Alaska 31st Legislature (2019-2020) Status: Enacted

SB 195 — An Act relating to election of a domestic insurer's board of directors.

Last action — (S) EFFECTIVE DATE(S) OF LAW 7/19/20

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 17, 2020. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

3 added · 3 removed

Plain-language change summary

The amendments to SB 195 make it clear that directors of domestic insurers can be elected without needing to be members or stockholders, unless the insurer's bylaws state otherwise. Additionally, the changes allow policyholders to have a say in the election process alongside stockholders, promoting greater participation in governance. This matters because it broadens the qualifications for directors and encourages involvement from more individuals who are affected by the company's decisions.

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Alaska State Legislature The Alaska State Legislature menu Home Senate Current Members Past Members By Session Alphabetical House Current Members Past Members By Session Alphabetical Bills & Laws Bills All Introduced Actions by Date Awaiting Actions Bills sent to Conf Committee Bills in Committee Governor's Vetoes Passed Legislation Prefile Bill Summary Requestor Summary Statistics Sponsor Summary Subject Summary Laws Constitution Constitutional Convention Files Statutes Executive Orders - Current Executive Orders - Historical Administrative Code Journals Session Laws & Resolves Session Laws & Resolves 2019 Session Laws & Resolves 2020 - Previous Year Session Law - Previous Year Legislative Resolves Tools Statute Information Retrieval System Bill Tracking Management Facility Past Legislatures (Archives) Committees Hearing Schedule Standing Committees Finance Committees Special Committees Joint Committees Conference Committees Other Committees Minutes Publications Get Started Information Offices Legislative Affairs Legislative Agencies Links Legislative Branch Executive Branch Judicial Branch Alaska Delegation Home Bill & Laws Bills SB 195 Detail FullText txt SB 195:
Relating to election of a domestic insurer's board of directors.
"An Act relating to election of a domestic insurer's board of directors." SENATE BILL NO.
00Enrolled SB 195 01 Relating to election of a domestic insurer's board of directors.
195 01 "An Act relating to election of a domestic insurer's board of directors." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
02 _______________ 03 * Section 1.
03 * Section 1.
Unless the bylaws 08 provide otherwise, a director is not required to be a member or stockholder of 09 the insurer.
Unless the bylaws 08 provide otherwise, a director does not need to be a member or stockholder of the 09 insurer.
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Action History

  1. (S) EFFECTIVE DATE(S) OF LAW 7/19/20

  2. (S) Signed into law 4/20 CHAPTER 21 SLA 20

  3. (S) MANIFEST ERROR(S)

  4. (S) 2:15 P.M. 4/7/20 Transmitted to Governor

  5. (H) VERSION: SB 195

  6. (H) RETURN TO (S), TRANSMIT TO GOV NEXT

  7. (H) PASSED Y36 E4

  8. (H) Read the third time SB 195

  9. (H) ADVANCED TO THIRD READING UC

  10. (H) Read the second time

  11. (H) RULES TO CALENDAR 3/26/2020

  12. (H) FN1: ZERO(CED)

  13. (H) DP: FIELDS, STUTES, STORY, GILLIS, HANNAN, SPOHNHOLZ

  14. (H) L&C RPT 6DP

  15. (H) Minutes (HL&C)

  16. (H) Moved SB 195 Out of Committee -- Please Note Location Change --

  17. (H) LABOR & COMMERCE at 03:15 PM DAVIS 106

  18. (H) Minutes (HL&C)

  19. (H) <Bill Hearing Canceled> -- Delayed to a Call of the Chair --

  20. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  21. (H) L&C

  22. (H) Read the first time - REFERRALS

  23. (S) VERSION: SB 195

  24. (S) TRANSMITTED TO (H)

  25. (S) PASSED Y17 N- E3

  26. (S) Read the third time SB 195

  27. (S) ADVANCED TO THIRD READING 3/17 CALENDAR

  28. (S) Read the second time

  29. (S) RULES TO CALENDAR 3/16/2020

  30. (S) FN1: ZERO(CED)

  31. (S) DP: BISHOP, GRAY-JACKSON, STEVENS, REVAK

  32. (S) L&C RPT 4DP

  33. (S) Minutes (SL&C)

  34. (S) Moved SB 195 Out of Committee

  35. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

  36. (S) Minutes (SL&C)

  37. (S) Heard & Held

  38. (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

  39. (S) L&C

  40. (S) Read the first time - REFERRALS

Sponsors

  • SENATE LABOR & COMMERCE BY REQUEST · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on

Sponsors (1)

  • SENATE LABOR & COMMERCE BY REQUEST

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

Show all 64 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

elections
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 195?
SB 195 is sponsored by SENATE LABOR & COMMERCE BY REQUEST.
What is the current status of SB 195?
This bill has been enacted into law. Introduced February 17, 2020. Enacted.
Where can I track SB 195?
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