CSSB 132(FIN) (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132C) - [CSSB 132(FIN) (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0132C.PDF) - [CSSB 132(L&C) (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132B) - [CSSB 132(L&C) (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0132B.PDF) - [SB 132 (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0132A) - [SB 132 (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0132A.PDF) ## Related - [SB 86: MONEY TRANSMISSION; VIRTUAL CURRENCY](https://policyrisk.com/state-bill/AK-SB86-34) - [SB 104: VEHICLES/BOATS: TRANSFER ON DEATH TITLE](https://policyrisk.com/state-bill/AK-SB104-34) - [HB 263: APPROP: OPERATING BUDGET;FUNDS;SUPP](https://policyrisk.com/state-bill/AK-HB263-34) - [HB 265: APPROP: MENTAL HEALTH BUDGET](https://policyrisk.com/state-bill/AK-HB265-34) - [HB 239: CRIME/CNTRL SUBST/ADDRESS CONFIDENTIALITY](https://policyrisk.com/state-bill/AK-HB239-34) - [HB 246: SPECIAL EDUCATION SERVICE AGENCY FUNDING](https://policyrisk.com/state-bill/AK-HB246-34) - [Alaska bills](https://policyrisk.com/states/alaska/bills) - [Alaska state hub](https://policyrisk.com/states/alaska) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AK-SB132-34 (as of 2026-11-04).