Alaska Gov. Murkowski Signs Reform Regulations Bill

Alaska Gov. Frank Murkowski recently signed 18 bills into law, including legislation to reform insurance regulations.

“I was pleased to sign these important pieces of legislation into law,” said Murkowski. “This Legislature addressed a number of important issues for Alaskans – and Alaskans will benefit from these new laws.”

HB 147 provides increased protection for Alaska’s insurance consumers while making the regulation of insurance more efficient for the state. The bill authorizes the Division of Insurance to regulate health discount plans that would not otherwise be regulated as insurance. Such plans are reportedly attractive to consumers because they appear to provide health care benefits at reduced costs.